Collect&Exchange:- Building a full‑featured crypto exchange from scratch is challenging and generally involves three pillars. The Core Technology that involves Matching Engine & Order Book, liquidity providers which involves tying to external exchanges or market‑making bots and the most troublesome – compliance & operational regulatory approvals.
In a bid to help businesses and users to build crypto exchanges easily, Astana‑based fintech firm Collect & Exchange has officially unveiled a white‑label SaaS solution.
Collect&Exchange’s Saas solution will enable businesses in North America, EU and Middle East, to launch their own branded cryptocurrency exchanges in a matter of 7 days. The platform, fully licensed by the Astana Financial Services Authority (AFSA), promises rapid onboarding of users coupled with comprehensive compliance tools.
The timing dovetails with Kazakhstan’s broader push to bolster its crypto‑financial ecosystem. On June 30, the country’s local agency reported that the government is considering the establishment of “national crypto reserve under the National Bank of Kazakhstan”. This follows after Prime Minister Olzhas Bektenov announced that the establishment of “CryptoCity.”
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Can you Build your own Crypto Exchange Automatically?
SaaS stands for Software as a Service. Instead of building and hosting software yourself, it involves subscribing to a provider’s ready‑made platform. This is what Collect&Exchange’s SaaS is built for, however, for crypto exchanges.
Unlike one‑off software purchases, Collect & Exchange’s turnkey service offers a fully managed, cloud‑native exchange environment. The Saas Solution is an updated version of its internal payment engine that it worked on four years ago. According to the company, after using its proven set of tools and functions, “all that remains is to apply your logo, choose the colour scheme of the solution.”
Clients gain access to an advanced, customizable dashboard that supports over 1,500 trading pairs between major fiat currencies and leading crypto such as Bitcoin, Ethereum, Tron, and tokens on Binance Smart Chain.
This breadth of support will allow businesses in sectors from e‑commerce to gaming to build their preferred exchange infrastructure from scratch.
Further, what it really simplies is the automated compliance – central to its SaaS offering. It has built‑in KYC/AML workflows leveraging modern identity‑verification protocols. This will enable both retail and institutional clients to complete regulatory onboarding in as few as 48 hours.
White‑Label Exchanges Are a Growing Trend
Collect & Exchange’s new SaaS solution joins an established roster of white‑label platforms that let businesses spin up branded crypto exchanges quickly. For example:
Binance Cloud, launched in February 2020, offers partners Binance’s matching engine, liquidity, custody, and compliance tools. It allows the crypo exchange to be built and go‑live in 3–5 days.
Independent vendors like HollaEx, AlphaPoint, Velmie, Antier, and PayBito have also been providing turnkey or open‑source exchange kits for years.
However, even though the white‑label SaaS reduces the time‑to‑market and capex hurdles but breakout fame and scale of such exchanges ain’t that common. Certain execeptions include the Mandala Exchange, the very first private exchange on Binance Cloud and Tokocrypto, the first Indonesian exchange on the same Binance infra.
Further, there exists certain discrepancies too as most of the white‑label spin‑out exchanges have kept their P&L figures private.
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Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.