Cryptocurrency Exchange Development Services

As with any other online system of exchange, the crypto exchange has to have data encryption, DDoS, and failed login protection in place.
Unlike other less sensitive systems, you have to implement Cross-Site and Server-Side request forgery protection to protect the system from state-changing requests and attacks sent from hacked third-party integrations.

In order to comply with the Anti-Money Laundering Program, you have to be sure there are systems in place that are capable of detecting suspicious activities associated with money laundering and fraud. Policies, terms, and conditions have to be developed according to the requirements of the jurisdiction for the country of your exchange’s operation.

For smooth market maker operation and connection to other exchanges, your platform has to feature an easy-to-use API as well as matching engine and enterprise wallets. These components should ensure the balance of liquidity as well as the smooth flow of money between large market participants.

In order to be truly successful, your crypto exchange should be able to process hundreds of transactions per second and allow for simple functional growth. Your exchange is unlikely to come close to tens of thousands of transactions per second, but this is not required. It is enough to ensure that there is no queue in the payment dock while having the tools necessary for quick scaling in case of rapid growth in users and requests.

Cryptocurrencies cannot be used for everyday payments so far. This is due to the complexity of the work between the exchanges and the need to understand the mechanisms of their work. To attract more users, exchange owners need to make their daily transactions easier with the right onboarding and mobile apps. The same applies to overall interface usability. Complex interfaces scare people away so you have to try to make it as convenient and simple as possible.

Cryptocurrencies are poorly adapted to microtransactions – the transfer speed is low and the commission can be very high. In part, this also discourages the widespread use of cryptocurrencies. The problem can be partially solved by Lightning Networks as well as the use of centralized cryptocurrencies.