Table of Content
What is Kraken Clone Script?
Kraken clone script is a pre-built crypto exchange solution that allows startups to customize it and launch a crypto exchange under their own branding. It consists of an array of trading futures and tools that help users to easily buy and sell cryptocurrencies. It comes with robust security features such as Two-factor authentication, Cold storage, and Data encryption to provide a secure platform for traders.
Why Should You Choose Our Kraken Clone to Create a Crypto Exchange?
To choose our solution, you must be attracted to our features and functionalities of our Kraken clone. Here’s where we listed out our iconic benefits for your business.
10x Faster Development10x faster your crypto exchange development with our solution, as you don't need to build from scratch. Everything was developed and tested. Just a few customizations and launch it live.
All-in-One Package
You don't need to worry about building for multiple devices as we provide everything from a Powerful admin panel, a Website, a Kraken clone App for Android, iOS, and a Web app.
Ready to Deploy Platform
Launching your own crypto exchange is just a few steps away with our ready-made and customizable solution. Just customize the crypto exchange script based on your business requirements and launch the exchange under your brand name.
Fully Customizable Script
Never worry about the technical knowledge to customize the script. We have built our script with more flexible settings that can be easily customized to suit your business’s needs.
Reliable Solution
We have created our script with reliable code that can handle millions of trades at a single point in time and works seamlessly without any hassles.
Easy Integrations
Appticz’s Kraken exchange clone can be integrated with various APIs to bring in more functionalities and make the platform easier to use.
Key Features of Kraken Exchange Clone Script
Our Kraken clone has feature-packed stuff built into it. Here’s the list of our hand-picked features that suit your business and are scalable.
Powerful Matching Engine
Millions of trades can be done by the users within a second without any hassles. We have designed our trading engine in a way that it can handle a large volume of transactions per second (TPS) and run seamlessly.
User Dashboard
Users can manage their account and trading information, such as trade history, watchlist, and Crypto funds, within a single dashboard.
Wallet Integration
Users can either make use of in builts wallets or connect their wallets to transfer funds and trade them.
Multiple Order Types
Our script has been designed with multiple order types for spot trading, such as market, limit, and stop-limit orders. Users can make use of these order types to gain profits.
KYC/AML Compliance
Our script comes with built-in functionalities such as Know Your Customer (KYC) and Anti-Money Laundering (AML) to verify customer identification.
Multi-Currency Support
Users can easily trade using multiple cryptocurrencies like BTC, ETH, etc, and even fiat currencies like USD, EUR, etc.
Order Matching and Trading Engine
Leverage the latest algorithms to match buy and sell orders based on their set price and quantity, making the trading process more efficient.
OTC (Over-the-Counter) Desk
Enhances efficiency for large, direct trades outside the public order book, improving token timing.
Live Trading Charts
Our script has access to real-time market data for their users to make informed trading decisions and implement strategies.
Payment Gateway
Users can add additional payment options that enhance transaction efficiency and user convenience using cryptocurrencies and fiat currencies.
Security and Compliance
Security is a major threat to every crypto exchange. It is solving the way of incorporating proper security protocols like 2-factor authentication, TLS 1.3 encryption, offering a cold wallet storage facility for the user's hands, and DDoS protection prevents network attacks. Along with these security protocols, our Kraken clone complies with the following common legal adherence of compliance with the system's respective legal regulatory authorities.Advanced Trading Features
Most professional traders expect advanced trading features for their trading sessions. For that need to be satisfactorily met, these trading tools need to be incorporated with it, like
Spot Trading
Enables crypto users to buy and sell at current market prices, which will enhance your platform's liquidity. Admins can access it to alter the trading pairs when necessary.
Futures Trading: Allowing users to bet on future prices, and during a set that leverages expiration time or not
Margin Trading
With this feature, users can leverage their borrowed funds to trade without hassle, enhancing trading positions and ecosystem growth.
Staking
Users can lock tokens for a certain time to redeem rewards, improving security and trading positions.
Security Centric Features of Kraken Clone App
Here, we list the curated list and necessary security features for the Kraken clone app.
1. Two-factor authentication (2FA) for user accounts ensures secure access.
2. End-to-end encryption for data protection, safeguarding user information.
3. Cold storage wallets for secure storage of funds, reducing the risk of hacks.
4. DDoS protection to prevent network attacks, ensuring platform availability.
5. Regulatory Compliance Frameworks: To follow the global AML/CFT, certain authorities adhere to the legal regulations to avoid discrepancies.
How Does Kraken Clone Script Work?
Here’s the comprehensive step-by-step working mechanism of the Kraken clone.
User Registration
Users can register through their email or phone number and create an account on the platform. Once the user has been registered, he or she need to verify the account to get full control of their account. This identity verification helps the platform to secure your account and comply with the regulations of the exchange.
