What is Kraken Clone Script? Everything You Need to Know About Kraken Clone Script Development?

Kraken clone script is software code created by developers to replicate the Kraken exchange website. The trading techniques, features, wallet storage, and operations are identical to those of the Kraken exchange. It is a ready-made cryptocurrency trading platform that the buyer can rebrand anyway they see fit. Within a minimum of two weeks, a buyer can launch a cryptocurrency exchange using the Kraken clone script.

Our Prominent Features of Kraken Exchange Clone Script

1. Spot trading

The Kraken clone script is designed with advanced spot trading mechanics that don't cause trade interruptions. For the cryptocurrency you want to purchase or sell, the order matching engine can determine the optimum price. By combining arbitrage value with maximum profits, it improves user experience.

2. Trading on margin

One of the key components of the Kraken clone is the ability to trade on margin with spot transactions. You can increase your trading frequency and profit by receiving margin funds in your account by using margin extension.

3. Staking 

The current cryptocurrency savings feature known as staking has been included in our Kraken clone script. You can enable your users to earn interest by allowing them to stake their cryptocurrencies for an extended length of time. More tokens can be unlocked through the rewards programme and deposited into users accounts automatically.

4. Liquidity

We designed our Kraken clone platform to default to high liquidity. The Liquidity API can swiftly transfer money across orderbooks so that deals are completed at the desired price. Provide your exchange access to high liquidity without taking engineering costs into account.

5. Cryptocurrency Futures

It is the agreement-based trading model offering a price at a particular time and date. Trading strategies for cryptocurrency futures & derivatives are often sought after by seasoned traders. You may utilize this future trading option to help your crypto exchange stand out from the competition and attract the attention of these users.

6. OTC

In our Kraken clone software, OTC trading has been available. Institutional investors and high net worth people can participate in large trading orders on your exchange by using OTC without impacting the market price. In our script, personalized options and OTC trading features are initially programmed.

7. Multi-language support

The feature helps to scale your crypto exchange platform as you expand the geographical operations. Users can opt-in for their desired languages and feel convenient in accessing the platform.

Why should you go with Hivelance for your Kraken-like exchange startup?

Hivelance is a cryptocurrency exchange development company that has been in the field for over ten years. Our expert developers, blockchain engineers, and UI designers can produce a fully functional cryptocurrency exchange website in four working days. We are able to adapt our ready-made crypto exchange scripts to suit client requirements because we have them in our possession.