In step with the industry as a whole, cryptocurrency exchanges continue to evolve and grow. Starting off as simple platforms offering users little more than the ability to swap a few different currencies, exchanges have become veritable hubs of commerce catering to the needs of users of all levels. Now, newcomers to the crypto space as well as seasoned veterans rely on exchanges for a wide range of operations as the platforms have become centerpieces of the digital asset economy.
That is not the extent of the role digital asset exchanges play, however. As the cryptocurrency industry continues to be woven into the fabric of the global economy, more and more businesses are implementing crypto into their daily operations. These businesses include retailers, lending platforms, neobanks and much more. Integrating crypto payment gateways and services can be complex, time-intensive and expensive. As a result, many businesses have turned to exchanges that offer white-label, enterprise-grade solutions and partnership opportunities.
More and more exchanges have started offering services tailored to businesses, which can make it difficult to choose the correct one for your needs. As always, there are key factors like safety, budget and scale that can determine whether a given platform is right for a business. In this article, we are going to look at some of the exchanges that offer the best solutions for businesses looking to integrate crypto quickly and at a low cost.
ChangeNOW
ChangeNOW has been in operation for around seven years and has built up a massive user base thanks to its simplicity and the wide range of services it provides. The exchange is non-custodial, meaning that users are in complete control of their funds, and has no KYC requirements (however, KYC may be required in cases of suspicious activity), which has made it an attractive choice for users looking for quick exchanges without having to go through laborious verification processes. Rates on the exchange are among the lowest in the industry and transaction times are among the quickest.
For businesses, the ChangeNOW team has developed a number of additional services following the same model that has made their core exchange platform so popular among end users, namely simplicity paired with security. For example, NOWPayments, is a service that allows businesses to integrate crypto payments directly into their sites. By using this solution, businesses get access to over 300 of the most popular assets in the industry along with fiat on-ramps and can withdraw their funds in either crypto or fiat immediately after payments are made.
Additionally, the NOWCustody service offers businesses the opportunity to use ChangeNOW’s robust storage mechanisms. With this custody platform, a business gains access to over 1,000 cryptocurrencies that they can send, store, convert and manage. This service can be tailored to whatever compliance needs a business has.
For crypto businesses, the NOW ecosystem has a dedicated launchpad, which can be used to launch tokens and get those tokens listed on premier exchanges and wallets, as well as a cross-chain swap service, perfect for opening up liquidity from other networks. There is also the NOWNodes platform for web3 developers with access to over 65 RPC nodes, allowing them to build while saving a significant amount of time and money. The nodes available in the service are from over 100 of the most popular blockchains and come with a complete range of management tools.
Taken all together, ChangeNOW has one of the most comprehensive packages of white-label services for all kinds of businesses. Using the exchange’s APIs, a business can launch its own crypto exchange or crypto wallet. And DeFi projects have all the tools necessary to release their projects and take them to another level. ChangeNOW also offers both exchange and custody APIs for crypto loans, ensuring seamless integration by businesses looking to further expand their client payment options and services.
LetsExchange
LetsExchange is one of the biggest crypto exchanges around, with a large number of users from all around the world. The exchange launched in 2021 and has since risen to prominence as one of the most trusted and reliable platforms of its kind. The platform is a centralized exchange that supports hundreds of the most popular crypto assets and offers swaps at low rates and high speeds. Security is one of the exchange’s priorities and, as a result, LetsExchange has thorough, though relatively quick, KYC requirements.
For businesses, LetsExchange also offers a nice selection of convenient and useful tools. The platform has a white-label service that will allow you to launch your own crypto exchange with access to all of its supported assets as well as fiat-to-crypto on ramps. The layout of this product is customizable to the needs of any business, and LetsExchange provides comprehensive support throughout the process.
