If You Owned a Crypto Exchange, What Feature Would You Add First?

[coupable]

In addition to what others said about transparency and clear detailed terms of service, helpful active support, high liquidity, and the ability to execute many orders (perfermance), I would like to see a peer to peer (P2P) trading feature in addition to spot trading.

And if I am a new comer to the crypto field, i will be satisfied when finding a Demo account feature that can help me try all features without using real money.

[m2017]

"If You Owned a Crypto Exchange, What Feature Would You Add First?" - I don't know which function I would add first, but I'm pretty sure which function I would remove from crypto exchange - it's KYC.

There are many trading platforms today, but only a few feel truly user-focused. If you could create your own crypto exchange, what is the first feature you would prioritize to make it stand out?

An exchanger without KYCs would stand out from the crowd, and it would be a truly user-focused exchanger, not one that "dances to the tune" of the regulator.

Lower fees, faster support, better mobile experience, or something completely new?

Not new, but the well-known, hating old KYC.

Share your thoughts.
I’m collecting real user opinions to understand what traders value most.

I think the idea of ​​exchangers without KYCs is already utopian in today's world. It would only be possible if the exchanger itself (physical representation) were located on the Moon or Mars, where regulators' minions couldn't reach them.

If you're interested in traders' opinions on your question, why didn't you post a thread in their section?

[SageSwap]

I think the idea of ​​exchangers without KYCs is already utopian in today's world. It would only be possible if the exchanger itself (physical representation) were located on the Moon or Mars, where regulators' minions couldn't reach them.

We have our own planet, and thanks to that, we can create a never-kyc platform 

[Zwei]

Is this topic an ad for what OP is trying to sell

looks like it, and nothing sounds more assuring than the "whitelabel crypto exchange script" he sneakily advertising 

transparent KYC/AML process, or better yet, no KYC/AML at all.

I think only truly decentralized exchanges can have no KYC at this point, everything else from CEX all the way to fake DEX either have or will eventually have KYC. And in my opinion the problem with KYC is not just the invasion of privacy and the other nuisance such platforms cause for their users, it is the fact that it is a one way street! The user has to become transparent and convince the platform of their intentions and obey the rules but the platform does not. They can easily scam their users, steal their money, ... and there is nothing stopping them. In other words the regulations have only been for surveillance not for user protection.

also in their fucked up logic, the user is always guilty until he proves his innocence.

So far, nobody has been able to find a solution to this problem. We only have DEXes that are not yet large enough to be able to replace the terrible CEXes...

is a solution even possible in the first place? i think unless the laws enabling this get changed, i doubt we will ever get to that point.

We have our own planet, and thanks to that, we can create a never-kyc platform 

your own what?

[AakZaki]

I just want the exchange to be honest and fair in the application of price charts in futures and spot trading, often they are different, such as the case of the 10th and look at the deep red chart at the bottom price is different;

(..)

How could the charts be exactly the same when each market has its own buyers and sellers. Prices are determined by the balance of supply and demand in that market. so naturally, there are differences due to different order books.
Each market also has different liquidity. Markets with high volume are usually more stable, but in smaller markets even a few trades can create strange looking candles.

There are actually many factors that affect this. This is also often due to candlestick data sources, some markets use the Last Price, while others use the Market Price or Index Price. This makes the opening, high, low and closing prices not the same.
In reality the movements usually tend to be similar but the details of the candlestick are not 100% identical.

[bangjoe]

I just want the exchange to be honest and fair in the application of price charts in futures and spot trading, often they are different, such as the case of the 10th and look at the deep red chart at the bottom price is different;

(..)

How could the charts be exactly the same when each market has its own buyers and sellers. Prices are determined by the balance of supply and demand in that market. so naturally, there are differences due to different order books.
Each market also has different liquidity. Markets with high volume are usually more stable, but in smaller markets even a few trades can create strange looking candles.

There are actually many factors that affect this. This is also often due to candlestick data sources, some markets use the Last Price, while others use the Market Price or Index Price. This makes the opening, high, low and closing prices not the same.
In reality the movements usually tend to be similar but the details of the candlestick are not 100% identical.

Thank you for the answer and the answer is correct, the order book is different, and I also found that the derivatives and spot markets are sourced from different sources in charts or candlesticks because in different ways of calculating them even though they are on the same exchange.

Now I trade in futures if using a short timeframe I will immediately analyze from the chart on the exchange because it is quite influential for me personally, before I thought everything was the same, but in fact after the crash yesterday I realized that there was a difference and I also questioned it, this will also change my approach in determining SL and TP on my trading activities.

This could be a reading reference.
https://www.binance.com/en/support/faq/detail/360033162052
https://blog.herond.org/exploring-the-different-types-of-order-book-in-cryptocurrency-exchanges/

[davis196]

There are many trading platforms today, but only a few feel truly user-focused. If you could create your own crypto exchange, what is the first feature you would prioritize to make it stand out?

Lower fees, faster support, better mobile experience, or something completely new?

Share your thoughts.
I’m collecting real user opinions to understand what traders value most.

If I had the knowledge and the capital to build a cryptocurrency exchange, I would make it a DEX rather than CEX.
The platform would look like a multi-currency wallet with instant swap feature, and the users would swap BTC to altcoins and stablecoins(and vice versa) inside their wallet without having to deal with creating accounts, depositing crypto to a crypto exchange wallet and KYC.
The platform won't look like Exodus wallet, because Exodus uses third party providers for their coin swap feature(and the fees are high).
Such decentralized platform most likely wouldn't require customer support, or maybe I will implement AI as customer support.

[joniboini]

The platform won't look like Exodus wallet, because Exodus uses third party providers for their coin swap feature(and the fees are high).

This imagined platform looks cool. I wonder how you'll deal with legal stuff and so on, though. I imagined you'll have to make sure there is enough liquidity to support the exchange (just like Uniswap or other web3 DEX). Anyway, I wonder why Exodus or other apps don't build their own liquidity. Is the capital required to do that high? Would they be able to lower that if they can attract enough users as a liquidity provider? Sounds like it shouldn't be too hard if we're looking at platforms like Uni, Sushi, etc.