Crypto Exchanges raking in millions of dollars daily- Is it easy?

Digital asset exchanges and transactors are the biggest winners of the crypto boom happening in the past 3 years.

The top 10 are generating as much $3 million in fees a day or heading for more than $1 billion per year, according to estimates compiled by Bloombergusing trading volume reported on data tracker CoinMarketCap.com and fee information on the exchanges’ websites.

The trading volume reported by coinmarketcap

Wondering how? Yes. They are making this through the highly complex development involved beyond their income. Developing crypto exchanges like them is not an easy task. Since developing the crypto trading or exchange software is highly complex, its development and debugging can take a whole year or even more. Keep in mind about the time involved, the professionalism of your developer team heavily influences the amount of required time.

The qualified team requires a lot of resources for successful development. I barely estimate the cost for such a development. But it’s different depends upon the features you want and it can’t be exactly determined. For example, creating an exchange with white label your brand takes additional resource time for deployment. Or else white label bitcoin exchange script can be used if you have known coding skills. So do your own research and analyze the market pricing and proceed further.

The exchanges and transaction processors are the biggest winners in the space because they’re allowing people to transact and participate in this burgeoning sector,” said Gil Luria, an equity analyst at D.A. Davidson & Co. The revenue estimates are saying that the boom may influence primary institutional sectors to invest in exchanges. Let’ see what happens in the future.