The initial step is to make an informed risk assessment that understand the process and the intricate therein before venturing into the development of a cryptocurrency exchange portal. This stage entails analysis of the current digital currency market to validate one’s idea. This is where rigorous business analysis will be carried out.
This stage is where programmers create interactive web or mobile platform. This must be designed such that it can be easily assessed by customers and used for trading without any hassles. The blockchain technology forms the basis for this stage and a compelling design will go a long way in attracting clients to use the exchange platform.
Development involves securing the exchange platform to ensure it is fully functional. The development team which consists of blockchain technology experts and web programmers to implement the best methods to establish the design and functionality of the cryptocurrency platform.
The testing team performs various types of testing and performance analysis before going live. Quality assurance is very essential for the sustainability of the platform as an error can affect the credibility of the platform. This should cover minimum insurance against loss of customers’ transactions and other necessary activities involved in moving of money.