User Registration & Authentication: Users are able to sign up, log in, and authenticate securely through different methods (including two-factor authentication).

Order Matching Engine: A sophisticated engine that matches buy and sell orders on the platform for hassle-free undertaking.

Admin Dashboard: This is the back-end interface for exchange administrators to monitor user activities, fund management, and the health of the platform.

Liquidity Management: Ensures that there is an adequate provision for trading liquidity by bringing liquidity from outside sources and reserving internal.

KYC and AML Integration: The Know Your Customer and Anti Money Laundering KYC and AML process ensure that the platform doesn’t get used for illegal activities.

What does a script of a centralized Exchange do?

A Centralized Exchange Script usually consists of the central components integrated with each other so that it allows for a smooth exchange process.

Order Book: Central engine of a centralized exchange: order book work in an historical perspective. The order book stores all buy and sell orders by traders and any corresponding user matches it. For example, if someone is willing to pay a certain price to purchase bitcoins, an order will be placed and matched with a corresponding order by another user who is willing to sell his bitcoins for the same price.

Trading Engine: It will be the part of the exchange script that includes the trading engine. A trading engine indicates a device that coordinates between both buy and sell orders in real-time and matches them up. It will ensure that orders can be executed quickly, accurately and at the best available market price.

Backend and Frontend: The Technology behind Backend: It’s the one that takes care of everything behind the scenes-the data, transactions, and everything else concerning an exchange. Frontend: A platform where traders can just log in to place orders, check balances, and view market data.

Security: Security is a concern for CEX, and of course, it is going to be concerned for users whose funds are held in the exchange and sensitive information is stored there. The script can have some sort of these security features, such as encryption, multi-signature wallets, 2–3 level 2FA, and anti-phishing schemes.

Liquidity Pool: Liquidity Pool is entirely specified to ensure that buying and selling is done comfortably on the platform. A Centralized Exchange Script can provide liquidity mechanisms from either the platform itself or other external liquidity providers.