Why do invest crypto exchange development services?
The crypto space is an evolving industry among entrepreneurs and startups because of the potential growth in the following years along with the use cases. For understanding
- Revenue in the cryptocurrency market is predicted to reach USD 40.7 billion by 2023.
- The revenue is expected to show a compound annual growth rate (CAGR 2023-2028) of 11.98% by 2028, resulting in a total of US$71.7 billion.
- According to a survey of the cryptocurrency market, the average revenue per user will amount to about US$60.8
Well, startups and entrepreneurs knew that launching a platform was a lucrative business, so they started investing in it. According to their ideas, you can earn through the platform by launching one. But wait, there is a catch, building your own platform isn’t an easy thing to do. Before being involved in the development process, do your own research about what development methods are available in the market, what the revenue methods are, and what the cost of developing one is. Feeling exhausted? Don’t worry, this blog will answer your queries.
As an entrepreneur making an initial investment, you can easily earn double the amount of money through the platform's revenue model by launching your own cryptocurrency exchange platform
Revenue Streams from the cryptocurrency exchange platform
These are the reasons why you should invest in cryptocurrency exchange platform development services, as I mentioned earlier you can easily earn by launching your own platform
Exchange Fee
Every transaction on the trading platform has a fee associated with it. On the crypto trading platform, fee structures are maintained for each transfer.
Withdrawal Fee
As a platform owner, you can collect fees for withdrawn funds. The fees may vary according to the withdrawal amount chosen by the user. For example, if the user withdraws assets from banks or their own wallet, there are additional fees charged for the withdrawal. If it is fiat, then the fee structure increases.
Listing Fee
On the platform, you can charge a listing fee according to the trade volume and popularity of the tokens/coins and it may vary.
Margin Fee
Margin trade helps users borrow funds from your platform, which attracts more users to your platform. Through these, you can charge a fee, like a commission
Advertisements
You can earn money by allowing third parties to advertise on your platform to reach users easily. In these cases, you can collect money by posting ads on your platform
Staking Services
This is the best because staking generates revenue for both the users and the platform owner. Also, it supports lending services; users can lend their cryptos, which can help users earn additional income by holding their assets on the platform.
IEO Services
For token sales on the launchpad to reach higher prices, users can participate in these services. For user convenience and the seamless listing of tokens, you can fix prices to ensure hassle-free trading.
Summing Up
By following the benefits of this method entrepreneurs have started investing in it if you intend to launch a cryptocurrency exchange platform, you should consider the following revenue models. As previously mentioned, the fundamental revenue models comprise trading fees, withdrawal fees, and listing fees.
Why wait? Approach a reputed cryptocurrency exchange development company and tailor your business platform according to your requirements. Start your lucrative business now and reach new heights.
