Since the inception of cryptocurrency, centralized and decentralized exchanges have dominated the market. A centralized exchange platform relies on a centralized authority to control and hold the user’s funds to execute transactions. Users must rely on a third party to ensure their funds are secure. Although a centralized exchange provides numerous benefits like enhanced functionality, liquidity, and transaction speed, there is a minor disadvantage in that if a centralized server is hacked, the hacker can efficiently access all of the platform’s information.
This is why they have historically been more vulnerable to hacking threats. Similarly, there is no centralized server in a decentralized exchange, and the private keys get stored on the user’s server. As a result, they provide safety and security for the funds. However, some users may believe that these platforms are not user-friendly because there is no central authority to organize and manage their funds and the platform’s activities. Furthermore, users frequently forget their passwords, making account recovery nearly impossible.
As described shortly, centralized exchanges have high liquidity and quick transactions. Similarly, decentralized exchanges are well-known for their anonymity and high level of security. However, both platforms have inefficiencies. The centralized platform is vulnerable to hacking and charges high transaction fees, whereas the decentralized exchange cannot handle high-frequency transactions because of these inefficiencies, a hybrid crypto exchange is required.
What is a hybrid crypto exchange?
The hybrid exchange combines the best of centralized and decentralized exchanges, providing the high liquidity and fast transactions of centralized exchanges while also providing the anonymity and protection of decentralized exchanges. In a hybrid environment, you can protect your privacy and private keys while enabling faster transactions, enhanced functionality, frequency, security, privacy, and liquidity. It provides maximum benefits to users and is thus an excellent choice for starting your venture.
A Hybrid crypto exchange software overcomes the minor drawbacks of both CEX and DEX while providing the best of both. These exchanges are gaining traction in the market and becoming more appealing to users as they help boost a large investor base with the attributes of a centralized exchange and make the storage of funds reliable with the attributes of a decentralized exchange, where no central authority is present.
Features of hybrid crypto exchange software development
Many crypto traders are influenced by the hybrid exchange because of its prominent features. You can find the precise characteristics of the hybrid exchange.
1.Customizable Dashboard
We create a robust front-end and back-end admin and user dashboard with custom features for both users and platform owners to manage activities and customize user profiles, among other things. We use a highly intuitive, interactive, and user-friendly interface suitable for experienced and novice users to help you expand your user base and provide them with a better experience.
2. Atomic Swap Trading
Atomic swaps based on blockchain technology will enable traders to exchange digital currencies directly without a third party. An atomic swap is a smart contract that allows users to exchange crypto peer-to-peer, eliminating the need for intermediaries and trading large amounts of cryptocurrency.
3. Two Factors Authentication
Two-factor authentication increases security by validating user access. Two-factor authentication (2FA) is a security procedure in which users provide two distinct authentication factors to be verified.
4. Smart Contracts and escrow Integration
Smart contracts allow automated verification and transaction processing. Our hybrid crypto exchange platform uses an escrow management system, which ensures that users’ transactions are risk-free and secure.
5. Payment Gateways Integration
Users can make payments using their preferred payment method by integrating multiple secure payment gateways. In all of our crypto exchange software, we highly customize multi-payment gateways to increase user comfort and promote the best transaction experience for national and international users.
6. High-Performance Trading Engine
We construct your trading engine with high security so that you can bring any trading functions/orders with latency. For any international transaction, our trading platform is secure.
7. Referral and Reward Program
We design our white-label cryptocurrency exchange software with unique rewards and referral programs that allow users to earn extra points for referring other active users.
Benefits of hybrid crypto exchange software development
Hybrid exchanges provide several advantages, including lower counterparty risk, the potential for lower transaction fees, and a broader range of trading pairs.
Quick and secure Transactions
Our advanced trading tools and functionalities will enable quick and secure transactions for users all over the world. Our hybrid digital asset exchange platform is highly responsive and instantly connects buyers and sellers, making communication easier.
Maximum Security
Hybrid exchange systems are safer than other exchanges. Users gain more independence when conducting transactions. It also significantly reduces the likelihood of hackers and breaches. We follow security practices and offer maximum security using a firewall, anti-DDoS, protocol protection, and more.
High Liquidity
Users can benefit from high liquidity and seamless trade executions for a professional trading experience in our crypto trading platforms. We make liquidity management easier for you by allowing you to connect the exchange to a third-party exchange and display the order book in your platform to increase liquidity and draw users’ attention. To achieve high liquidity, we build hybrid exchanges reinforced with options such as API connection and market maker.
