ChainUP Global recently announced the launch of an independent subsidiary brand of blockchain financial derivatives EXUP.
The EXUP platform guarantees low costs and high levels of efficiency, allowing customers to set aside their resources and focus on their business operations. Presently, the team has provided financial derivatives technology services to over 60 enterprises in more than 10 countries and regions globally.
ChainUP has also announced an ETF (exchange traded fund) system solution on EXUP to provide customized and SaaS services to global customers.
In traditional financial markets, leveraged ETFs are a very popular type of financial derivatives. The development of financial derivative markets has led to the use of leveraged financial derivatives such as stock index futures and swaps to achieve leveraged investment effects.
The company is certainly a strong contender in the exchange platform solutions industry which includes companies like HashCash Consultants, BitGo, BlueHelix and AlphaPoint amongst others.
The concept of ‘White Label Cryptocurrency Exchange”, has enriched the cryptocurrency exchange industry with its promise of high efficiency and smooth running. The company or exchange that is buying the white label product will have capabilities to further develop the previously manufactured software provided by the blockchain solutions provider. They can customize it according to their own business requirements and aesthetics.
In of technology, the White Label Cryptocurrency Exchange would already meet certain levels of testings that it has undergone in the different phases of its early development. Hence the organization which is going to purchase the software product would not require a huge team of technical resources to oversee and review the software. This helps the exchanges focus on other business issues at hand instead of on the technical challenges of an exchange platform.
The competition amongst white label exchange solutions providers has heated up in the last week as exchange leaders such as Binance and KuCoin have also ed in to offer their own respective white label exchange solutions.