Tim Draper, a venture capitalist and founder of Draper Venture Studio, has announced the launch of a WordPress plugin that allows anyone to easily create cryptocurrency exchanges.

The plugin is targeted towards developers and non-technical individuals alike. It comes with a full suite of services including a web token validator, payment processing, API’s for accessing order books, wallet security, and more.

Benefits for Cryptocurrency Exchanges

This plugin offers numerous benefits to cryptocurrency exchanges, some of which are:

  • Seamless integration: The plugin can be easily integrated with various websites for a streamlined user experience.
  • Security: The plugin features a wallet and token security, ensuring wallets are properly secured.
  • Revenue Stream: The plugin allows exchanges to take a commission on trades, increasing their revenue.
  • Easy Setup: The plugin is easy to set up and use, allowing users to quickly launch their exchanges.

How It Works

The plugin works in two parts. The first part is a web server side, which handles the exchange’s data and processing. This server side can be connected to any web framework, allowing developers to easily customize the exchange’s functionality.

The second part is a client side. This part features an easy-to-use graphical user interface with lots of features, from order creation to market visualization.

Conclusion

The WordPress plugin for cryptocurrency exchanges launched by Tim Draper’s venture studio is aimed at making it easier for anyone to launch an exchange. It is a great tool for developers and non-technical users alike, offering both a seamless integration and robust security. With its easy set up and plenty of features, it is sure to become an essential part of any cryptocurrency exchange.