Today’s global crypto market cap is $1.07 trillion. In general, the crypto market and the industry are maturing; large financial institutions have started adopting digital assets, realizing that they are here to stay and offer enormous opportunities. Some examples of such institutions are Citigroup, BNY Mellon, and Fidelity. If you want to learn more about the institutional adoption of digital assets, check out The Rise of Digital Asset Adoption Across Institutional Players.
What are crypto-as-a-service (CaaS) solutions?
The term “crypto-as-a-service” is based on the “software-as-a-service” (SaaS) concept. This particular model focuses on offering services related to cryptocurrencies. CaaS companies and solutions offer other businesses the needed technology or infrastructure for introducing crypto to their users. Thus, clients of a CaaS solution can establish new revenue streams by providing crypto services with quick time-to-market, cost-efficiency, and without the need to dive into technological peculiarities.
The evolution of CaaS solutions
Over the past few years, we have witnessed a significant evolution of crypto-as-a-service solutions. Initially, cryptocurrencies were primarily used for payment, mass payouts, or transfer of value, but today, the use cases have expanded to include trading, investment, and other financial services.
Crypto payment solutions and mass payouts were the first generations of crypto-as-a-service offerings. Crypto payments allowed merchants to accept cryptocurrencies as a form of payment, and mass payouts helped organizations to transfer crypto as a form of salary for their employees. These solutions enabled individuals to transact directly without the need for intermediaries such as banks or payment processors. However, the adoption of crypto payments has been relatively slow, mainly due to their volatility and the lack of regulatory clarity in many jurisdictions.
The second generation of crypto-as-a-service solutions focused on cryptocurrency trading. Cryptocurrency exchanges emerged as the primary platform for buying and selling cryptocurrencies, allowing users to trade various assets with each other or against fiat currencies. Trading platforms also provide users with access to a wide range of trading tools, including charts, technical analysis, and trading bots.
As the market for cryptocurrencies has matured, so too has the demand for more sophisticated trading solutions. Today, many CaaS companies offer custody, margin trading, options trading, futures trading, and other advanced trading features that were once only available in traditional financial markets.
The third generation of crypto-as-a-service solutions focuses on the broader financial services ecosystem. Today, users can access a range of financial services that are usually associated with Web3 and earning mechanisms. They include staking, lending, and borrowing. These services leverage the transparency and security of blockchain technology to provide users with new opportunities to invest and grow their wealth.
Scalable’s CaaS solutions
Scalable’s products are perfect examples of CaaS solutions. Our range of products includes Lite Exchange and PRO Exchange solutions.
The PRO Exchange is a product made for businesses whose main audience includes institutional traders and advanced active traders. This solution has the most cutting-edge features, such as Perpetual Futures trading, Margin trading, advanced order types, and more complex features to give professional traders the ultimate experience.
It was engineered with ultra-high performance in mind, processing up to 100,000 TPS with an average latency of less than 1 millisecond. Scalable commits to the SLA’s uptime of 99,99% even at peak trading times.
Lite Exchange Solution is designed as a plug-and-play solution for businesses whose main audience is crypto novices. It caters to a basic functionality plus a bit more: instant swaps across 650+ digital assets, buying/selling crypto for fiat, internal transferring, withdrawing, depositing, and staking. This product is designed to maximize users’ LTV and prolong their life cycle: it has pre-installed marketing campaigns, referral programs, and the highest-standard intuitive design. Altogether they make this solution the easiest and most enjoyable starting point in crypto.
Both of our products have
- Automated access to liquidity across over 1500 markets without the need for collateral.
- Highest grade security and risk management.
- Compliance with local regulatory requirements.
- Integration with fiat on/off-ramps.
- Full-scale training program for exchange operators.
- Customer Success Team that is available 24/7 to answer any questions.
You can learn more about Scalable’s Crypto-as-a-Service here.
The evolution of crypto-as-a-service solutions from payments to trading and beyond has been rapid and significant, and this process continues. Scalable Solutions offers its clients the most cutting-edge solutions that are constantly evolving and improving to fit the needs of the market.
If you are interested in our CaaS solutions, get in touch with our team to learn more about how we can help take your business to the next level.