As the cryptocurrency industry is relatively fresh, there is the possibility for cryptocurrency startups to tap into area of interest markets where there exists a high demand. The sort of niche may be the financial sector. While cryptocurrencies have already begun to replace a lot of aspects of the conventional banking system, many persons still make use of fiat cash to transact and exchange. A crypto itc can take advantage of this lack of regulation to the market with lower limitations to entry and larger growth costs.
The Dydx cryptocurrency exchange is a person case. It permits traders to acquire and sell cryptocurrency in an world-wide market. They have already refined more orders than Coinbase, the most popular cryptocurrency exchange in the U. Ring. As of the completed of 2017, Dydx got processed more than $18 billion in orders. The cryptocurrency exchange is to normal to pull in $75 million in revenue this year and it is on track to hit $125 , 000, 000 by the end for the year, with respect to its executives. Moreover to generating revenue, Dydx is normally projected to generate $81 , 000, 000 in net profit pertaining to 2019.
While Coinbase has been the leading cryptocurrency exchange on the globe, there is continue to a great deal of place for new entrants. While Coinbase processes $15 billion in transactions daily, rival www.technoprobiz.com/how-to-implement-a-customer-oriented-strategy/ exchange Binance processes $90 billion in transactions daily. Additionally to Coinbase, other startups are looking at the future of crypto.