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SINGAPORE, February 08, 2019 /24-7PressRelease/ -- Blockchain App Factory, a leading company in the domain of customizable white label cryptocurrency exchange development, offers solutions to the liquidity problem that is detrimental to the growth of the crypto trading sector. For long, cryptocurrency exchanges have faced issues with enabling efficient liquidity options that helps traders convert assets from cryptocurrency to fiat currency and vice versa.
"The interest in cryptocurrency has grown at a fast rate over the past couple of years. However, trading outlets have not been able to capitalize on this popularity owing to factors such as accessibility, high fees and low liquidity," a spokesperson from Blockchain App Factory summarized.
Blockchain App Factory focuses on creating a conducive environment for trading by developing white label cryptocurrency exchange platforms for entrepreneurs that come equipped with efficient liquidity options. These platforms can be customized to meet the business requirements of the client. Popular cryptocurrencies such as Bitcoin, Ethereum and Ripple as well as ICO and STO tokens are supported and can be exchanged on these cryptocurrency trading platforms.
"People are beginning to understand the advantages of cryptocurrencies and this is mirrored with the exponential growth this digital asset has experienced since 2017. This market is not showing any signs of slowing down and the future looks very bullish," a spokesperson from Blockchain App Factory added.
Currently, the global crypto trading trend is expanding tremendously due to the demand for white label exchange software. A report suggested that trading of cryptocurrency will experience a growth rate of 50% in 2019 and a CAGR of 9% through 2028. It is also estimated that the present cryptocurrency trading volume is pegged at a whopping $7.3 trillion.
These statistics point towards the growing preference of cryptocurrencies and hence, developing an exchange is a lucrative option for the crypto-age entrepreneurs
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