The rapid rise of cryptocurrency has attracted angel investors, leading them to buy digital assets in large amounts. Not sure what that means? It’s simple—Over-the-Counter (OTC) crypto exchange platforms allow experienced traders, entrepreneurs, and investors to purchase cryptocurrencies in bulk. Because of this, more startups are now interested in building OTC crypto exchanges.

However, developing an OTC exchange is not an easy task—it’s like training for a marathon. It requires careful planning, the right resources, and a strong commitment to reach the goal.

For new startups, the biggest challenge is often estimating the cost of building an OTC exchange. Several factors affect the total expense, including technical development, legal licenses, and insurance. So, let’s explore the overall cost and the key factors that influence OTC exchange development.

First, let’s take a closer look at…

What is OTC Crypto Exchange?

An OTC (Over-the-Counter) crypto exchange is a platform where large amounts of cryptocurrencies are bought and sold directly between two parties, outside of traditional exchanges. It offers better liquidity, privacy, and personalized service for high-value transactions.

OTC trades occur privately, avoiding public exchanges, which helps reduce market impact and allows for more flexible negotiations. OTC crypto exchange software connects buyers and sellers, often with intermediaries, to ensure smooth and secure transactions.

Benefits of Developing an OTC Crypto Exchange Trading Platform

The growing demand for Over-the-Counter (OTC) crypto exchange platforms stems from their unique advantage of price flexibility. In OTC exchanges, traders have direct access to the OTC admin for trading. The admin holds the authority to set prices and manage the transaction process. But how do these exchanges generate profits?

OTC crypto exchanges earn revenue through several channels. The admin typically makes a profit from trading fees during transactions. Another significant profit avenue is the spread, where the admin buys assets at a lower price and sells them at a higher one. Additionally, OTC exchanges provide higher liquidity, which translates into more trade executions and, consequently, higher profits.

Another key advantage of OTC crypto exchanges is their ability to support increased scalability and liquidity. By developing your own OTC trading platform, you can offer multi-currency trading, similar to established exchanges like Kraken and Coinbase Prime. This attracts a growing user base and ensures a stable financial foundation for your business.

Factors Affecting the Cost of Building an OTC Crypto Exchange

1. Feature Selection: Adding more features makes your platform better and more attractive to users, but it comes with additional costs. However, it’s an investment that will pay off in the future.
2. License and Regulatory Fees: To run an OTC exchange legally, you need a license and a certified payment gateway, which add to your costs.
3. Technical Requirements: You’ll need the right software, hardware, and a skilled team to build and maintain your platform, which can also impact costs.
4. Multi-Platform Support: To reach more users, your platform should work on Android, iOS, and web, which increases development costs.
5. Development Method: Building from scratch is more expensive and time-consuming, while using white-label software is faster and cheaper.

How Much Does it Cost to Build an OTC Cryptocurrency Exchange with Opris?

The cost of building an OTC crypto exchange varies based on several factors, and your financial needs will help determine the best and most cost-effective approach. You have two main options: building from scratch or using white-label OTC exchange software.

1. Building from Scratch
   Developing an OTC exchange from scratch involves creating everything from the ground up, which takes more time and money. This method offers complete customization but requires a longer development period. The cost for building from scratch with Opris ranges between $80,000 and $1,000,000.
2. Using White-Label OTC Exchange Software
   White-label software is a pre-built solution that can be quickly customized to your needs. It’s a faster and more budget-friendly option. The development cost for using white-label software for your OTC exchange is between $15,000 and $18,000.

This comparison helps you choose the method that best suits your budget and business goals. At Opris, we focus on providing cost-effective and high-quality solutions, especially for startups looking to enter the crypto exchange market.

Why Choose Opris for OTC Crypto Exchange Development?

At Opris, we prioritize customer-friendly practices. Whether you choose to build your OTC crypto exchange from scratch or use white-label software, our expert team listens to your ideas before we begin development. We carefully select the best technology based on current trends in the industry to meet your specific needs.

Our development process is streamlined and professional, ensuring smooth progress at every stage. Additionally, our experienced testing engineers make sure your OTC trading platform runs smoothly without any delays. We also offer ongoing support, helping your business grow and stay on track.

You won’t need to worry about real-time monitoring or maintenance – our team handles that too. All of this comes at a cost-effective price, making it a great option for startups. If you’re looking for a reliable partner to create your OTC crypto exchange professionally, Opris is the right choice for you!