Welcome to the Ask SCN Community Forums Global Forum General Discussion Why should a startup start a crypto exchange ?

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  • #5331
    mgaaron
    Participant

    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 >> https://bit.ly/3Cz3bbY << to start and run successful crypto exchange

    • This topic was modified 1 year, 6 months ago by mgaaron. Reason: error
    • This topic was modified 1 year, 6 months ago by mgaaron.
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    #10375
    Jamal
    Participant

    Hey guys! Could you please tell me how I can create a successful startup? Thanks in advance for your answers!

    #10376
    JarinesFranchesko
    Participant

    From my experience, I can tell you that creating a successful tryup is not an easy task at all, and it requires a tremendous amount of effort and dedication on your part. I made many mistakes when I was creating my first tryup and lost a lot of time and money because of it. Thankfully, nowadays there are such articles https://www.visual-craft.com/blog/the-main-key-performance-metrics-for-early-stage-startups/ thanks to which beginner entrepreneurs will be able to make fewer mistakes when creating a startup.

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