TraderX Launches Innovative White Label Solutions for Cryptocurrency Exchanges

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SINGAPORE, January 30, 2023 /PRNewswire/ — In 2020, CoinBase would have done $1.3 billion in returned and had a net Income of $322 million while 2021 was even higher at $1.8 billion in returned and an annual net income of $3624 million. As appetizing as these benefits may seem, the creation of a cryptocurrency exchange can be a costly and complex undertaking, and development costs are one of the main financial barriers to entry that can make it difficult for ordinary entrepreneurs to start their own exchange.

The operating costs of a cryptocurrency The exchange can be mainly divided into 3 categories:

  • Full Trading System Development Costs

Cryptocurrency exchanges require specialized software to manage the buying and selling of digital assets. This software can be complex and expensive to develop, especially for smaller exchanges, and does not include the costs of security systems.

  • Long-term fixed expenses such as wallet, liquidity, and maintenance of server operation

Liquidity costs refer to the ability of an exchange to have sufficient funds so that buyers and sellers can be quickly and easily matched. Other related costs include server and wallet maintenance, both of which aim to ensure that transactions can proceed safely and smoothly.

  • Cost of human resources for R&D, operational and technical support

Hiring and maintaining highly professional employees who are both Web3 trained and experienced in exchange technical support becomes more expensive due to the high demands of these people.

All of these costs combined can be extremely high and prevent an ordinary entrepreneur from creating their own exchange, making it almost impossible to enter the market and own part of the industry. These 3 costs can be significantly reduced by using labeling services. Enter TraderX.

TraderX, your turnkey solution to build a Cryptocurrency Swap

Based at SingaporeTraderX, a global blockchain and fintech company, offers a solution to financial barriers to entry to create a cryptocurrency exchange for ordinary contractors. The company provides turnkey solutions, meaning it provides entrepreneurs with all the software and infrastructure needed to successfully run a cryptocurrency swap. This eliminates the need for contractors to develop their own technology and security systems, reducing development costs.

Moreover, MerchantX provides liquidity solutions, which help ensure that the exchange has adequate trading volume and can attract customers. This eliminates the need for entrepreneurs to invest in costly cash sourcing strategies. The platform also includes marketing and advertising tools that help entrepreneurs promote their exchange and attract customers, reducing the need for large marketing and advertising expenses.

The all-inclusive turnkey solution contains their full SAAS service and shared liquidity, while the customizable packages are ideal for those who already have their own market making and liquidity for their trading pairs. The support services don’t stop there, as marketing packages for new exchanges are also readily available, making TraderX undeniably useful for entities that don’t want to build a team from scratch for the various operations required. from a centralized one. cryptocurrency swap.

Have large and existing exchanges invested in MerchantX and years of business experience in the field, the company offers its services at more reasonable rates compared to its competitors, making it one of the few options to consider when looking for technical back- end for new centralized exchanges. Businesses can focus on the operations, sales, and marketing portion of their exchange business without the need to onboard web3 technical staff for back-end development and network maintenance.

Deployment and transaction speeds above industry average

Applying for a banking or foreign exchange license in the relevant countries can take years, but defining your cryptocurrency the exchange should not. Based on state-of-the-art technology and an innovative backend management system, MerchantX seeks to revolutionize the way exchanges should be and the minimal time required to deploy an MVP and even shorter for the fully functional version. With a minimum spend of one month, all back-end work for perpetual futures, delivery futures and other prediction markets can be up and running with software and liquidity support.

Speed ​​does not only imply your ability to reach the market. Competing services mostly provide an average API capacity of 100 transactions per second. This can significantly limit the scalability of an exchange’s business down the road. TraderX provides 10,000 TPS to avoid any API bottlenecks and ensures that customers can focus on running their trading business, regardless of the size of their business.

Farewell to absurd fees

It is no longer time to integrate a new chain or a new trading pair on a weekly basis would be too expensive to imagine. Customers who also want to deploy their tokens on a variety of exchanges would also benefit from the added benefit and guidance of MerchantX without the absurd time required for contract deployment or ridiculous fees. TraderX’s SAAS structure includes all the back-end functionality required for a working product. This also includes support for server hosting, support for new chains for wallet management, and liquidity management for transaction depth without customers having to pay for each add-on.

24-hour, on-site technical support

For anyone who may have used exchanges before, you would know that if anything could go wrong, sooner or later they would. 24/7 customer support is paramount for any black swan event that happens in the web3 industry. TraderX believes that such emergency support for anyone running exchange businesses should be the norm.

MerchantX dedicates a team of professionals to provide prompt resolutions in case of hardship. This is achieved by leveraging the company’s in-house team of technical staff and customer support staff working together during potential emergency times. Supported languages ​​for emergency customer assistance are: English, Japanese, Korean, Russian, Turkish, Chinese, Vietnamese, Thai, Indonesian, and Spanish.

TraderX & Security

Security is paramount for any centralized exchange to thrive. Nearly half of major hacks involving the most cash losses are the result of exchanges for their poor protocols and security policies. All of these issues can be properly addressed through data encryption, hardware wallet management, and frequent security audits to test the robustness of the exchange’s security practices. TraderX ensures that such practices are consistently applied, helping clients avoid making similar mistakes that trades have failed in the past.

TraderX provides a comprehensive, cost-effective solution that eliminates the need for entrepreneurs to invest in expensive technology, security, liquidity, marketing and advertising. This allows ordinary entrepreneurs to enter the cryptocurrency forex market and launch their own exchange, putting the future of finance at your fingertips.

For more information visit their website or email MerchantX directly to speak with one of their representatives. Emails can be in any language and the right representative will respond quickly. The next bullish cycle and the mass crypto adoption by businesses and governments. Are you ready to own a part of the evolving forex industry?

Website: https://www.traderx.vip/fr

Twitter: https://twitter.com/RealTraderX

Facebook: https://www.facebook.com/profile.php?id=100089129889725

LinkedIn: https://www.linkedin.com/company/traderx-official/about/

E-mail: [email protected]

SOURCETraderX


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