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Every entrepreneur & startup knows - Crypto/ Blockchain technology is revolutionizing business operations, but which crypto/blockchain business ideas are practical in the real world? Here is the list of best crypto/blockchain business ideas,
- Crypto Payment Gateway Business,
- Cryptocurrency Exchange Platform,
- Crypto Loan,
- Launch a Digital Wallet,
- Crowdfund With Crypto,
- NFT
These are some of the ongoing & trending crypto opportunities in the current space. Speaking of these business opportunities, one business idea attracts many business enthusiasts & startups, That is - the Cryptocurrency Exchange Platform. Yes, Cryptocurrency Exchange is one of the profitable & best revenue-generating business models. Here I've presented some live examples,
- Binance - has generated $20 billion of revenue last year from their exchange platform
- Coinbase - generated 1.14 billion USD in the year 2020
- Paxful - Apporoxmately, they’ve generated revenue of $54.3M per year
Now you got an idea, why an entrepreneur or a budding startup is willing to start an own crypto exchange platform. I can you sense your thoughts, if you’re an entrepreneur or a startup you’re also interested in starting their crypto exchange platform, but don’t know how to do it? No worries, I will be you. You can start your crypto exchange platform by following these 10 steps.
10 Simple Steps to Start a Crypto Exchange:
- Do some market research
- Determine the operational region for starting a crypto exchange business
- Choose the type of crypto exchange
- Design the architecture of the exchange
- Hire a legal team of counselors.
- Identify the best cryptocurrency exchange script, provider
- Partnership with the leading payment processor
- Ensure to have strong security features
- Do beta testing
- Have a customer support channel
If you follow these simple steps, you can easily launch your exchange platform.
I hope the above information is useful for you.