Could you call yourself a supreme Crypto exchange with Leverage or Margin Trading missing from your service line? Look around and see for yourself almost all exchange platforms. That is worth their name and permits their users to trade crypto with leverage.
BitMEX, OKEX, Kraken, Poloniex, Bitfinex - entitled one and you will find them calling traders from the rooftop with a big board mentioning reporting - "Leverage or Margin Trading".
So why not take that additional step and add coding to your menu as well? It will be amazing, to express the least! So now, the next question - an important one indeed what to expect in an advanced Crypto exchange with margin trading?
Simple trading interface
This interface permit traders to perform complex trades with a simple interface. Applying leverage to trade should not accept more than a click or two. Whether it is a limit or market order. Designed for efficiency and user-friendliness, the platform should support even a first-rate trader to trade in a risk-free manner.
Multi-layer security
Two important features the cryptocurrency exchange with market trading just can't survive without two-factor authentication, and the wallet is underpinned by a multi-signature feature. 2FA, as you may be familiar with, lets users go ahead with a transaction only after they input a code sent to their smartphones. A multi-signature wallet is a configuration needing approval from at least 2 devices to permit a transaction.
Thanks to this configuration, thieves will unable to steal even if one of the devices has been stolen or hacked.
Web-protocol security contains:
- HTTP Strict Transport Security (HSTS) — provide all browsing sessions have HTTPS protocols
- X-Frame-Options — protection against clickjacking attacks
- Content Security Policy (CSP) — precludes XSS attacks
- X-XXX-Protection — restrains against cross-site scripting attacks
Support for avant-garde order types
As a battlefront cryptocurrency exchange, you should permit traders to execute cutting-edge orders along with buying/selling cryptocurrencies. Advanced orders bring together conditional orders & basic order types. Such orders contain stop limit buy orders, stop loss take profit orders, stop loss take profit limit orders, trailing stop buy or sell orders, trailing stop limit buy or sell orders and much more.,
Risk Management
The ability to clock yields manifold in margin trading. So is the risk of making a loss. Using leveraged margin trading with suitable risk management enables your customers to reduce losses. There should be a system to place a stop loss. Filtering trades using a risk or reward ratio also assists to keep things under control.
Summing up
Having advanced leverage and margin trading software is a profitable step for you as well as your traders, allowing you both to earn. However, to reap the full benefit of such a software script, make double sure that the platform has all the necessary features that make it qualify as a next-generation tool.
If you are planning to develop margin trading software, Maticz can assist you. Backed by a team of proficient blockchain innovators and financial experts, we can offer you enriched margin trading software fortified with all essential components. Connect with our subject matter experts to share your business needs
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