The Crypto market’s popularity skyrocketed in the last couple of years due to all of the new technologies that sustain it.
And this is not surprising, since it makes people’s life mostly carefree. Without third parties that often mess with the transactions and all, no wonder crypto is so close to overcoming fiat.
With so many crypto enthusiasts, it would be a pity not to take advantage and launch your own company in this domain. Especially an exchange service that could get you considerable income growth.
If you’re interested, in this article, you will find one of the most used and specific ways of working to make money by owning a crypto exchange platform.
1. Listing Fees
If you launch a crypto exchange platform, expect to get many requests from companies who want to list their tokens and coins on your platform.
And hear us out, don’t sell yourself cheap. According to the Bitcoin Market Journal, if you are hitting the road, you can demand up to $30,000. After you get bigger, you can charge up to 10 times more, and if you make it to the top, then fees can go up to $2.5 million.
How well does that sound?
2. IEO Fees
Besides those willing to pay fees to list their cryptocurrency, some young companies ask for your help to get them out of anonymity. They offer you many tokens so you can organize an Initial Exchange Offering for them. After the event is over, you charge a percentage of their profit, and that’s it.
IEO fees could get you a considerable amount of earnings, depending on the number of sales.
3. Trading Fees
Companies aside, you can obtain money by, of course, applying trading fees for traders. There’s no need to ask for large amounts. On the contrary, you have more to win if you drop them as close as 0.1% – the smaller the fees, the more significant the number of trading transactions.
4. Market Making
Market making is one of the favorite methods of increasing income by people in business around the world. In short, you create value for a cryptocurrency. You can buy some tokens, resell them on your exchange platform at a higher price, and then swap with another platform that counterbalances your previous trade.
5. Sponsored Advertising
Now there’s something cool!
Did you know that owning a crypto exchange platform can practically make you a publisher, a host for sponsored articles? And you can’t just let companies promote themselves on your platform for free, right?
Depending on your website’s visitors’ size and profile, you can demand up to $1,800 per month, according to website monetization specialist Andrea Bronzini.
How can I start my crypto exchange platform?
If we convinced you to join this market, you have two options to create a crypto exchange platform. You could, of course, build it from scratch. But you need solid coding knowledge and a reliable team because there is a lot to consider, and you want the platform ready as soon as possible.
Another option, however, is to use an open-source cryptocurrency exchange software. And honestly, it is also the most recommended option. The necessary code is provided, and it is entirely free. A good example is Openware’s open-source crypto exchange software, which offers you the possibility to customize your platform as you wish. It’s up to you how you want to differentiate yourself from the competition.
So, can you make a living by running a crypto exchange business? You sure can.
It’s not an easy road, and you need a solid tech team to back you up and a good understanding of crypto business, as well as financial cleverness.
But if you put your platform together just right, and you have a serious marketing plan to back it up – the rewards, in the end, are well worth it.
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