Why To Start Bitcoin Exchange In 2020

Why You Should Start Cryptocurrency Exchange Business In 2020?

The cryptocurrency industry is nothing without the existence of cryptocurrency exchanges. During the initial time of cryptocurrency, there were only a few cryptocurrency exchanges like bitfinex, Mt.Gox, and Bitstamp. But, as the industry potential started to attain huge attention, Many started to launch their bitcoin exchange website. As a result, 1000’s of local and international cryptocurrency exchanges, are operating inside the market. 

Now, Your entrepreneur's mind may bring some questions to me!!! , 

1. There exist a lot of cryptocurrency exchanges in the market so why should I?
    
2. Will it be possible to beat them all?
    
3. How can I make my exchanges as the top one since the competition is high?

Etc.

Hold on, stop overthinking!

If this thought knocked the team of binance, coinbase, localbitcoins, they may not achieve this growth. 

Let me give you an example, binance was started only in 2017 and it was, half the journey of cryptocurrency. During the time of binance launch, there was a huge competition, because of the popular crypto exchanges bitfinex, poloniex, BitTrex, and Kraken. But the binance team never lost their hope, instead, they keep on updating themselves and have equipped them to provide quality and also secured trading services for their customers. Finally, within one and a half years the exchange has been branched into several countries and has collected a huge customer base from all around the world. 

Now, Binance becomes the precedent of cryptocurrency exchange industry. 

Check out the trading revenue of popular bitcoin exchanges including binance.

source : howmuch.net

So, what I’m trying to say is, If a market is having huge demand, then sure, there will be a huge competition. But, It is up to you, How you are going to tackle the competition.  Never think about competition. Instead, work to meet your goals.

Let me give you a popular quote that I saw online,

Confidence Has No Competition

Disadvantages of Not Starting a Crypto Exchange in 2020

If you are  failing or neglecting to start a cryptocurrency exchange then you will lose a big pot luck. Now let me explain, are those things you will lose  if you fail to start a crypto exchange in 2020.

What Will You Lose If You Don’t Start A Cryptocurrency Exchange In 2020?

1. You may lose the chance of becoming an owner of a billion-dollar business
2. You may lose the chance of getting Millions Of profit per Minute without even working on daily.
3. You may fail to grab potential customer base
4. You may lose the opportunity of getting connected with top businesses and entrepreneurs
5. And finally, You’ll be failed to become a part of the cryptocurrency industry success in 2020

Originally Published article : Why You Should Start Bitcoin Exchange In 2020