Money has been evolving since trading started which actually has budded from commodity exchange. In the current era of its digital form – Cryptocurrency, knowing how to start own Crypto exchange makes you a successful trader in 2020.
What is a Cryptocurrency?
A Cryptocurrency is digital or in other words electronic-virtual money. BitCoin is the earliest Cryptocurrency which is valued at above 15,000 USD as of now which was at around 5,000 USD in 2018.
Due to the fact that it is not widely accepted by many merchants, it now is a target mostly for investors and traders. Ethereum and Ripple are some of the Cryptocurrencies in the market which are equally important as BitCoin now.
A Crypto Exchange
A Cryptocurrency Exchange or a Crypto exchange is much similar to the traditional Stock Exchange Trading. An end-user can sell or buy Cryptocurrency based on its current market price.
The exchange acts as a middleman between buyers and sellers to finish trades in the market. Thus, they charge a nominal price for each trade with which they are making profit.
Starting a Crypto Exchange needs a lot of understanding of the forex trading and at most experience with the market. There are readymade solutions available in the market to launch your own Crypto Exchange for experienced as well as amateurs.
LaunchFXM provides such plug & play solutions with which you can start own crypto exchange. We provide tailor-made solutions for your needs at affordable costs.