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Posted by smithmorgan on September 5, 2024 at 11:24am 0 Comments 0 Likes
Posted by smithmorgan on September 5, 2024 at 11:24am 0 Comments 0 Likes
Posted by smithmorgan on September 5, 2024 at 11:24am 0 Comments 0 Likes
Posted by smithmorgan on September 5, 2024 at 11:23am 0 Comments 0 Likes
Bitstamp is a Luxembourg-based and the world's longest-running crypto exchange (since 2011). Over this past decade, especially after the mid-2010s, cryptocurrency exchange platforms have grown multifold, harnessing blockchain technology's power.
Having watched the crypto space over the years, I can safely say that the trial-and-error phase of the crypto exchange market is over. Now, it’s time for the all-important action. If you’re an entrepreneur reading this blog, placing your bet on the Bitstamp clone might become a vital business decision. How, though? Let’s get into it.
How Vital is a Trading Engine for Crypto Exchange?
The crypto exchange's matching (trading) engine is its heart. It's an automated system that gathers all open orders and bids and matches them together to conduct trades. Its algorithms maintain track of all open orders, and if the two reverse orders are equal, both are filled, and the trade is completed. The matching engine's algorithms may execute a variety of orders, including market orders, limit orders, and stop-limit orders.
Here is how the Bitstamp clone offers a unique trading technology like no other:
• Efficient Matching engine - Ever since Bitstamp chose Nasdaq’s trading technology, it enjoyed a high degree of trading efficiency. Bitstamp also added financial-class features to its platform!
• High-volume Trading - Ensure that everyone indulges in trading without having to worry about the platform's scalability. Bitstamp clone’s efficient trading engine is compatible with good trading practices.
• Market Surveillance - With full market monitoring capabilities, the Bitstamp clone script provides scalable technological solutions to facilitate high-volume trading and prevent markets from manipulation.
Briefing A Bit More on Bitstamp Clone’s Security
End-to-end encryption is quintessential for any crypto trade/exchange. The need of holding assets in both hot and cold wallets is crucial for risk diversification. Because the location (an exchange) with a large number of crypto assets is a pot of gold for hackers all over the world, all security issues are given top emphasis. It takes time and money to avoid all of the important areas that could lead to a security breach.
Conclusion
Right then, you’ve decided to build a crypto exchange platform and kick-start your business. Just go and choose a White-label solution, like the Bitstamp clone, and start catering accordingly!
Visit us: https://www.appdupe.com/bitstamp-clone
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