Creating a cryptocurrency exchange similar to Binance may be complicated, but it is now easier than ever with different tools you can use. You do not have to build everything from scratch; startups and entrepreneurs usually have two options, either use a white-label solution or use a crypto exchange script.
A white-label crypto exchange is a fully developed and fully tested exchange software. With a white-label crypto exchange you can customize your branding, features and UI to reflect your business vision. This is the best alternative for anyone looking to launch quickly with the least development headaches. Typically, white-label crypto exchanges will offer a complete solution including support, security audits and regulatory compliance.
A crypto exchange script is a clone of an existing exchange such as Binance that comes with the basic core functionalities such as a trading engine, wallets, KYC/AML modules and an admin control panel. You will pay much less for a crypto exchange script and have greater flexibility to customize as you see fit, although probably will require more work to build a secure and scalable feature-rich exchange.
If developing the exchange quickly, support and being regulatory compliant are your priorities, white-label solutions are likely better fits. If, however, you are technically capable and are looking for cost-containment and control over the development process, a crypto exchange script is a good place to start.
Both options have their pros—your choice should depend on your timeline, budget, and business goals. I have personally tried AppcloneX for both solutions and they offer powerful solutions.