The 13 Stages Of Cryptocurrency Exchange Development

1. The 13 Stages Of Cryptocurrency Exchange Development

2. Stage 1: Market Research & Analysis Stage This is the first stage of entering into cryptocurrency exchange development. In this stage you should go through a deep research & analysis about the current market of the cryptocurrency trading industry. After the research he/she should find out the loop holes, and failure points that are not focused by the leading player in the cryptocurrency market.

3. Stage 2: Ideology Stage In this stage you should make an idea based on the research, and should enlarge it with several business modules to stand out from the competitive market place. To beat the competition the idea should be unique.

4. Stage 3: Plan Deriving Stage Here you should derive a rough cryptocurrency exchange business plan by connecting all the business modules that are listed out during the ideology stage.

5. Stage 4: Finding The Technical Resources Online After deriving the business plan, you should browse for online resources, technical resources, companies, software services providers, and technology service providers.

6. Stage 5: Outreach a Cryptocurrency Exchange Development Company Extract the top three cryptocurrency exchange development companies and contact all the chosen companies via direct call, message or email. Analyze how they are responding and choose one company who could meet your requirements both financially and technically. Check out their portfolio, and their growth graph in the cryptocurrency industry.

7. Stage 6: Escalating The Business Requirements After reaching your desired company, escalate your business requirements, and make a friendly contact with their team & representatives to discuss in detail about your project.

8. Stage 7: Scope Discussion & Finalizing the project Discuss the scope, technical resources, and confirm the project.

9. Stage 8: Business Plan Presentation & Project Team Allocation In this stage the company would bring you a business plan as a road map presentation & let you know the resource allocations.

10. Stage 9: Storyboard Preparation based on the modules After allocating the resources, the escalated business plan will be prototyped as a wire frame. And then all the below process will be done through the waterfall model.

11. Stage 10: Design Stage The full fledged development process will be done, each design stage will be proceeded into the next stage after the proper confirmation from both client side and the technical team side.

12. Stage 11: Development Stage Converting the website design into the development process. Proper testing will be proceeded after the completion of each module.

13. Stage 12 : Testing Stage After the completion of the entire website it will be loaded into the local server, to check whether all the functionalities are working properly. If there is any bug occurring, the phase 10 and 11 will be proceed again until solving the bugs.

14. Stage 13 : Deployment Phase & additional Changes After testing the developed cryptocurrency exchange website and its functionalities it will be hosted with the support of DevOps Team. Continuous monitoring will be done until there are no additional changes needed from the design and development side.

15. The above 13 stages are essential in the development of cryptocurrency exchange. do you want to start your own cryptocurrency exchange business, then contact Bitdeal cryptocurrency exchange development company, they provide cryptocurrency exchange script at an affordable price.