How a Crypto Startup Can Utilize a Niche Marketplace

October 2, 2022 12:00 am Published by Leave your thoughts

As the cryptocurrency industry is relatively new, there is a possibility for cryptocurrency startups to tap into area of interest markets exactly where there is also a high demand. The sort of niche is the financial market. While cryptocurrencies have already commenced to replace a lot of aspects of the regular banking system, many persons still apply fiat funds to transact and exchange. A crypto startup company can take advantage of this lack of regulation to the market with lower barriers to front door and larger growth rates.

The Dydx cryptocurrency exchange is you case in point. It allows traders to get and sell cryptocurrency in an foreign market. It includes already refined more deals than Coinbase, the most popular cryptocurrency exchange inside the U. S i9000. As of the end of 2017, Dydx possessed processed more than $18 billion in orders. The cryptocurrency exchange is on track to pull in $75 , 000, 000 in earnings this year and is on track to kick $125 mil by the end belonging to the year, in accordance to their executives. Moreover to earning cash, Dydx can be projected to generate $81 , 000, 000 in net profit pertaining to 2019.

While Coinbase has been the leading cryptocurrency exchange in the world, there is still a great deal of space for new traders. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. Moreover to Coinbase, other online companies are looking at the continuing future of crypto.

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