Starting a crypto exchange business from scratch entails a number of steps, from creating a business plan to testing all exchange systems, and each of these steps necessitates the use of crucial resources like time, a reasonable budget, practical expertise, and theoretical understanding in the field of cryptocurrencies. A White Label approach enables the establishment of a cryptocurrency exchange business, simplifying the process of entry into the crypto market for new participants. Providers of White Label cryptocurrency exchanges are able to offer this service.

This article will guide you through the world of White Label solutions and tell you what White Label crypto exchange providers are and how they help the crypto business. We will also cover the main types of WL solutions used in crypto exchange and will end with a list of the top 10 White Label Crypto Exchange Providers in 2023.

KEY TAKEAWAYS

• White Label crypto exchange provider is a professional organization that develops and sells specialized services and products for crypto exchange activities.
• The main WL crypto exchange solutions are trading engine, cross-chain bridge, admin panel, and user interface.

What is White Label Crypto Exchange Provider and How Does It Serve Crypto Business?

The white label business model is one of the most popular today among multinational corporations. Typically, it refers to marketing goods or services one company produces for use by a second company under a different brand name. Without question, businesses with a sizable customer base and a solid reputation in the market are more likely than others to embrace this interaction technique these days. In the cryptocurrency industry, WL solutions provide a way to quickly and affordably create a crypto exchange platform with cutting-edge technologies and complete functionality, which is crucial in the current highly competitive climate.

As part of the White Label crypto exchange development, providers supply all the necessary software to implement all the essential solutions inherent in the classic crypto exchange. Among such solutions, as a rule, a matching engine is distinguished – a special and mathematically complex mechanism for matching buy and sell orders; trading platform (terminal) – a computer system equipped with all the necessary tools and used for asset trading; user-friendly interface, crypto payment processing, etc.

White Label exchange software providers appeared in the market almost immediately after the WL solution itself appeared because many entrepreneurs saw in this business model an excellent opportunity to earn money on the one hand and on the other hand – a powerful tool to gain valuable experience in the development and programming of unique crypto exchange solutions tailored to the needs and preferences of customers, whose popularity has grown in direct proportion to the popularity of crypto technologies. Today, the variety of WL crypto exchange software providers allows choosing the best solution considering the budget, individual requirements to the technical component of the exchange, its design, and other elements that determine the unique style of the crypto brand. 

FAST FACT

• Crypto exchange WL solutions are the most flexible tool for customization of crypto business.

Types of White Label Crypto Exchange Solutions

White Label crypto exchange software appeared due to rethinking the vision of business in the field of crypto, which today is an auspicious direction that can revolutionize the field of finance. The high popularity of the crypto industry encourages cryptocurrency exchange solution providers to look for new solutions to offer their customers the best experience with a crypto exchange. The leading WL crypto exchange solution solutions includes the following:

1. Payment Processing

Every crypto exchange is a place where digital assets are traded. There are several ways to buy these assets, among which there are P2P trading – the process of purchasing currency from traders on a special platform, often at a favorable rate; direct transfer and replenishment of the wallet of a particular fiat currency from another wallet and direct purchase with the help of bank cards. The latter method implies special software capable of processing transactions with high accuracy and minimal delays because waiting in the process of buying digital assets, having volatile nature, is an unacceptable luxury.

2. Matching Engine

Order matching engine – this is one of the most crucial parts of any crypto exchange, and plays the role of the central link of the system engaged in the redistribution of pending orders from the order book and their parallel convergence to ensure the stability of the trading process and avoid chaotic movement of quotations of a particular digital asset as a result of the imbalance between supply and demand. Proper operation of the matching engine also eliminates the possibility of slippage and spread formation, which plays a decisive role in attempts to buy an asset at the best possible price.

3. Admin Panel

The admin panel is a central cryptocurrency exchange system, combining solutions that provide complete control over all exchange components. Among them, we can distinguish a personal trader’s room and its elements, providing a comfortable process of trader’s investment portfolio status tracking; the main interface of the exchange – charts, tables, and other visual elements reflecting the state of markets, including order book, charts of statistical and summary data of trading activity history, etc.

4. Cross-Chain Bridge

Today, the abundance of various blockchain systems, on the one hand, gives more freedom to work with crypto assets. Still, on the other hand, it creates inconveniences in situations that require input, output, or exchange of digital assets between different blockchain networks. Since hundreds of different coins are circulating on any crypto exchange, conducting the above operations sometimes becomes problematic because not all exchanges offer a wide choice of blockchain networks to withdraw coins with minimal commissions. Liquidity providers have a full list of cross-chain solutions built into the crypto exchange infrastructure to avoid such problems.

Top 10 White Label Crypto Exchange Providers in 2023

When thinking about starting your crypto exchange, there are many important things to consider, the first of which is choosing a reliable WL crypto solutions provider. Today, the WL crypto exchange provider market offers a wide range of providers, each with unique business features and product vision to ensure the best possible user experience. Let’s look at the 10 most well-known companies that help you launch your crypto business from scratch.

• B2Broker

B2Broker company, actively mastering the market of financial services since 2014, today is one of the leading providers of technological fintech solutions and liquidity for Forex, cryptocurrencies, CFD, etc. Paying due attention to every detail, the company has developed a multi-component ecosystem of innovative financial trading solutions in order to give its clients the best possible experience with its products. 

Among such solutions, one of the most popular options is White Label crypto exchange, allowing you to launch your own full-fledged cryptocurrency exchange in the shortest time and at an affordable price, using the company’s infrastructure that will have all the necessary elements for trading cryptocurrency instruments. 

