Don't Start That Cryptoexchange

Written by FrederikBussler | Published 2019/09/11
Tech Story Tags: cryptoexchange | cryptocurrency | cryptocurrency-exchange | crypto-exchange | start-a-crypto-exchange | crypto-trading | cryptocurrency-trading | crypto | web-monetization

TLDR A massive over-supply of crypto-exchanges, combined with waning demand, is a problem. The only reason to create a startup is that you've spotted an unmet market need, but the need for cryptoexchanges is met with one-tenth or one-one-hundredth of the number of exchanges out there now. The average daily exchange volume in total is around $55 billion, so it's even greater than the numbers we played with above. However, those twenty seven dollars come with massive risk.via the TL;DR App
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Written by FrederikBussler | Published author and writer.
Published by HackerNoon on 2019/09/11
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