Create a cryptocurrency exchange
As you know this world is filled with plenty of opportunities, where one could succeed with a proper plan. Among various businesses, the crypto industry is one of the fast-growing sectors. Its growth in the last few years is astonishingly high. Considering its futuristic scope many start-ups and business people have started to extend their boundaries by imprinting their identity on this industry.
There are various crypto models that could help any entrepreneur to achieve their ultimate goal. To be specific Crypto exchange business is one of the crypto business models with high potential. Let’s see it in detail,
Cryptocurrencies have been in existence for a decade and gained huge attention among the majority of the population considering their exemplary benefits. This huge community started to make use of these cryptocurrencies by trading and holding them once after purchase. All these buy, sell and trading was achieved effectively with the help of cryptocurrency exchanges. In simpler words, Crypto exchange is a platform that enables users to buy, sell, and trade cryptocurrencies with ease.
Here is a small overview of what makes this crypto exchange business a leading business model. Consider launching your stunning crypto exchange at present, within a few days there will be a set of crypto investors/traders started showing interest in your crypto exchange as you offer them various benefits and a seamless trading experience. Just assume having 0.5% of the total users as your loyal customer, the count would be massive as there are around 300 million crypto users all around the world which is just 4% of our entire population.
Each of your customers makes 2 transactions per day which simultaneously generates thousands of active transactions in a single day. The main source of revenue while running a crypto exchange comes from the fee structures collected from the users. Consider collecting a small percentage of 0.4% as a transaction fee, you would be generating around $5000 in just one day. Feels huge right, who would be neglecting such a successful business model. Also, I have made the entire calculation a minimalistic one. Apart from that, there are other streams that generate revenue too,
Deposit fee
Withdrawal fee
Listing fees
Staking
Crypto derivatives
Margin Trading
IEO Launchpad
Just think of your revenue generated in a single day with all these streams combined together. it would be astonishing. These are fair enough for a business model to be a dominative and fast-growing one. After realizing such a business model, all you have to do is to make out a clear layout of your business, as this part is the vital one that applies to every other business too.
If you aren’t aware of how to make it possible there are certain factors to be taken into account and gain knowledge over below steps to know How to start a crypto exchange business and engage with your business to reach greater heights.
Here the detailed guide to >> create a cryptocurrency exchange << to start and run successful crypto exchange