Connect Wallet
Users can either make use of the built-in crypto wallets or connect their own exchange to buy and sell cryptocurrencies. You can either deposit fiat or crypto funds into your wallet to trade cryptos.
Buy and Sell Cryptocurrencies
Once you have added funds to your wallet, you can trade on the spot exchange or from other verified users via peer-to-peer trading.
Business Benefits of Using Kraken Clone App
Kraken clones offer more benefits to entrepreneurs than the traditional way of building an exchange. Here we list them,
Faster Launch
Launching your crypto exchange is much easier with a Kraken exchange clone, as everything was already been built and tested, waiting for just a few customizations based on your business requirements, and deploying it into the market.
Lower Development Cost
The cost of developing the crypto exchange is much lower when compared to building it from scratch, as there is no cost involved for infrastructure, Developers, etc, just buy the script and customize it.
Reduced Risk
When building an exchange from scratch, you need to do several types of testing in order to ensure that your platform is out of risk, but when using a white label exchange solution, there is no need for testing as the script has already been tested and certified. It ensures that your platform is out from malicious attacks and technical glitches.
Customization and Scalability
Our Kraken exchange clone app script is flexible to add tailored features to your unique business needs. As your platform grows, it can scale to accommodate more users and higher transaction volumes without requiring a complete overhaul.
Proven Business Model
Kraken is one of the leading crypto exchange platforms. Leverage our clone script according to your business goals to prove your business is effective and likely to attract users and generate revenue.
Revenue Streams of a Kraken Exchange Clone
Our Kraken clone can potentially generate revenue from different sources. We break down the key revenue models
Trading Fees
Users can buy or sell crypto assets with maker and taker fees. These charges range from around 0.1% to 0.25% on each trade.
Listing Fees
If a user who has been looking to list their token or coin on your platform charges you for this process. This process is about a one-time or recurring fee for token exposure and liquidity provision.
Staking Rewards
Someone who uses staking to stake their assets for rewards can charge a percentage of the staking rewards as a fee.
Interest on Held Funds
Accumulate earnings from investing or lending out the crypto and fiat funds held by the exchange.
Premium Services or Features
Additionally, you can generate revenue by incorporating features and functionalities for premium plan subscribers, such as margin trading, futures, or lower fees for high-volume traders.
How to Get Started Crypto Exchange Platform Like Kraken?
Effortlessly launch your crypto exchange 10 times faster than developing from scratch with our white label solutions.
Business Requirements
Talk to our business analyst and get the complete details, a demo of our Kraken clone script. If it matches your business requirements, then get started with your project.
Choose a Technology Stack
Pick your right tools and technologies that build your platform in a more scalable, secure, and efficient way in all aspects. Here, the step-by-step process
Frontend: React.js for a dynamic and responsive user interface.
Backend: Node.js with Express.js for server-side logic and API handling.
Database: PostgreSQL for structured data like user info and transactions.
Blockchain: Web3.js for interacting with cryptocurrency networks.
Security: SSL/TLS for encryption, bcrypt for password hashing.
APIs: RESTful APIs for internal communication, third-party APIs for market data.
Implement Core Features
To get a perfect crypto exchange, you’ll need some features to incorporate into it to achieve your goals. In that respect, you’ll incorporate needy features like user authentication, multi-sig wallet support, trading functionality, and admin and user dashboards.
Branding and Customization
Now customize the platform based on your branding on your own or with the help of our developers. You can also add additional features or APIs to the platform and launch it into the market. Submit the apps in the Google Play Store and the Apple App Store.
Testing and Deployment
Conduct rigorous testing on multiple things, like performance, functions, phishing, and social engineering, to rid the bugs and glitches. Once all problems are sorted out, your platform is ready to deploy for public use.
Start Marketing
Do the best marketing for your exchange to get the users. Promote on various social media channels and run different campaigns about your exchange.
Maintenance and Support
We provide 24/7 support for your platform in case of any issues and rectify it. We periodically update the software of the platform to match all the versions and devices.
Why Wait? Launch Your Own Crypto Exchange With Our Kraken Clone Now!
Launch your Crypto Exchange With our Advanced Kraken Clone
Appticz is a leading crypto exchange development company in the fintech landscape that has delivered advanced cryptocurrency exchange software solutions where users can buy, sell, and trade tokens, cryptocurrencies. We have developed a Kraken clone script to let business owners build an exchange similar to Kraken instantly.
As Kraken Clone is a ready-made crypto exchange script, the time to launch into the market and the cost to create a crypto exchange are very low. Entrepreneurs who are planning to develop a crypto exchange like Kraken can choose this solution and gain the utmost benefits.
See the live working demo of our script and get started with your crypto exchange project. Request a free demo today!
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