Crypto Next has announced its white label offering, whereby users can create their own crypto exchange in “a matter of hours”. The announcement was made at the Inside Bitcoins conference in Tel Aviv earlier this week by the company’s co-founder, Sharon Greenberg.
The platform is in public beta in five languages and supporting ten currencies, with more promised in the coming weeks. A new exchange can be tailored to these aspects, and select which trading features to offer.
The announcement comes nearly at the same time as Mimetic Solutions unveiled their white label offering. As the crypto trading industry evolves, we are likely to see additional offerings of increasing competitiveness, as has transpired in the more mature FX trading industry.
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What’s more is that operators can even launch their own coin on their exchange. While new coins can be generated within minutes- and in light of the hundreds of coins already out there, may carry a trivial value- the feature can nevertheless give an operation a unique flavor. Operators can leverage their coin for things like rewards/points (and offer incentives like discounts/rebates for trading in it) and strive to build an ecosystem around it.
Crypto Next has reportedly signed contracts with exchanges in Spain and Greece.
As a promotion, the company is giving away 50,000 “Crypto Next Coins” CXC, said to have an issue value of $50,000. The coins can be used in lieu of fees normally paid.