Fintech
TraderX Launching Innovative White Label Solutions for Cryptocurrency Exchanges
In 2020, CoinBase reportedly made $1.3 billion in revenue and had a net income of $322 million while 2021 was even higher at $1.8 billion in revenue and an annual net income of $3624 million. As appetizing as those profits might sound, creating a cryptocurrency exchange can be a costly and complex endeavor, and development costs are one of the main financial barriers to entry that can make it difficult for ordinary entrepreneurs to start their own exchange.
The costs of operating a cryptocurrency exchange can be mainly divided into 3 categories:
- Development Costs of the Complete Trading System
Cryptocurrency exchanges require specialized software to handle the buying and selling of digital assets. This software can be complex and costly to develop, especially for smaller exchanges and doesn’t include the costs for security systems.
- Long-term Fixed Expenses such as Wallet, Liquidity, and Server Operation Maintenance
Liquidity costs refer to the ability of an exchange to have enough funds so buyers and sellers can be quickly and easily matched. Other related costs include server and wallet maintenance, which both are to ensure trades can safely occur without issues.
- Human Resources Cost for R&D, Operational, and Technical Support
Hiring staff and keeping highly professional employees trained in both web3 and experienced in technical exchange support becomes more expensive due to the high demands of such individuals.
All these costs together can be extremely high and possibly price out an ordinary entrepreneur from creating their own exchange, making it almost impossible to enter the market and own a portion of the industry. These 3 costs can be greatly reduced by using label services. Enter TraderX.
TraderX, Your Turnkey Solution to Building A Cryptocurrency Exchange
Headquartered in Singapore, TraderX, a global blockchain and fintech company, offers a solution to the financial barriers to entry for creating a cryptocurrency exchange for ordinary entrepreneurs. The company provides turnkey solutions, which means that it provides entrepreneurs with all the necessary software and infrastructure for running a successful cryptocurrency exchange. This eliminates the need for entrepreneurs to develop their own technology and security systems, reducing development costs.
Additionally, TraderX provides liquidity solutions, which help ensure that the exchange has adequate trading volume and can attract customers. This eliminates the need for entrepreneurs to invest in expensive liquidity provision strategies. The platform also includes marketing and advertising tools that help entrepreneurs promote their exchange and attract customers, reducing the need for large marketing and advertising expenses.
The all-inclusive turnkey solution contains their comprehensive SAAS service and shared liquidity while the customizable packages are ideal for those who already have their own market making and liquidity for their trading pairs. The support services don’t stop there as marketing packages for new exchanges are also readily available, making TraderX undeniably useful for entities who aren’t interested in building a team from scratch for the various operations required of a centralized cryptocurrency exchange.
Having prominent and existing exchanges invested in TraderX and years of business experience within the field, the company offers its services at more reasonable rates compared to fellow competitors, making them one of the few options to thoroughly consider when looking for technical back-end solutions for new centralized exchanges. Enterprises can focus on the operations, sales, and marketing part of their exchange business without needing to onboard web3 technical staff for back-end development and network maintenance.
Deployment & Transaction Speeds Beyond the Industry Average
Applying for a banking or exchange license in applicable countries might take years but setting your cryptocurrency exchange shouldn’t. Based on cutting-edge technology and an innovative backend management system, TraderX seeks to revolutionize how exchanges should be and the minimal amount of time required to deploy an MVP and even shorter for the fully functioning version. With a minimal outlay of 1 month, all back-end work for perpetual futures, delivery futures, and other prediction markets can be up and running with assistance for both software and liquidity.
Speed isn’t just involving your ability to join the market. Competing services mostly provide an average API capacity of 100 transactions per second. This can drastically limit the scalability of an exchange’s business down the road. TraderX provides 10,000 TPS to avoid any bottlenecks at the API front and ensures clients can focus on running their exchange business regardless of how big they scale their business.
Goodbye to Absurd Fees
No longer are the days when integrating a new chain or trading pair on a weekly basis would be too costly to imagine. Clients who also wish to deploy their tokens on a variety of exchanges would also enjoy the added benefit and guidance from TraderX without the absurd time required for contract deployment or ridiculous fees. TraderX’s SAAS structure includes all back-end functionalities required for a functional working product. This also includes support for server hosting, supporting new chains for wallet management, and liquidity management for trading depth without clients needing to pay for each add-on.
24hr Technical Support, on the House
For anyone who might already have experienced using exchanges, you’d know if something could go wrong, they sooner or later will. 24/7 customer support is paramount for any black swan events that occur in the web3 industry. TraderX believes such emergency support for all who run exchange businesses should be the norm.
TraderX dedicates a team of professionals to provide prompt resolutions during duress. This is achieved by relying on the company’s in-house team of technical staff and customer support staff working as one during potential times of emergencies. Supported languages for emergency customer support are as follows: English, Japanese, Korean, Russian, Turkish, Chinese, Vietnamese, Thai, Indonesian, and Spanish.
TraderX & Security
Security is paramount for any centralized exchange to thrive. Almost half of the top hacks involving the most liquidity lost happened to exchanges for their poor security protocols and policies. All of these issues can be properly addressed with data encryption, hardware wallet management, and frequent security audits to test the robustness of the exchange’s security practices. TraderX ensures such practices are regularly taken, helping clients to avoid making similar mistakes that failed exchanges have in the past.
TraderX provides a comprehensive, cost-effective solution that eliminates the need for entrepreneurs to invest in expensive technology, security, liquidity, and marketing and advertising. This makes it possible for ordinary entrepreneurs to enter the cryptocurrency exchange market and start their own exchange, putting the future of finance within reach of your fingertips.
For more information, visit their website or email TraderX directly to speak with one of their representatives. Emails can be in any language and the right representative will respond promptly. The next bull cycle and mass crypto adoption by enterprises and governments. Are you ready to own a piece of the newly evolving exchange industry?
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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