Decentralized Exchange Development Services

Start your crypto business journey with our secure decentralized exchange development solutions.

What is a decentralized exchange (DEX)

Traditional cryptocurrency exchanges (CEX) and decentralized exchanges (DEX) differ significantly in the fact that there is no need to transfer your assets to a third party (classic CEX) to make trades. All assets remain on the user's private wallet and will not be affected even if the exchange is compromised.

Decentralized exchanges are more reliable and resistant to the risks of unauthorized access or hacking as they are not hosted on a single server. DEXes are spread across the distributed ledger, which makes the risks or server downtime equal to zero. Although CEXes stay popular nowadays, In the history of cryptocurrencies, there have been times when the volume of trade on the DEX exceeded the CEX, opening almost unlimited horizons to boost digital businesses.

Decentralized exchange software development services

Along with the development of the main decentralized platform, Innowise is ready to deliver separate solutions like scripts, smart contracts, peering exchanges as well as DEX-related applications. Below, we showcase the services we deliver to our customers.

Custom decentralized exchange development

Unlike standard off-the-shelf solutions that are already available on the Internet, custom DEX exchange software created based on unique functionality and tokenomics that reflect your personal expectations for your project. We create decentralized platforms from scratch with all features that customers are looking for.

White label DEX software development

This type of solution is based on a fully customizable platform where some features like theme, color, name, and logo can be modified according to particular business needs. Innowise is ready to deliver any type of such white-label decentralized exchange software regardless of the complexity and scope.

Decentralized crypto exchange script

Modern DEXes may include different sets of features and add-ons. We provide full-fledged platforms and build any scripts to empower our customers with more useful solutions such as token freezing mechanisms, DAO, access control for certain functions for users (to comply with local laws), lotteries, and other mechanisms to control the inflation of the main token.

Custom developed smart contract integration

With this type of integration, our team of skilled developers will add some key improvements to your current platform. In particular, this will facilitate transactions and add security significantly. Moreover, smart contract integration will contribute to higher data protection and privacy.

P2P exchange development

Peering transactions are becoming very popular as they shift the focus from centralized towards decentralized exchange facilities. Innowise team delivers all kinds of P2P exchange-related solutions that will enable your business to reap huge profits.

Decentralized app development

With the Innowise team, you can go even further and create any decentralized application to bring any of your ideas to life. With our profound assistance, you will not have to worry about the economy and technical part, as our deep expertise makes even the boldest ideas fly high.

Reasons to choose decentralized cryptocurrency exchange solutions

Innowise has 5+ years of experience in the development of blockchain-based solutions, including crypto wallet integration and payment gateway support. Platforms that we develop can boast user-friendly administrative panels, interfaces, and other customizable features, enhancing brand awareness and user engagement.

Effective admin panel

With a well-designed informative and easy-to-operate administration panel, businesses have instant access to key information about the platform's performance, which, in turn, allows them to take data-driven strategic decisions in the future.

Authentication

We understand how important it is to provide users with the best security practices. Our vetted teams employ cutting-edge technologies, and can add ways of identification to the project that go beyond the classical understanding of decentralization, such as soulbound NFT.

Complete transaction history

Both businesses and customers benefit from tracking all operations to optimize their gas fees. Innowise empowers all its products with this indispensable feature so that users have transparent insight into their transactions’ history.

Transaction processing security

We leverage all modern technologies, ensuring a substantial level of security to eliminate the slightest risk of fraud e.g. flash boats attack. While cryptography gives users a high level of protection, Innowise covers the rest.

Crypto wallet integration

The more wallet providers will be integrated with the DEX platform, the more users the business will be able to take on board. Our experts will connect various types of existing cryptocurrency wallets to any decentralized exchange seamlessly.

Fiat payment provider

Businesses frequently rely on payment gateway services to provide the ability to easily top up the user's wallet to interact with DEX. The solutions we provide allow customers to seamlessly integrate any existing services to conduct digital payments without any limitations.

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How much does it cost to create a DEX platform?

DEX development is an intricate process, which is affected by numerous factors, ranging from the choice of a platform to the way content is monetized. Therefore, we adhere to an individual approach intending to gain cost optimization and prevent budget overruns. Thus, the final price of a DEX platform will depend on the following factors:

Team size and structure

Tools and frameworks we use

The complexity of the solution

Timeframe

Why choose Innowise as a DEX development company?

With years of experience in the development of various blockchain-based solutions, Innowise provides its customers with top-of-the-line solutions. We are ready to develop decentralized exchanges with fully customized features to meet all the customers’ requirements, by leveraging all the necessary tools for management and support. We employ best development practices and techniques to deliver software solutions that skyrocket operational performance and bring high ROI.

Decentralized cryptocurrency exchanges allow users to conduct peer-to-peer transactions with no middleman within the cryptocurrency environment. As a result of such solutions, cryptocurrency owners can save control of their tokens, as well as enhance the privacy and transparency of their transactions. We build solutions that provide concrete financial benefits and contribute to the further decentralization of relationships between crypto owners.

Alexander Kalinovsky

Head of R&D Department,
Senior Architect at Innowise

Hire DEX developers

Innowise offers its customers a full range of turnkey services for first-class DEX development. With our deep expertise in blockchain-based decentralized solutions, we are ready to provide businesses with sophisticated DEX platforms or DEX-related scripts and applications.

When it comes to hiring DEX developers, we take a flexible approach to working with our clients. You can either hire a full team to build a platform from scratch or augment your existing team with our dedicated developers to work on an ongoing project. Due to this flexible approach, we boast a low employee attrition rate and quick team ramp-up, delivering superior solutions without delay.

