Kickstart A Crypto Exchange Business By Launching A Poloniex Clone
Cryptocurrency is a digital currency that is designated for online transactions seamlessly & securely in an instant. However, the crypto exchange platform is a medium that acts as an intermediary which enables the users to trade & exchange cryptocurrencies. A prominent example of it is Poloniex, a crypto trading platform with advanced features. With the growing demand for such platforms, one can aspire to launch Poloniex Clone. Here, this informative blog will guide you through the simplest way to deploy the crypto trading platform in a short period.
Two Possible Ways To Develop Poloniex Clone
Typically, a crypto trading exchange platform like Poloniex can be crafted in two different approaches. A brief explanation for the same is here.
- Crypto Exchange Development From Scratch
A customary way of developing a crypto exchange platform is creating it from scratch, which facilitates you to materialize your ideas into reality. This could enable you to come up with your architecture to be designed using the recent technologies.
On a rough note, this would require a lot of time as well as effort. Eventually, the cost for it will be quite more, which will be dependent on your business requirements. As you are initiating the development from the beginning and implementing your unique ideas, it would help to make your crypto exchange platform distinctive. This leads to standing out from the competitors.
- Crypto Exchange Development Using A White-Label Solution
The most commonly preferred approach is choosing to develop the Poloniex Clone using a white-label solution. This is quite a friendly approach for the one who wants to enter the crypto sphere sooner.
And yes, the Poloniex Clone Script is a pre-fabricated crypto trading platform with the inclusion of basic features and the security mechanism for transactions. Here’s a list of the general features.
- Wallet integration
- Liquidity
- Two-factor authentication
- KYC verification
- Referral system
- Payment gateway integration
Major advantages of the white-label Poloniex Clone app development are end-to-end customization and scalability. Thus, this will make the solution altered to your business requirements. It is to be done when you want to make your crypto exchange platform to be distinguishable from others. When compared to the previous approach, this one is budget-friendly and less time-consuming.
Concluding notes
Both ways of developing a crypto trading platform like Poloniex have their pros and cons. The choice is yours as you have to decide on which approach to rely on. As a concluding say, the preference of a readily available Poloniex Clone will be a perfect solution for those who want to make an entry into the crypto sphere in the shortest possible time. To get started with it, directly approach the company and launch the developed Poloniex Clone to establish a crypto exchange business.