As the cold season dominates the crypto market, many companies are cutting their budgets – and some are struggling to survive. But making it through the crypto winter is only half the battle – businesses want to get fully prepared for the upcoming bull run as well.

While many crypto clients are short on money, one of the ways to attract them is to present a new functionality that would allow them to use their funds efficiently – for example, high-yield interest accounts. Building those from scratch takes a lot of money and time, but you can leverage B2B crypto solutions to start making a profit fast with a moderate investment. 

The summer’s coming

In the crypto winter, the very survival of many businesses is in question. It has become harder to compete for venture capitalist money, and companies have to cut costs and lay off staff. Unfortunately, many projects will not survive – and the 2022 examples have shown those can be young startups but large businesses as well. Those who want to make it through need to take action.

The winter will eventually end anyway, and the potential of the cryptocurrency market remains immense. The number of crypto users worldwide is expected to hit 1 billion by 2030, compared to today’s 420 million. In 2024, we’re anticipating the Bitcoin halving that has been historically followed by a new bull run.

When the crypto summer comes, you might want to start making money as quickly as possible rather than build. As Binance co-founder Yi He says, “Bull markets tend to care more about price, while bear markets have more value-conscious teams that continue to build the industry”. Now is the time to develop to keep warm amidst the winter and to get fully armed before the summer. 

Make a profit with white label crypto solutions  

White label crypto solutions allow you to expand the functionality of an existing product without huge development costs – or even quickly build a new platform from scratch. You leverage pre-developed software and, in just a few weeks, present a finished product to the users. 

Think of it as a sandbox with which you can launch a product with little investment. While label solutions allow you to quickly test a business hypothesis and start earning. If the rapidly implemented functionality proves profitable, it can become a new source of revenue, vital amid the harsh crypto winter time. 

Here are the most popular types of white label solutions. 

White label crypto exchange

With a white label crypto exchange, you can assemble a new crypto platform using pre-built infrastructure with your design. Various features can be added or removed at your discretion. The white label provider does tech maintenance and support, while you have to just promote the project, earn money, and share the profits with the provider. 

White label crypto wallet

A white label crypto wallet works a lot like white label exchanges. You can build a wallet with a selected range of supported coins and features like built-in exchange and buy/sell options. Fees for the latter are the primary source of profit. 

White label crypto bank

This B2B solution is one of the newest and the most promising in this crypto winter. Choise.com, a platform offering crypto-powered interest accounts and other ways to get a passive income on your earnings, has recently made a poll in its audience and found out that the customers are most interested in interest accounts and high-yield investment tools like dual investment accounts – something that only a crypto bank can offer.

A white label solution for crypto banking lets you build a platform where users can buy and sell crypto, store and exchange it, and enjoy various interest accounts and investment tools with an APR higher than in most traditional banks.

While leveraging a white label solution, you not only significantly cut development costs but also save years on getting a license – without which a crypto bank cannot function. 

What you save and what you earn

Vault is one of the few ready-made solutions that allows you to build your own crypto bank app from scratch – or embed its functionality in an existing platform. This will cost you months instead of years and save millions of dollars on building the infrastructure on your own. With low operational expenses, it will start bringing you a positive net profit within a few months. The expected payback period is less than a year. 

Vault is a product of Choise.com – a versatile crypto platform with over 1 million users. Over 6 years, the company has spent over $60 million on developing and licensing its software – and now lets everyone earn from its battle-tested infrastructure. Vault’s license permits it to provide virtual currency service and operate as a financial institution in 170+ countries.

The white label solution includes a plethora of tools for making passive income on one’s holdings. Besides a ready-made crypto exchange and a wallet, it offers a KYC/AML solution, IBAN and other deposit avenues, and crypto card infrastructure. Integration with leading crypto exchanges and a partnership with global card acquirers are included. 

The demand is high, but it’s still a good time to join

There are few white label solutions for crypto banking services so far, but we see a huge interest in this type of product: Vault is already working with dozens of clients, including crypto businesses and traditional banks. 

Platforms allowing users to buy, store, exchange, and earn interest on crypto appear one of the most demanded products in the market today. B2B white label solutions let any business implement those features fast and avoid the hassle of licensing. This quickly gets businesses new customers and a new source of income, helping them to ride out the crypto winter and enter the upcoming bull run fully prepared. 

To start building your crypto bank app, contact us at cryptobanking@choise.com.