Crypto exchange is one of the most popular business ideas in the crypto industry which has huge active followers and revenue-earning modules when compared to other business ideas. So it influenced many business startups to start their own crypto exchange.
After starting their own crypto exchange, Not all entrepreneurs can be successful in their businesses. because they are unable to lead their exchange as per their plans. And their revenue earning ratio was not as per the expected level.
Now, you may get shocked and ask - Is it true?
Yeah, this often happens due to the unawareness of choosing the best business model for their exchange. In the end, they struggled to lead their exchange business and were unsatisfied in many aspects.
As a budding startup, having the vision to start a crypto exchange is an ingenious move to place your feet in the crypto market. In addition to these, you should do some proper analysis to pick the finest business model for your exchange. It assists you to lead your exchange business in a successful way.
Finding the best one is not the easiest task, it takes more time. In order to make this process simple and to create a wonderful carrier for you in the crypto space, I made an analysis and came out with the finest crypto exchange business models
Without any delay, Let’s have a quick view into it.
Binance
Binance is one of the most prominent crypto exchanges in the current crypto industry. It was founded in the year of 2017. It holds more than 200+ cryptocurrencies and has high-end security mechanisms. In addition to these, it is a centralized order-book exchange type. Binance was the only exchange that has good revenue earning ratio. Therefore, starting an exchange like binance can help you to generate enormous amounts of profits in several ways. Such as,
- Trading fees
- Withdrawal fees
- Deposit fees
- Transaction fees
Coinbase
Coinbase is one of the popular OTC crypto exchange platforms in the crypto industry. Its bulk-trading features and revenue-earning factors influenced many business startups to pick the coinbase as their business model. By creating crypto exchange similar to coinbase, you can make money in multiple ways, such as
- Bulk trading fees
- Crypto Withdrawal fees
- Fiat Deposit fees
- staking
- Transaction fees and more
Paxful
There are lots of p2p crypto exchange platforms in the crypto market. But among that, Paxful is one of the popular and huge revenue-generating platforms. The ad-based features enabled in the exchange impressed many crypto audiences. This makes the platform more popular and by starting an exchange like paxful, you can easily reap a profit in multiple ways such as
Transactional fee
Withdrawal fee
Ad posting fee
I hope, that you got the idea to pick the best business model for your crypto exchange business. After choosing the best one, you may have queries regarding the crypto exchange development process.
No worry!!!
I have the best solution for you - a clone script.
The term “clone script” is not a new one for entrepreneurs. Also, it is one of the most preferred ways to start the crypto business
Now you may ask, why clone script is preferred choice?
Clone script is a ready-made solution. so it completely reduces the difficulties in the development process and you can easily develop your crypto exchange as per your business demands at a budget-friendly cost.
Before getting started with the clone script, you should know about the best cost-effective clone scripts for crypto startups. By knowing them, you can smoothly start a crypto business in a hassle-free manner.