As the cryptocurrency industry is relatively new, there is a way for cryptocurrency startups to tap into niche market markets just where there is a high demand. The kind of niche is the financial market. While cryptocurrencies have already started to replace some aspects of the regular banking system, many persons still apply fiat funds to transact and exchange. A crypto new venture can take good thing about this lack of regulation to the market with lower barriers to entry and higher growth costs.
The Dydx cryptocurrency exchange is you case in point. It enables traders to obtain and sell cryptocurrency in an international market. It has already highly processed more trades than Coinbase, the most popular cryptocurrency exchange inside the U. H. As of the bottom of 2017, Dydx got processed a lot more than $18 billion dollars in orders. The cryptocurrency exchange is to normal to pull in $75 million in earnings this year and is also on track hitting $125 , 000, 000 by the end for the year, in accordance to the executives. Moreover to earning cash, Dydx is definitely projected to produce $81 million in net profit intended for 2019.
Whilst Coinbase has been the leading cryptocurrency exchange on the globe, there is continue to a great deal of place for new traders. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. https://technoprobiz.com/how-to-implement-a-customer-oriented-strategy/ Also to Coinbase, other startups are looking at the continuing future of crypto.