Despite crypto winter, the interest in blockchain and cryptocurrency is constantly growing. Many top companies and funds explore the opportunities blockchain technology offers.
For instance, MicroStrategy invested $250 mln in BTC as a treasure reserve. Now, the company’s CEO Michael Saylor insists they will buy more because BTC is superior to cash.
Tesla is known for its love-hatred relationship with Bitcoin. The company purchased BTC for over $1.26 bln and sold three-quarters of its holdings. So, the company still holds a large number of BTC. And its CEO Elon Musk is known for explicitly supporting DOGE.
Microsoft is actively exploring the opportunities blockchain offers and even building for the “Web3” era that is supposed to boost the transparency and trust of the service.
Top Cryptocurrency Exchanges
Cryptocurrency exchanges take a significant share of the crypto market. Ranked by the trading volumes, the following platforms are the leaders.
- Binance takes first place with its trading volume of about $12 bln. It is worth mentioning that after the FTX collapse, many users switched to Binance due to the company’s reliability and transparency.
- Coinbase takes second place with a trading volume of about $2 bln. As you may notice, the volumes are still incomparably lower than those of Binance.
- Kraken takes third place with a trading volume of about $0,8 bln.
However, the market is far from being saturated. The interest in crypto assets has already started growing, and when the market stabilizes, it will boom.
Therefore, the demand for exchange services will boost, too. Launching a cryptocurrency exchange is a wise decision.
How Much Is It to Launch a Crypto Exchange?
Launching a crypto exchange platform is not cheap. Developing a basic platform with standard features would cost you tens or even hundreds of thousands of dollars, depending on the size of your team and many other factors. Add costs for maintenance, growing brand awareness, attracting users, marketing, etc., and the price will rise multiple times. Consider also that the development process alone will take several months.
Why Choosing a White-Label Solution?
If you want to save money and time, consider a white-label cryptocurrency exchange solution such as those offered by LetsExchange.
With a white-label solution, you don’t need to develop a platform from scratch; instead, you get the required software for the platform launch. So, you save at least some months by eliminating the development process.
There is no need to hire a development team to create all the functionality. You just get a ready-made solution and customize it if needed. Instead, you can focus on processes not connected to development, such as marketing, promoting the platform on the local markets, etc.
In addition, you don't have to worry about KYC/AML and the legalization of crypto processing. LetsExchange takes care of these issues.
How quickly can you start offering crypto exchange services using a white-label solution?
If you use LetsExchange’s white-label solution, it involves the following steps:
- Register a partner account on the platform whose white-label solution you will use.
- Create a website and customize white-label software to fit your brand identity.
- Finally, you can start offering crypto exchange services with all exchange functionality and over 4,500 supported crypto assets.
- You can always contact the dedicated support team if there are any issues.
Here are some examples of platforms that followed this route:
How much can you earn using a white-label cryptocurrency exchange solution offered by LetsExchange?
Well, let's talk about money.
First of all, you can use LetsExchange's white-label solution for free. Thus, you can test your business without the risk and save money and time on development.
The amount of your earnings depends on many factors. Among them:
- Investment in marketing and user acquisition for the service. The more you spend, the more users you have, and the more you earn.
- The region you are working with. Some companies are trying to work in the global market, competing with leading crypto companies. Others choose a development strategy in a particular region, relying on their knowledge of local specifics. In any case, different countries have different levels of crypto adaptation. Therefore, the greater the penetration of crypto in your region and the higher the total average income of your users, the greater your earnings.
- The size of the fee. We can adjust it according to your requirements. You will earn more if you can attract users even with less favorable exchange rates.
Thus, with sufficient investment, you can earn thousands and tens of thousands of dollars on the exchange of cryptocurrencies. At the same time, LetsExchange does not limit the number of swaps, their size and the total revenue of the partner who uses the white-label solution. Respectively, the partner's income can be even higher.
If you want to start earning right now, contact us and get a white-label exchange solution, make crypto accessible to your users, and start earning on it!