Bitrump Launches Crypto White Labeling as Market Demand Grows

Bitrump, a UAE-based crypto platform, on Monday announced the launch of its white-label solutions, easing local digital asset exchanges’ efforts in starting operations.

The exchange rolled out these new services after rising demand from “many large banks and fin-tech companies based out of the UAE” for white label solutions and infrastructure for Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term their crypto exchanges.

Mentioning the white-label offerings, Raj Chowdhury, the executive director of Bitrump, said: “Bitrump has been offering its white label cryptocurrency exchange software and associated architecture to enterprises who are using the product to run their own crypto exchange.”

“What’s more interesting, is a sudden surge in demand from large banks and fin-tech companies, who wish to have their own crypto exchanges to meet their retail customer’s growing demands to trade in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.”

The announcement also detailed that Bitrump’s proprietary white label software packages include support for an array of popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Tether. Clients can also raise requests to add more digital currencies and can also customize their individual platforms.

2020 - the year of white labeling?

The UAE-based exchange is boasting about the security of its platform, which includes “bank-level encryption and security features to protect customer data from potential hackers.”

The white-label platform will offer an end-to-end solution with features like 3-point architecture, a hot wallet feature, a multi-signature cold vault, monitoring and logging, DDoS Mitigation, data encryption, firewall protection, identity, and access controls.

White-label platforms for crypto are gaining popularity lately as demands for such services are increasing. Huobi, a major Singapore-based crypto exchange, is already offering such services in the Middle East and North Africa (MENA) region, while players like Binance, BitFury, and KuCoin also entered the market with such offerings.