Why should you start a crypto exchange?

Crypto exchange has secured a top position in the current crypto market. Many individuals who have an interest in crypto trading are buying and selling crypto assets on the crypto exchange platform. so it helps the admin of the exchange to reap a huge amount of profit. At the same time, it makes crypto exchange popular among many crypto audiences.

As a business startup, if you are looking to start a huge-revenue generating business, then starting the crypto exchange is the best and finest solution for you. 

I’m not saying just by words. I did a detailed analysis and found the best business ideas according to the popularity and revenue-earning ways. At the end of my research, I found and sort out the best business idea - crypto exchange. By considering all essential aspects, it is dominant among many business ideas. Also, the demand and hype for crypto exchanges are increasing day by day. Therefore, it’s the right time to kick-start your crypto exchange business in a crypto market

Let’s have a quick view into the revenue-earning ways of crypto exchange

By starting a crypto exchange, you can generate revenue in the following ways 

• Trading fees
• Withdrawal fees
• Listing fees

Trading fees

You can charge fees for each trade. The fees may seem small per transaction but when its volume range gets high, you can make a lucrative amount of profit.

Listing fees

Listing fees may vary depending on the size and popularity of the crypto exchange. Let us see about the price variation from small to large exchange

Small exchanges may charge listing fees from 1- 5 BTC

The medium size exchanges would charge listing fees from 10 to 15 BTC

Large exchanges will charge listing fees from $1 million to $2.5 million 

Withdrawal fees

After buying the cryptocurrencies, users would withdraw their cryptos into non-custodial wallets. For the withdrawal process, you can charge the withdrawal fees. By doing this, you can earn a huge profit.

I hope now you got the idea about why to start a crypto exchange. But before stepping into this business, you should have some awareness of How to start a crypto exchange. By knowing them, you can launch your exchange platform successfully.