🆕 Asset Tokenization Market Set for Significant Growth, Data Shows
2024 marked the rise of tokenization in enterprise, with HollaEx® recognized as a leader in asset tokenization in the latest G2 report.
This new version 2.12 HollaEx® (Napa) now includes a whitelist address book, sell side P2P trading and more coins and transaction ID info.
Napa v2.12: Crypto address book for withdrawals, P2P user sell side, transaction IDs & more!
The highly anticipated release of HollaEx® Napa v2.12 is here! This update brings exciting new features, bug fixes, and powerful add-ons, including the ability to view additional deposit and withdrawal transaction details, peer-to-peer trading with a new user sell-side flow, and a whitelisted crypto address book.
For all the v2.12 details, read on below 👇. If you're looking for a short summary of Napa click here 🍷.
Crypto Address Book
Version 2.12 introduces a withdrawal address book, allowing users to save their personal crypto addresses. This address book enables users to name and save the addresses they wish to use for withdrawals.
The address book saves users the hassle of locating, copying, and pasting addresses each time they make a withdrawal. It also acts as a whitelisted address, giving users peace of mind that the address is their own and has been pre-verified.
Coming soon will be the ability expedite withdrawals when using these whitelisted addresses.
To add a new address to the address book, users can navigate to their wallet page and click ‘ADDRESSES’ at the top, or manage address during the withdraw flow.
Users will also have the option to view and manage their address book during all coin withdrawal processes.
P2P User Sell Side
In the previous update the P2P system only allowed the user to buy crypto from the vendor. In Napa the P2P capabilities have expanded so that users can now sell crypto to the vendor.
This new P2P sell-side feature allows users to share fiat payment methods, enabling them to receive fiat currencies when selling their cryptocurrency. Payment methods can be as simple as an email address for a PayPal account or more complex, such as a bank wire transfer with a SWIFT code. These payment details are entirely up to the admin exchange operator to setup.
Admins have the flexibility to restrict payment methods to a subset of well-known systems for their region and target audience or to offer a variety of payment methods for a more international audience. The payment details that users add must be verified by the admin before they can be used for any P2P transactions.
Users engaging in P2P transactions will also be rated by the opposite party they trade with. These public ratings will help guide vendors in making informed decisions before each trade. When users sell crypto to vendors, the critical last step of releasing the crypto is left up to the user, making the rating system even more important. Admins will also need to verify users to reduce the risk of bad actors on their P2P exchange platform.
Additionally, vendors now have the option to set crypto to buy or sell as BTC, ETH and other assets. To support these assets in P2P trading, there is also the ability to set prices dynamically, ensuring they adjust according to market conditions.
Dynamic pricing can be set in the OTC desk deal page within the admin panel. This feature allows specific price formulas to be predefined and saved for use in P2P trading or through the OTC Broker (Quick Trade/Converter) interfaces.
More Transaction Details
Incoming deposits and outgoing withdrawals using blockchains will now include the blockchain’s transaction ID number. This can be reviewed by expanding the transaction row in the Transaction History page.
The Transaction ID can be copied and pasted into a blockchain explorer of choice to find more information about the transaction.
The collection of Transaction ID information, along with the amount, coin name, and other details, is useful for proving that a transaction took place—often required for proof of funds or transaction processes requested by other exchanges or even banks.
For non-blockchain transfers, the transaction will be marked as a ‘transfer’ and displayed as such. This applies to cases where an email is used to transfer internally within the same exchange network (or an internal crypto address on the exchange). These internal transfers also have a Transaction ID for internal tracking through the admin's exchange Operator Control Panel.
USDC Conversion Paths
New instant conversion paths for USDC are now available on the Convert page (AKA: Quick Trade OTC Broker interface). This includes major crypto assets such as USDC to BTC, ETH, TRON, MATIC, and BNB.
Coming soon, the ability to convert any asset into any other asset. A smarter execution system is on the way. Read more below on the upcoming smarter execution system.
👀 Sneak Peek Preview
Convert Anything to Anything
Soon, you’ll be able to convert any asset to another asset directly (Smart Price Quote and Execution (SPQE)). Typically, you’d need to convert to either USDT or USDC first, followed by a trade to the desired asset. This extra step can be a barrier for new users unfamiliar with crypto markets. This smart execution system improves the user experience greatly by taking out the stablecoin step and reducing the currency conversion steps by 50%.
New Asset Price Page
Version 2.12 also includes various visual updates to the asset price page, such as improved layout and increased visual density. The new price page will also be orderable by market cap significance and will also show the top 3 assets by % movement and other categories.
Trade Volume Data
More trading volume data will soon be visible to all exchanges and their user base, providing insights into which assets are traded most and when.
… and many new listings
HollaEx® has also added more coins, including SKL, XDC, POLYX, SAGA, ONT, DCR, AVAIL, ZK, POPCAT, PIRATE, CLOUD, CKB, and many more! Join our Discord and watch the Release channel or follow us on X.com (https://twitter.com/HollaEx) to get the latest coin listings on HollaEx® white label exchange.
Other news
New HollaEx® YouTube video:
Popular HollaEx® blog posts
HollaEx® mentioned on largest software review site:
OVHCloud partnership HollaEx®:
Napa HollaEx® v2.12: Sell more Crypto!
Raise a glass to HollaEx® version 2.12 and its exciting new features. This update makes it easier than ever to sell crypto to your user base, with innovations like a secure address book for blockchain transfers, new coins, and USDC instant conversion pathways. Plus, the P2P sell-side trading feature allows users to sell their crypto more privately and in a decentralized manner. Start making more deals and upgrade your exchange to Napa today!
HollaEx®: Why use a White Label?
As you relax with a glass in hand 🍷, you might be wondering: why use a white-label solution, and why choose HollaEx® over others? First, we are a market leader, but there’s more. Read on to learn why:
Market-Leading Backend and Expert DevOps Services
HollaEx® offers a top-tier backend and expert DevOps engineering services designed for seamless deployment. Our ready-made solution allows anyone to set up OTC deals with any crypto asset and set their own prices and spreads with ease directly on their website.
Unparalleled Security
Our open-source software undergoes rigorous testing to ensure the highest level of security. Trusted by operators worldwide, HollaEx® is one of the longest-running open white labels on the market, known for its robust token creation system and tried and true security measures.
Industry Recognition
HollaEx® has earned recognition from industry giants such as AWS, ProductHunt, Slashdot, G2, and Sourceforge. Our proven track record demonstrates our commitment to excellence in the crypto space and positions us as the leading asset digitization platform, coin listing system and exchange business software.
Competitive and Transparent Pricing
We offer the most competitive and transparent pricing, providing operators with full visibility into their investment from the outset. This transparency empowers operators to plan strategically for the long term, navigating the dynamic cycles of the crypto market with confidence.
Not only is our software transparently priced, but we also offer consistent bid/ask spreads and top-notch liquidity (for major markets) so that you don’t have to worry.
Why wait? Find out more about our advantages when using a white-label solution, or get started today by completing this form👈
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Curious how much an exchange may cost to build? Read the Ultimate Guide to Exchange Costs.
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