Is owning a crypto exchange profitable ?

kalki143

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If you get the backend correct and not lose people's money it can be profitable. Exchanges are most prone to backdoor attacks and such.
 

Jookar

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I will start a small one for Indian people.
in indian isnot That Easy to Open Exchange the Way you just said “I will start a small one for Indian people” Their always 100’s things Need to take care Before even Launching any Exchange in India. and if we talk about the profit of Exchanges than Understand one Thing the More trades will Loose in your Exchange the More you will be Profit ever
 

krishnaverma

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krishnaverma

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RoyDanino

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I used to work for a crypro broker.
The level of regulation, security, developers and support required to start, and the amount of ad spend required for people to even hear about makes it impossible to do it without extremely deep pockets.
You can't run ads anywhere unless you're fully regulated, and if your market is India - forget about Google.

And if it's an exchange, you need to keep people's crypto and fiat safe.
 

Jookar

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Binance invested in it quite later. You can read its journey, very basic.
i did Read all about Nischal Shetty & CZ. and all about the Exchange who Invested and who didnot especially who has Biggest support to stand Wazirx !

anyway all about the Matter of Exchange to Exchange and this isnot Important who Start how ! instead important is how to start and that was your question
 

neruyoun

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Yes, it is profitable...but you need people to trust the security of your exchange
 
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