It is a trend among the entrepreneurs to adapt or to recreate the business model of already existing applications which is successful and popular. People who know about cryptocurrency would definitely know about Binance as it is one of the most popular and highly successful exchanges in the market. Handling cryptos worth millions of dollars daily, Binance sets a benchmark for all other exchanges. There are many clone software available in the market which are promoted as Binance clones are the first to get approached by the entrepreneurs if they’re intended to start a cryptocurrency exchange. To adapt the tag Binance clone the script or the software should possess some essential features.
Trading Engine:
Trading Engine is the heart for any type of exchange software, So it is important to identify the capacity of the trading engine and the ability to handle the vast amount of transactions.
Order types:
By default, it is mandatory for a cryptocurrency exchange software to possess the essential order types. Limit order, Market order and Stop limit orders are the three major needed types of orders.
Captivating UI:
The exchange software similar to Binance should possess a captivating UI. UI is the first thing that the user or the trader will notice. The UI should be simple but attractive and easier for the user to manoeuvre.
Security:
Security should be like a skin for an exchange that should not be penetrated. A direct breach and indirect breach should be avoided and the system should boost the confidence of the user who uses the exchange with its security setup. Other than the mandatory 2FA, Withdrawal confirmation and other features, the internal security tuning should be done for the wallets and for the cryptocurrencies.
Apart from the essential features pointed above there are some of the advanced features available in Binance like P2P cryptocurrency exchange, token launch pad, margin trading and other features can be optional but it should be offered by the respective bitcoin exchange platform software provider to scale the exchange in a good and efficient manner.
Bitcoin exchange platform like Binance is offered by Hashogen Technologies which is one of the leading companies that offers solutions and services related to cryptocurrencies and Blockchain. At an affordable price and with a clear instruction during setup and after installation support Hashogen Technologies will be a good tech partner for the entrepreneurs who want to start an exchange like Binance.