Additionally, the platform has an API service that can be used by businesses looking to integrate crypto payments into their operations or expand the list of digital assets they support. This is a good option for crypto wallets and payment providers looking to increase revenue and branch out. Clients get up to 50% of the revenue on transactions facilitated via API integration.
LetsExchange also has a swap widget that can be quickly added to a website and a Telegram exchange solution that will provide your business with its own dedicated Telegram bot for making crypto swaps.
Changelly
Launched in 2015, Changelly is one of the longest-standing cryptocurrency exchanges. The exchange is non-custodial, leaving control over all assets in the hands of users and has no KYC requirements, except when a given operation is flagged as a potential risk to platform security. Changelly has a simple interface and a standalone app, which make it easy to navigate, and boasts low fees and high-speed transactions.
For businesses, Changelly has launched ChangellyPAY, a service designed to unlock global crypto payment possibilities, tailored to the needs of any business. The platform features over 80 cryptocurrencies, relatively low fees and instant settlements. It also comes with a fiat-to-crypto onramp that supports over 50 local currencies and bank card options.
Businesses that opt for ChangellyPAY can customize the fees they charge on transactions and take advantage of Changelly’s security measures, including the ability to whitelist certain addresses to ensure transaction safety. The service can be set up fairly quickly, with a registration and KYB time of around 2-5 days on average.
Swapzone
Swapzone is unique on this list as it is not technically a crypto exchange. Instead, it is an exchange aggregator that calculates the exchange rates and speeds of a wide range of exchanges and provides lists of the most advantageous swaps available to a user for the assets they have selected. Swapzone is geared toward users who value their privacy, providing them with rankings of exchanges that offer quick and convenient swaps without long KYC and registration processes.
Beyond its aggregator service, Swapzone also has a set of resources for businesses. For businesses looking to integrate crypto payments and increase revenue streams, the platform has a crypto exchange API that can be used to gain access to all of the benefits of the Swapzone platform. By integrating the API, a company gets a white-label solution with over 20 crypto exchanges, support for more than 1,000 assets and earns on every transaction.
On a smaller scale, businesses can opt to utilize Swapzone’s exchange widget, which can be installed with just a small amount of code. The widget can be added to any website and is easy to use and straightforward, making it a good option for businesses with clients who are new to crypto. The widget comes with the aggregator’s swap listings and can be customized to match the style and layout of any site.
Swapzone also offers a backup solution and a referral program. With the backup service, clients can ensure that their exchange services will always operate. If a problem arises with a client’s exchange, their traffic will be redirected to the backup, which gives users access to all the same assets and the exact same user experience. The referral program gives content creators and businesses the chance to earn by leveraging their market to bring new users to Swapzone. Using referral links, partners can earn on every transaction.
Switchere
Switchere is an exchange service that serves users in the European Union. Although it does not have as many supported assets as the other exchanges on this list, it offers quick and simple exchanges via an easy-to-use interface that is convenient for EU-based users, who often have to deal with stricter requirements. There are mandatory verification and KYC processes for users, depending on how much crypto they intend to exchange.
For businesses, Switchere has a few important offerings. First, it has a crypto payment integration service that can be added to any site. Crypto payments via Switchere can be integrated quickly as the platform uses a gateway accessible to a button that gets added to your site. The service comes with support for about 20 of the biggest cryptocurrencies and around-the-clock support to see that the integration goes through without a snag.
Beyond that, Switchere offers clients working in DeFi a fiat onramp service that allows them to integrate fiat payments directly into their dApps and platforms. This is done via support for major fiat currencies and bank cards. Switchere will also take care of the KYC requirements, making the process super simple on the client side.
Conclusion
While this is just a small sample of all of the enterprise-grade solutions offered by crypto exchanges, this is a good starting place for those looking to expand the financial limitations of their businesses. The most important thing is finding a service that really suits a business and does not increase operational risks or prove burdensome to clients. Luckily, as cryptocurrency use becomes more and more prevalent, the options available to businesses will only increase and improve.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