• Openware

Openware is the leading software engineering company of the open-source Blockchain ecosystem developing global financial platforms, crypto exchange software, crypto marketplace applications, digital banking, online brokerage, and crypto custody vaults, headquartered in San Francisco. Company full-stack products help developers build next-generation DeFi apps and enable enterprises to launch robust future-ready financial infrastructure.

Openware is now a major contributor to open source blockchain projects and a license provider for the OpenDAX™ product stack, providing enterprise services on top of open source components, including training, support, and research as well as software development. Thanks to the company’s innovative technology and affordable prices, it is possible to launch a crypto business with minimal investment of resources and time.

• ChainUP

ChainUp is one of the world’s leading blockchain technology service providers. As a Singapore-based company founded in 2017, ChainUp has operations in Tokyo, Hong Kong, the United States, Canada, Toronto, and other countries as part of its comprehensive global business strategy.

In addition to offering a variety of blockchain services and crypto technologies under its White Label model, ChainUp is one of the most prominent players in the field of providing blockchain and crypto technologies, which includes trading systems for digital assets, non-fungible tokens (NFTs), wallet infrastructure, mining and staking services. A comprehensive platform that provides end-to-end technical services is being developed by the company in order to assist clients in building their products as well as to direct and distribute traffic, trading volumes, and liquidity to them. With over 60 million users in more than 30 countries and regions, ChainUp provides blockchain technology and financial services to more than 1,000 clients in both cryptocurrency and traditional financial industries.

• AlphaPoint

An American fintech company called AlphaPoint develops crypto trading engines and storage and trading solutions for digital assets. The company specializes in exchanging cryptocurrencies for fiat money and other digital assets through White Label technology. Founded in 2013, the company offers a product that enables cryptocurrency exchanges to be launched in less than three weeks.

AlpPoint is at the forefront of developing security mechanisms designed to ensure that customers’ funds are protected without sacrificing functionality. The company offers the following services as part of their White Label model: wallet solutions that are easy to use, highly secure, and offer a variety of custom customizations that allow operators to better serve end users.

• Merkeleon

Merkeleon Software has been in the e-commerce market for over six years. Many years of improvement of the unique platform for electronic trading platforms allowed full scalability, flexibility, the possibility of individual customization according to each client’s needs, and the ability to withstand heavy loads. Merkeleon’s capabilities make it possible to implement the most unusual customer ideas; the platform is ideal for developing online auctions, electronic trading platforms (including crypto exchanges and NFT marketplaces), and industrial auctions.

• Exberry

Exberry is one of the first White Label cryptocurrency exchange solutions and concentrates on giving customers the most recent methods and tools. They offer an entirely cloud-based matching engine that can work with any kind of marketplace. Flexible pricing enables companies and business owners to invest their money in the most important features without sacrificing security. To accommodate the needs of growing traffic, the exchange can also be upgraded. Exberry’s technology enables low latency and large volume throughput.

• HashCash Consultants

HashCash is a multinational software firm that provides platforms, products, and services for White Label solutions in Blockchain, AI, Big Data, and IoT. With the help of HashCash Blockchain technologies, businesses can transfer assets in real-time for remittances, trade finance, payment processing, and other purposes. The firm operates BillBitcoins, a digital asset payment processor, and PayBito, a US-based exchange for digital assets. Additionally, they provide ICO services, exchange solutions, payment processor software, and specialized blockchain use case development. Through Blockchain initiatives and its investment division, Satoshi Angels, it promotes technological advancement.

• OpenLedger

OpenLedger is a complex ecosystem, a decentralized exchange that runs on the BitShares Blockchain. Through its custom solutions and services built on blockchain platforms, it provides a wide range of solutions for enterprises, governments, and non-profit organizations. In the case of Blockchain as a Service (BAAS), it offers a greater level of security, transparency, trust, and traceability, which are suitable for a wide range of business requirements and applications. Moreover, the company intends to create a White Label DEX that will be based on the White Label Exchange model.

• Devexperts

Devexperts develops software that automates transferring money, making investments, and trading securities. As part of the company’s projects, one can find solutions for online trading, management systems for financial documents, technical analysis products, and real-time market information services.

In addition to offering high-performance distributed systems for the exchange business, the company develops and offers a broad range of White Label solutions. These systems simultaneously process hundreds of trades per second for tens of thousands of online users. Furthermore, this company also creates large-scale client applications with complex user interfaces compatible with multiple monitors. Also included in the company’s arsenal are interactive Web applications with dynamic user interfaces and applications for a broad range of mobile devices.

• Scalex

Skalex is a business-level software development and consulting firm specializing in managing digital assets. With the help of their Bitcoin exchange software, exchange operators may easily create lucrative revenue streams. The Skalex White Label exchange solutions are made to be highly performant, extremely scalable, and customizable on a white-label basis. The company’s cxClient, which renders everything that investors (end users) see in their browsers, is one of the most well-liked White Label solutions for exchange organizations. 

• HollaEx

HollaEx is one of the most trusted White Label providers of blockchain-based exchange technology, infrastructure, price discovery systems, secure exchange server management, currency production, tokenization, and software development. Like its competitors, the company offers a broad suite of solutions for creating a crypto exchange based on the White Label model and with flexible pricing.

Conclusion

Creating a cryptocurrency exchange business takes work, especially considering the high level of competition in the market. White Label solutions, as never before, help you to master the basics of building, managing, and improving your crypto business, which ultimately allows you to attract new customers and expand your market footprint. Having such a powerful tool as WL solution in stock, you can easily and quickly get a quality product, which will become a source of good income.