Believe it or not, cryptocurrencies and allied activities no longer fall under the shadow of the niche label. After Bitcoin’s commendable run in 2017, cryptocurrency has become a global phenomenon. Not only did it bring innovative crowdfunding models like ICO, IEO, and more, it also opened a Field of Opportunity, as singer Niel Young would croon.With cryptocurrency often touted as the future, it provides budding entrepreneurs with a galaxy of business initiatives. One such opportunity is that of cryptocurrency exchanges. They can be compared to traditional forex platforms that allow the exchange between different fiat currencies. With more than 2200 cryptos in circulation, the possibilities are endless.By including a few additional features like margin trading, trade bots, binary options, and more, crypto exchanges are now a multi-billion dollar endeavor. A simple scroll on CoinMarketCap will reveal that the daily trading volumes of many platforms are in the vicinity of the three comma club.Interestingly, it is very easy to enter the exchange business. With the presence of many technology solution enterprises, launching a platform is a matter of days. However, it’s easier said than done. As a rule of thumb, a business person should always do his/her research before committing. Fortunately, ...
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