High Volume TPS
It is a criterion for determining the viability of any exchange platform. We create a high-performance hybrid cryptocurrency exchange software that processes 100,000+ transactions per second. Our solid expertise will ensure a hybrid exchange platform with high performance, and you won’t have to spend a lot of money on exchange infrastructure.
Services offered by a hybrid crypto exchange development company
We create customizable products for your target audience. A few of our hybrid crypto exchange development services are listed below:
1. Hybrid Exchange Development
Indulge in a hybrid crypto exchange platform development that combines the advantages of centralized and decentralized platforms for an unprecedented trading experience. Our hybrid exchange platforms combine the liquidity and speed of centralized exchanges with the security and anonymity of decentralized exchanges. The level of privacy and security is unquestionable, and the gas fee is low. More than 90% of businesses use hybrid exchange platforms, and you can join them.
2. Crypto Wallet Development
We provide users with comprehensive cryptocurrency wallets that are safe, fast, and simple to use. We create strong crypto wallets for hybrid exchange platforms with custom features to meet every unique business requirement. The top features of our crypto wallet platform solutions are efficient fund management and asset management. The transaction records are only accessible with unique private keys, making it a secure environment. Users can transfer funds to their wallets using various payment methods.
3. Margin Trading Development
Increase the number of potential investors attracted to your existing business by adding margin cryptocurrency trading to the trading parameters. We create comprehensive and exhaustive margin trading exchange platforms to assist customers in increasing their profits on investments and making the most of uncertain market trends.
4. Smart Contracts Creation
To modernize the way agreements are made, we create smart contracts that assist users in trading effectively on a crypto exchange platform. We offer smart contract development that is designed by expert developers to meet the business requirements of industries like real estate, manufacturing, healthcare, and others.
Technology Stack of a hybrid crypto exchange platform development
Languages: Java, PHP, MEAN, React Native, Laravel
Databases: MySQL, MongoDB
Mean: Angular JS, MongoDB, Express JS, Node JS
Cloud: AWS, Google Cloud Platform
Push notifications: Twilio, Amazon SNS
Hybrid crypto exchange software development Process
You can rely on our team of technical experts with real-world experience creating success stories when you partner with Addus.
Project analysis:
We analyze the company’s needs and conduct an in-depth analysis of the current market position. Following a thorough project analysis, our experts will develop the appropriate definition based on your requirements.
UI/UX Design
We design an adaptive and interactive user interface. Our designing team goes through the UI/UX design process several times to ensure that even the Cryptocurrency Exchange MVP can do all the talking.
Development:
We are determined to build the best hybrid exchange platform possible by combining Smart contracts and blockchain technology. We bring together the most recent platform features for Hybrid platforms. We then add robust functionalities and utilities, creating a fully-functional platform with all value-added features and functions that can assist you in bringing in more users and increasing revenue levels.
Testing:
Before being used on a large scale, our skilled testing team ensures that your finished product is error-free and thoroughly tested. At Addus, end-to-end testing in real-time is the norm. After testing, we eventually adapt to your network.
Deployment:
We will also be there for you after the launch, providing you with the most dependable maintenance support whenever you need it. Addus continues to provide services even after the project’s completion to avoid technological issues.
Digital promotion:
Our years of experience in crypto markets, crypto-exchange software development, and maintenance services enable us to identify the best markets and marketing strategies. We promote your exchange platform in a better way. You can imagine making your platform successful with user-focused digital promotion strategies.
Why choose Addus?
Addus has gained considerable expertise and is well-versed in the field as a leading hybrid crypto exchange development company that embarked on this journey ahead of time. As a result, we are the most dependable and ideal hybrid exchange platform development company. We make every effort to provide comprehensive hybrid exchange development solutions that are both effective and cost-effective, and we place a premium on quality and security. Our hybrid exchange platform assists crypto users by facilitating CEX and DEX services, adequate liquidity, and lively exchange handling. We understand the client’s requirements and achieve the utmost customer satisfaction. Clients from all over the world come to us with their unique ideas, and we bring them to life with the most innovative solutions that take their business to the next level.
- On-time Delivery
- Cost-effective Solutions
- Agile Methodology
- Vast years of Industrial Experience
- Dependable in-house Experts
- 24/7 Tech support
- Assured Quality
- Bug-free product
Wrap up!
The price of a cryptocurrency exchange gets determined by the features you wish to include in the platform. However, compared to building from scratch, white-label software allows you to develop your hybrid crypto exchange in the least amount of time and money. If you want to take advantage of the opportunity to build your hybrid exchange, work with Addus for a smooth development journey. We offer the best hybrid crypto exchange development services.
