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This podcast covers how to create an exchange and why it is better to use a white-label exchange. It also covers the real-world advantages.
Cryptocurrency exchanges are the banks in the crypto space. They have underlined their importance to the movement and trading of cryptocurrencies amidst regulatory challenges. Due to the myriad of issues that have surfaced because of the growing importance of crypto exchanges, crypto startups have to deal with the lack of visibility on their projects.
But, this is far from the truth. Starting with a white-label exchange is as simple as creating a website with WordPress or WIX without any advanced skill level. You can use tools like ChainUp and HollaEx to create a crypto exchange. It's that simple. In summary, you can fork a suitable open-source codebase from HollaEx or Uniswap from GitHub and add your unique features to launch your platform.
HollaEx undoubtedly deserves its mention among the top 5 white-label crypto exchange solutions out there. It is not just a white-label exchange; HollaEx is an open-source crypto kit that seamlessly connects your business to the blockchain ecosystem and allows for seamless coin creation, pricing, marketing and coin distribution.
HollaEx told Cointelegraph, “It is typical for new technology rollouts to have bugs and apposition but that’s exactly why it was made voluntary.” “I suspect there will be more bumps along the road for El Salvador but it will be worth it long term. In fact, I believe other South American nations aren’t far behind and will follow”
Like in the gold rush era, crypto exchanges are the “shovel and pick sellers” of the booming crypto industry. Crypto exchanges are a major way to capitalize on the multi-billion-dollar crypto industry because most crypto activities happen on exchanges, infact 95% of activity are on these exchanges. However, building a crypto exchange comes with many complications and costs before it is ready to launch.
