What are cryptocurrency exchanges?
Very similar to the physical stock exchanges, where you can trade for stocks and derivatives at the market rates, cryptocurrency exchanges are platforms that enable their users to exchange one cryptocurrency to another cryptocurrency or to a fiat current (like US dollar). The cryptocurrency exchange also known as digital currency exchange (DCE) could be either a brick-and-mortar business like a physical trading entity or could be strictly an online platform offering trading in the digital assets. There are several cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, Stellar, Cardano, IOTA, NEO, Monero, Bitcoin Cash and others traded on these exchanges.
Why do we need cryptocurrency exchanges?
In the recent past, cryptocurrencies have taken the world by storm. Their high market values and the unpredictable volatility in their rates, makes for a close watch of some of the top digital currencies. Their exponential growth in a short span of time has attracted many people explore them as lucrative options of investment. Thus, with more than 16,000 cryptocurrencies in the market today, with a combined market capitalization of $289 billion, investors are keen on trading in them. As a result, there are slew of DCEs that have sprung up to address the growing market with relevant digital infrastructure and enable exchange of these cryptocurrencies.
With the increase in cryptocurrency mining, development of blockchain based apps and the interest in cryptocurrencies spreading across the world, there is a growing need for developing more cryptocurrency exchange websites currently.
Depending on the kind of their operations, DCEs provide the services similar to a stock exchange or currency exchange facilities available at airports and banks.
Why choose Maxtra development services?
At Maxtra, with our niche skills and expertise in blockchain development, we are capable of developing crypto exchanges that are secure and facilitate easy transactions. Our solutions in cryptocurrency exchange development ensure
Highly secure: The exchange website is highly secure providing utmost data protection.
Incredible speed: It downloads at incredible speed giving to a superior experience.
Engaging UI: The attractive, engaging and user-friendly UI design enables ease of trading of cryptocurrencies by the users.
Mobile app development: Also, we develop cryptocurrency exchanges for mobile platform to enables users trade on the go.