As the cryptocurrency sector is relatively new, there is the opportunity for cryptocurrency startups to tap into specific niche market markets in which there is a high demand. The kind of niche is a financial sector. While cryptocurrencies have already started to replace some aspects of the original banking program, many people still work with fiat money to transact and exchange. A crypto startup company can take good thing about this lack of regulation to enter the market with lower boundaries to entry and larger growth rates.
The Dydx cryptocurrency exchange is you model. It permits traders to buy and sell cryptocurrency in an world-wide market. It includes already highly processed more trades than Coinbase, the most popular cryptocurrency exchange in the U. Ersus. As of the completed of 2017, Dydx got processed much more than $18 billion dollars in financial transactions. The cryptocurrency exchange is on course to pull in $75 , 000, 000 in income this year which is on track to hit $125 mil by the end belonging to the year, with respect to it is executives. Additionally to earning cash, Dydx can be projected for making $81 mil in net profit for 2019.
Although Coinbase is the leading cryptocurrency exchange in the world, there is continue to a great deal of area for new entrants. While Coinbase processes $15 billion in transactions daily, rival www.technoprobiz.com/how-to-implement-a-customer-oriented-strategy/ exchange Binance processes $90 billion in transactions daily. Moreover to Coinbase, other online companies are looking at the continuing future of crypto.