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steps to follow for setting up a Cryptocurrency Exchange Software

After the RBI (Reserve Bank of India) confirmed that there is no ban on cryptocurrency exchanges or crypto trading in the country post the Supreme Court’s judgement on March 4, 2020, it has come as a sigh of relief to the growing crypto community.

Here are steps to follow for setting up a Cryptocurrency Exchange Software

  • Acquire an operational license and comply with all the procedures involved in registration and approval.
  • Undertake KYC (Know Your Customer) and AML (Anti Money Laundering) of all your customers to ensure complete authenticity and no malicious practices.
  • Team up with a payment solution provider to ensure fast clearance and settlement of fiat funds. It should also facilitate P2P remittances.
  • Boost liquidity for your platform by increasing the number of crypto coins on your exchange and establish API’s with the leading crypto exchanges in the market.
  • Ensure top-notch safety of your users’ data and funds to ensure utmost privacy through measures like two-factor authentication, anti-DDoS protection, jail login, and password-protected user access.
  • Render a proper grievance redressal mechanism by offering prompt customer service to ensure the loyalty of your users. 

Partner with high-skilled technical experts for offering a customized Cryptocurrency Exchange Development to ensure a secure and user-friendly platform in no time.