OpenCEX, a Free Open-Source Crypto Exchange Engine

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

OpenCEX can move this thread to a more relevant board. I agree with you that a Project development board is good for it now.

When the exchange officially goes live and operates, the OpenCEX team can create a new thread and choose a Service Announcements for that new thread.

Quote from: Wind_FURY on November 07, 2023, 07:35:46 AM

"No-KYC exchanges built easier".

When they release the exchange, the team can submit a request to https://kycnot.me/ team to list OpenCEX on that website. It will be like a free marketing on kycnot.me website that is a destination of non KYC enthusiasts.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, good work! You're a blessing for the Bitcoin community! Although the exchanges built using your code/software will be centralized, the code itself being open source will make the creation of exchanges built with OpenCEX have less deterrent, and more permissionless.

"No-KYC exchanges built easier".

Cool

Find a GitHub alternative, OP. Your project might need it.

Plus the thread should probably be in Project Development.

Polygant

copper member

Activity: 10

Merit: 1

🎉 OpenCEX v.1.5.1 is here!

🎁 Dear friends, we would like to present you a huge update of OpenCEX!

🤖 What you’ve been waiting for so long! We have added support for Hummingbot — an open source platform for automated crypto trading bots! Hummingbot allows you to manage liquidity and perform market making of OpenCEX exchange on your own!

⚙️ How to set up Hummingbot: https://polygant.notion.site/Setting-up-Hummingbot-for-OpenCEX-f4ae9b053b6e43d89d66908e54d153a3

In addition, we:
✔️ Added minor changes to the Trading page and the TradingView widget.
✔️ Significantly improved the usability of the admin panel. Now even smoother!
✔️ Added edits and bugfixes for EVM-based cryptocurrencies.

💪 Stay tuned! https://github.com/Polygant/OpenCEX

Polygant

copper member

Activity: 10

Merit: 1

🎉 OpenCEX v.1.3.0 is here!

The big and long-awaited release is now available! It has cool features you asked for:

✔️ Adding custom tokens
✔️ Minor fixes

Hope you will enjoy it Wink

Polygant

copper member

Activity: 10

Merit: 1

OpenCEX v.1.2.2 is here!

Here's what's inside:

✔️ Fixed multisig BTC transaction signature
✔️ Added Deposit button to the header
✔️ Added info about deposit fee on the Deposit page of the Wallet section
✔️ Made minor fixes.

Polygant

copper member

Activity: 10

Merit: 1

Hello friends!

Cool

OpenCEX v.1.2.0 is here!
The biggest and long-awaited release is already available! It has cool features you asked for and even more:

✔️ TRX and BNB coins, TRC-20 and BEP-20 tokens support
✔️ Light and dark themes
✔️ Customisation of the colour scheme
✔️ New crypto deposits system
✔️ New actions for deposits in admin panel
✔️ Minor fixes and improvements.

P.S. our OpenCEX account on Bitcointalk is blocked, will be grateful if you donate some merit to this account so that we can publish extended posts.

Polygant

copper member

Activity: 10

Merit: 1

Binance is down... Embarrassed

While @cz_binance is dealing with it,
make your own exchange with OpenCEX. 💹 Cool

OpenCEX

copper member

Activity: 28

Merit: 13

Hello, crypto exchange owners!

We’re working on adding light and dark themes to the UI, as well as quick customisation of the colour scheme. 🎨
These updates will be released in the coming days! 🔜

OpenCEX

copper member

Activity: 28

Merit: 13

Hello friends!

📓 We would like to remind you that we created the OpenCEX Help Center for you.
It covers all important deployment and configuration manuals:

Installation
Settings
Routes
Containers
API
DB tables
Files and classes
Celery tasks
Useful commands

💬 If anyone doesn’t understand something, feel free to ask questions in our Telergam group chat.

Polygant

copper member

Activity: 10

Merit: 1

Quote from: OmegaStarScream on March 15, 2023, 10:21:47 AM

I'm curious about the KYT implementation with scorechain. Could you explain how it works exactly and how customizable it is for an exchange owner?

Every incoming deposit can be verified for KYT. If the deposit did not pass the verification (came from a bad source), it will not be collected and an alert will be sent. You can then contact the user and carry out the necessary additional checks and take the necessary actions.

In order for KYT to work, you need to buy a service package from Scorechain and add the necessary keys.
We also plan to add Crystal Blockchain for KYT verification (exchange owner also would need to buy the package) .

OmegaStarScream

staff

Activity: 3500

Merit: 6152

I'm curious about the KYT implementation with scorechain. Could you explain how it works exactly and how customizable it is for an exchange owner?

Polygant

copper member

Activity: 10

Merit: 1

Quote

But if I want my token that has its own blockchain, then I would have to list it on an exchange, I cannot expect people to come to a new CEX just to buy my token, right?

Why not?

