Futures Trading Platform Development: A Comprehensive Overview

Peter Drucker used to say, 'The best way to predict the future is to create it'. While most forex traders are changing their way to futures trading, there is a space for user-friendly and feature-rich futures trading platforms. That's the reason this blog was started. You can create a wealthy future by investing in Futures Trading Platform Development. The futures trading market was worth billions of dollars right now.

If you want to make millions from this revolutionary tech, prepare yourself. Since the futures market is booming, crypto futures are dominating the industry with millions of dollars in business flow.

So, If you are an entrepreneur and planning to start your venture in this crypto futures world, plan to call a crypto futures trading platform development company. In this blog, we will learn about how to develop a futures trading platform (mostly cryptos), and what the specs needed to stand out in the market.

Why Crypto Futures?

According to Forbes, the global cryptocurrency market cap is $2.35 trillion today. In the last 24 hours, the total crypto trading volume hit $73.47 billion. Out of 14,864 tracked cryptocurrencies, Bitcoin holds the top spot with 50.62% dominance, followed by Ethereum at 16.91%. With this much of a market cap, traders can potentially expect a huge amount of returns from it. 

Crypto futures are all about leverage. You can increase your gains by borrowing funds from the platform to control a much larger position. Think Bitcoin rocketing to the moon? With futures, you can start that potential profit into the stratosphere. Crypto futures are a high-risk, high-reward game.  

The Core Features of Your Crypto Empire

I hope the above-mentioned report has given you some insights into why you need to start a crypto futures trading platform. But the thing doesn’t stop there, you might implement some of the core features to your venture which can be done by a top-rated futures trading platform development company.

➤ Matching Engine:
This is the heart of your platform, the unseen actor directing trades between users with lightning speed, security, and the ability to handle high trade volumes without a single hiccup. A reputable Crypto Futures Trading Platform Development Company will ensure this core component is built with cutting-edge technology.

➤ Order Types: 
Cater to your diverse trading audience. Offer basic and advanced order types like market orders, limit orders, stop-loss orders, and trailing stops, giving users the adaptability to execute their strategies seamlessly.

➤ Margin Trading:  
This is where the leverage magic happens. Allow users to deposit a percentage of the total contract value (margin) and control a much larger position.  Don't forget to implement clear risk management tools like margin calls and automatic position liquidation to prevent users from facing losses. 

➤ Perpetual vs. Delivery Contracts:  
Offer both flavors. Perpetual contracts have no fixed expiry date, while delivery contracts settle on a specific date with the underlying asset. This can be used for both short-term and long-term trading strategies.

➤ Multiple Cryptocurrencies: 
Integrate support for a wide range of popular cryptocurrencies (Bitcoin, Ethereum, etc.)  A leading Crypto Futures Trading Platform Development Company can also help you to utilize these features.

➤ Trading Fees:  
Keep it transparent and competitive.  Offer different fee structures depending on trade volume and consider loyalty programs for high-volume traders to incentivize them and keep them coming back for more.

➤ Security is Important: 
Your users are trusting you with their valuable crypto.  Utilize industry-leading security measures like two-factor authentication, secure cold storage for user funds, and regular penetration testing by security experts.  

➤ User Interface (UI) and User Experience (UX):  
Make your platform user-friendly and intuitive.  Think clear charts, real-time data feeds, and a layout that's easy to use. Don't forget to make it mobile-friendly.

➤ Advanced Features:  
Offer margin lending for additional profit potential, social trading features (copy trading), and advanced charting tools with a variety of technical indicators to gain experienced users with deeper analysis capabilities. 

Beyond the Basics
 

There's a whole herd of crypto futures platforms out there, so how do you make yours stand out from the pack?  Let me mention some of the elements to help you differentiate yourself. Offer built-in tutorials, and educational articles, and even host webinars led by crypto experts to your users. Create forums, and social media groups, and even host online trading competitions to keep users engaged.

Think outside the box by developing unique features like AI-powered crypto trading bots that can automate strategies for users, and sentiment analysis tools that gauge market emotions. Most importantly your customer support needs to be top-notch.  
 

The Development Process:

Building a crypto futures platform is no walk in the park. Let me give you a simplified roadmap to guide you, courtesy of a leading Futures Trading Platform Development Company:

1. Planning and Design:  
This is where you flesh out your platform's core features and target audience.  Work with your development team to create a clear vision and define the functionalities that will set your platform apart.

2. Technology Stack Selection:  
This is where you choose the programming languages, frameworks, and databases that will power your platform.  

3. Development:  
This is where your team of talented developers brings your platform to life. Agile development methodologies are recommended for their ability to adapt to changing requirements during the development process. 

4. Testing and Security Audits: 
Thorough testing is crucial for a platform handling users' hard-earned crypto. A Futures Trading Platform Development Company specializing in security will be invaluable in this stage.

5. Deployment and Maintenance:  
It's launch day. Deploy your platform on better servers that can handle high traffic volumes.

The regulations surrounding crypto futures are still in the talks. Research the regulations in your target markets and ensure your platform complies with all relevant laws.

Conclusion 

So, you wanna be a crypto futures trading platform boss? Albert Einstein used to say, "The important thing is not to stop questioning. Curiosity has its own reason for existing." In this blog, we covered the core features and the process of crypto futures trading platform development. As the crypto market is still going beyond the boundaries, there are many business opportunities out there in the industry.  Let me know your favorite thing about the blog in the comments.

Get a Free Consultation