Difference between centralized and decentralized crypto exchange

While both solutions are designed for the same purposes (exchange cryptocurrencies) there are still many differences between them. While CEX has strong governance, its decentralized counterpart offers more freedom to conduct payments and provides users with more control over their digitalized finances. Below, we highlight the main differences between centralized and decentralized exchanges.

CEX

DEX

Features and functionality

Centralized crypto exchanges offer more features to their customers. The list of the main options may include margin and futures trading, IEO launchpads, educational materials, various types of trading platforms, advanced market analysis tools, analytics, low threshold of entry, etc.

Decentralized cryptocurrency exchanges normally have a standard set of features that revolves around basic exchange operations between the user and the smart contract.

Security and safety of transactions, cryptocurrency storage

Centralized exchanges provide their customers with various types of storage, including so-called “hot” and “cold” options. However, after users transfer their cryptocurrencies to a centralized exchange wallet, they are no longer in full control over their finances. This may lead to losses if a centralized platform has issues with security.

With DEX solutions, cryptocurrency owners remain in full control of their own tokens as they have a private key. They do not transfer cryptocurrency to the platform’s wallet since tokens remain in their own wallets instead.

Diversity of crypto assets

CEX platforms can’t boast a broad range of crypto assets that are listed on such exchanges. To be included in the clip, a cryptocurrency should meet certain criteria that may vary from one centralized exchange to another.

Only assets on the same blockchain may be added to DEX in present models, however using wrapped tokens also enables exchange of assets whose underlying blockchain is distinct from the current one.

Fees

Centralized exchanges charge higher fees for their services. Moreover, users have to pay transaction commissions for transferring cryptocurrency to the exchange wallet and vice versa.

Commissions for interactions with decentralized exchanges depend on the cost of individual transactions in a particular blockchain, while the exchange itself charges lower commissions compared to centralized exchanges, because transactions are conducted between a user's wallet and a smart contract of the liquidity pool.

Regulations

Most CEXes are regulated by governmental bodies depending on the region where they provide services.

Decentralized exchanges require no regulation from governmental authorities and it will be able to avoid the regulator's attention for a while longer.

The decentralized exchange development process

The product evolves through a series of stages during the development life cycle, starting from analysis through development to maintenance. Innowise applies well-performing practices and its in-house expertise at each stage to ensure that goals are accomplished as planned.

Analysis and research

Tracking the most current trends in the DEX market and taking into account the focus of a particular project, our experts will develop a unique tokenomics, which will include: token distribution, vesting period, user flow, token flow, token usefulness, etc.

Design

After the UX designers have a clear sense of what the software will be like, logic, user portraits, the environment, and the device(s) that are involved, they visualize the logic, interaction, and interface of the product.

Development

At this stage, our skilled developers come into play. They create the software step-by-step by writing lines of code, leveraging best practices. We routinely review the progress towards the deadline and assess whether we're on track with it.

Testing

Before the project is finally deployed, our QA team conducts all the necessary testing procedures to reveal possible errors. Once this stage is done and all bugs are eliminated, the app is ready for the market launch.

Deployment

Once we are sure that the application is 100% ready, we start the deployment phase. Innowise provides the customer with all necessary documentation and access to manage the solution independently.

Ongoing support

We never leave our customers without post-launch maintenance and provide ongoing lifetime support. Our experts are ready to step in at any moment so that our customers’ users keep benefitting from a seamless DEX trading experience.

Our customers on working with us

Innowise has built an amazing application from scratch in an amazingly short time of just about 3 weeks. Their seniority and in-depth experience in this field make them valuable partners.

Johannes Schweifer CEO CoreLedger AG

Innowise is a reliable tech partner, working as a part of our team. They are hard- working professionals, bringing strong expertise and dedication to everything they develop.

Jeff Mallett CEO Web3 Pro

We’re elated to be working with Innowise on this exciting project. Together we will build some of the most amazing play-to-earn sports games in VR and take players on an incredible adventure.

Tom Peters Senior Director, PR TNNS Pro

Related cases

FAQ

How does a decentralized exchange work?

A DEX allows users to conduct peering transactions without any intermediaries. Decentralized exchange customers have full control over their private keys and cryptocurrencies/tokens. Platforms of this type are based on self-executed smart contracts.

What is the DEX platform?

A decentralized exchange is a peering marketplace where users conduct transactions with smart contracts with no intermediary. DEXes are non-custodial platforms, meaning their customers remain in full control of their private keys during their interaction with such marketplaces.

How long does it take to create a DEX platform?

The overall time of the development process depends on a wide range of factors, including the features and functionality that a particular end product should have.

How does DEX work from a user’s perspective?

Decentralized exchanges allow users to conduct transactions with automatic market maker transactions without any middlemen. Going further, such an approach allows traders to manage their digital finances using private keys without transferring money to the exchange’s wallet.

Need other services?

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Smart contract development

We provide all services related to a smart contract, from building architecture to deployment on the mainnet.

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Innowise develops and implements a wide range of custom solutions for various industries.

IT staff augmentation

Opt for team augmentation services to expand your in-house expertise and facilitate the IT project process.

Audit and consulting

Our experienced consultants will ensure the relevance and proper use of technologies in your project..

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What happens next?

Having received and processed your request, we will get back to you shortly to detail your project needs and sign an NDA to ensure the confidentiality of information.

After examining requirements, our analysts and developers devise a project proposal with the scope of works, team size, time, and cost estimates.

We arrange a meeting with you to discuss the offer and come to an agreement.

We sign a contract and start working on your project as quickly as possible.

Decentralized exchange development services

What is a decentralized exchange (DEX)

Decentralized exchange software development services