Posts Tagged Under: Cryptocurrency

A Warning on Crypto Exchange Projects

Although interest in crypto investing has lately seen a gradual decline, with the recent explosion in the value of Bitcoin, we are often approached by prize-eyeing customers who are eager to begin their own crypto exchange.

Unfortunately, however, this is very much akin to taking a rudderless rowing boat out into the open ocean — without an adequate plan, you are likely to be rocked by unexpected tidal waves.

For this reason, Software Planet would now like to divulge some critical information for those who are still determined to embark upon this journey.

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How Much Does It Cost to Build a Binance-Like Crypto Exchange?

Just as the name suggests, a cryptocurrency exchange is a business, online or otherwise, allowing its customers to trade digital as well as traditional fiat currencies. In recent months, starting up this type of company has increasingly become more enticing, as despite the market’s volatility, companies such as Binance have been making good profit, and prominent exchanges like the Tokyo-based Binance are publicly benefiting from extraordinary amounts of success.

Yet replicating such an achievement is not without its challenges, as important security issues must always be borne in mind.

Nevertheless, by understanding the right components and developing a thorough game plan, you can build a successful crypto exchange both iteratively and inexpensively.

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