Why to start centralized Exchanges ?

Posted by bitdeal on July 27th, 2022

Reasons for choosing Centralized Exchanges
The key reasons why we still supports for centralized exchanges over decentralized one are as follows :

1 . Trade Volume
Researches shows that still 99 % of crypto trade happens on centralized platforms . This shows that the trade volume of CEX over DEX is higher and starting a centralized exchange will never make for low ROI.

2 . Liquidity
As centralized prevails in market for a longer time than decentralized one , the liquidity of centralized exchanges are more than DEX . Thus , starting a centralized exchange at this time will make high traffic.

3 . Fiat Currency Support
Some centralized exchanges supports for the exchange of fiat currency which DEX will not do .This may increase the traders volume , who has fiat currency and willingness to buy/trade cryptocurrency .

4 . Functionalities
CEX has more functionalities than DEX such as margin trading , currency pair trading , lending and lot more which DEX doesnot provide . This may increase users towards your exchanges.

5 . Legal and Regulation
CEX can be made legal and regulated by the government and most of the existing CEX are regulated . Governments are unable to interfere for regulatory and legality of DEX because of its distributed nature .

How to start centralized Exchanges ?
I think now you are clear why to start Centralized Exchange and not DEX . Isn't It ? . Well . Now let us look at the steps to start centralized exchange .

Exchange Scripts are the back-end codings that makes exchange work well . If you are techie at programming , you can code on your own to start a centralized exchange .Another way is to contact an exchange script provider who can help you with centralized exchange scripts to start your exchange business

Get White Label Centralized Exchange Script from Bitdeal now !!

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bitdeal
Joined: November 15th, 2018
Articles Posted: 27

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