How To Launch Your Exchange Effortlessly

In 2019, Cryptocurrency trading is a booming activity. This is because many individuals are viewing the volatile prices as a promising investment opportunity. Take the example of the Bitcoin, in January of this year, it was valued at $3500. Fast forward six months to June and its price has grown to an impressive $12900, which translates to approximately a 270% increase!

Today, exchanges all around the world report an upward trend when it comes to daily trading volumes. A quick check on CoinMarketCap shows some platforms reporting more than a billion dollars worth of trading on a daily basis. This presents a perfect opening for budding entrepreneurs to launch their own exchange platforms with the help of third-party development companies.

These companies offer a variety of white label crypto solutions that range from feature-rich offerings to easy customizations. One such brand that is pioneering in this industry is Blockchain App Factory.

This company is known for its premium services that are easy to modify and are highly scalable. They offer three developmental packages that are priced in Bitcoin and have the following advantages:

1. 3 BTC: Gives access to a Coinbase like controlled exchange that is equipped with the latest security protocols.

2. 4 BTC: You can develop a decentralized exchange that supports high liquidity and hosts an optimized order matching consensus.

3. 6 BTC: With this, you can launch a robust Binance like exchange that supports a variety of trading options along with the best and latest features.

Infinite Block Tech offers a free whitepaper and setup installation along with varying periods of post-sale support. Moreover, you can choose which cryptocurrencies to include for your exchange.

Take the case of the Bitcoin which shocked the world with its incredible year-on-year growth within a short span of time. In 2010, the Bitcoin was trading at a minuscule $0.08, but a few years later in 2017, it peaked at $19,783. Even in July 2019, at the time this article was written, the Bitcoin was hovering at the $11,200 mark. The same trend can be seen in other cryptocurrencies such as Ethereum, Ripple, Doge, and many more.

Hence, it is a good idea to enter the crypto exchange business. A quick tour of CoinMarketCap will show that the daily business volumes of average exchanges are in a million dollars ball-park area. Meanwhile, top performers enjoy billions of dollars worth of business! Today, launching your own exchange is very simple, thanks to the numerous development companies available. Many of these companies offer customizable and white-labeled solutions that are easy to install and deploy.

However, that only solves half of the problem. The other half relates to marketing and improving your platform’s reputation. Listed below are tried and tested methods to help your exchange business grow.

1. Advertising: Launch intuitive marketing campaigns that are aimed towards your target audience or demographics.

2. Exchange Listings: Approach an exchange listing to feature your exchange and attract customers.

3. SEO Techniques: Use clear cut digital marketing practices to improve the ranking of your platform on popular search engines.

4. Social Media: Create a dedicated following around your exchange by using social platforms to interact and engage with your users.

5. Influencer Programme: Hire a community figure to vouch for your product and services.

If you were wondering how does one create and manage the marketing aspects, you are in luck! Blockchain App Factory is a top cryptocurrency exchange solutions provider. They have unsurpassed experience in this domain and have successfully launched a number of products. They have exclusive partnerships with top exchange listing and influencers, which will help give your platform an edge. They also house a talented digital marketing team who can develop creative campaigns to make your product stand out from the crowd.

Immanuel Kant is Growth Hacker and Marketing Adviser for Small and Medium Business and Entrepreneurs to Help to Grow Their Business