Your coin, branded exchange - very synergistic! We receive a lot of requests from people who would like to issue their own token and make their own exchange.
At CEX, everything is the same. For example, to launch a TOKEN-USDT trading pair, you will need a certain amount of TOKENS and a certain amount of USDT. However, in the case of CEX, you have many more tools for market making. In particular, you don't have to freeze all liquidity, you only need it when a user wants to make a withdrawal from your platform.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Polygant on March 14, 2023, 12:47:33 PM

Quote from: slaman29 on March 14, 2023, 03:16:17 AM

I have a question, if I wanted to sell crypto (as an exchange) or invite people to sell theirs on mine... why would I choose OpenCEX rather than just use an open DEX?
Liquidity is going to be a major issue for anyone who wants to open their own CEX am I right?
I ask this honestly and out of real curiosity.

Thanks for your comment! We value every opinion.

You can use the DEX to start trading your token, but what about a coin with its own blockchain? DEX won't help you here.
In general, liquidity will be required in any case - it does not matter if you use DEX or CEX.
You can use special liquidity robots for this.

But if I want my token that has its own blockchain, then I would have to list it on an exchange, I cannot expect people to come to a new CEX just to buy my token, right?

Then it is a cost, whereas to create erc20 and go to DEX = free.

Liquidity is "half" the problem in this case for DEX, I already have my token, I need to only provide the other side of pair. But on CEX?

Thanks for your answer but I'm just super curious now to understand why anyone would want to build a cex whitelable now

Polygant

copper member

Activity: 10

Merit: 1

Quote from: slaman29 on March 14, 2023, 03:16:17 AM

I have a question, if I wanted to sell crypto (as an exchange) or invite people to sell theirs on mine... why would I choose OpenCEX rather than just use an open DEX?
Liquidity is going to be a major issue for anyone who wants to open their own CEX am I right?
I ask this honestly and out of real curiosity.

Thanks for your comment! We value every opinion.

You can use the DEX to start trading your token, but what about a coin with its own blockchain? DEX won't help you here.
In general, liquidity will be required in any case - it does not matter if you use DEX or CEX.
You can use special liquidity robots for this.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

I have a question, if I wanted to sell crypto (as an exchange) or invite people to sell theirs on mine... why would I choose OpenCEX rather than just use an open DEX?

Liquidity is going to be a major issue for anyone who wants to open their own CEX am I right?

I ask this honestly and out of real curiosity.

Polygant

copper member

Activity: 10

Merit: 1

Hamza2424 thanks for your opinion!

we target:

- Token issuers - to start the exchange of the issued token.
- KOLs (bloggers, etc.) - to monetize the audience, open a crypto business and earn on commissions.
- Financial institutions (Banks, brokers, payment systems) - to provide additional functionality to customers. Embed the exchange engine inside an existing product.
- Governments - to create state cryptocurrency exchange.

We also plan to launch an educational crypto exchange based on OpenCEX engine with virtual cryptocurrencies in the near future to teach people how to trade.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: Bitcoin_Arena on March 07, 2023, 09:49:36 AM

Quote from: OpenCEX on March 07, 2023, 07:51:01 AM

With OpenCEX you can create your own crypto exchange for free and start your cryptocurrency business. 🪙[/size]

What's the catch?

You surely wouldn't spend your time and resources creating such a good platform only for you to provide it for people to use for free. Would you?
There's something we probably don't know about.

How are you going to get funds to keep the project running? Donations from well-wishers?

I'm personally trying to understand why a common trader or crypto investor needs to lunch his own crypto exchange if everyone has his own exchange then who is going to trade on it and from where the liquidity will come through? For a moment let's consider that OP is providing free crypto exchange business ideas to the Bussniess minded people in the industry who are thinking of lunch their own exchange but why would they even trust the free crypto exchange setup as it's not at all reliable for them even who is trying to make it in cheap won't prefer it. I think OP's project idea is mishandled.

OpenCEX

copper member

Activity: 28

Merit: 13

Hello, crypto exchange owners!

🪙 Very soon we’ll add support for BSC and TRON blockchains. So far, our open-source engine already supports BTC and ETH.

💱 In a few days you will be able to offer your users more trading pairs!

OpenCEX

copper member

Activity: 28

Merit: 13

Hello friends!

🆕 We’ve released OpenCEX 1.1.0. Here’s what’s useful there:

✔️ Improved authorization mechanism
✔️ Added a new type of orders — stop-limit
✔️ Added possibility to distribute accumulation between keeper’s address and cold address
✔️ Improved quick swap section
✔️ Made minor fixes and edits

OpenCEX

copper member

Activity: 28

Merit: 13

Quote from: Bitcoin_Arena on March 09, 2023, 07:50:58 PM

Thanks for the response.

Might I suggest that this Announcement is best suitable for Service Announcements board?

However, that's for you to decide.

Hi.
Maybe we’d have started the topic there. But the Service Announcements board is in the Marketplace section, and there are only paid services and apps there. Ours is free, so it didn’t fit there. Undecided

Topic: OpenCEX, a Free Open-Source Crypto Exchange Engine (Read 463 times)