An ideal way to start a OTC crypto exchange like coinbase
As a startup/crypto enthusiast, you may be wondering which exchanges are in demand in the crypto market. Let’s see
For the past few years, cryptocurrencies have been booming in the crypto marketplace. when the market rate of cryptos goes down. It persuades many users to trade more cryptocurrencies in a single shot.. This type of bulk exchange can be done only in the Platform of OTC exchange. So let's see,
What is OTC and where does it take place?
OTC exchange supports a chat feature that allows users to communicate directly with the admin to quote a price for a specific quantity of cryptocurrency in bulk, and they may then respond to trade requests in either cryptocurrency or fiat. So in this way, users trade bulk crypto in OTC exchange.
On the OTC platform, there are several exchanges. Here we're gonna see the coinbase exchange, Coinbase exchange is one of the largest cryptocurrency exchanges by trading volume. It had consistent growth since the year 2012.
So as a startup building an exchange like Coinbase using a Coinbase clone script will help your exchange business succeed in the long run. Let's examine the Coinbase clone script now.
Coinbase exchange script is a pre-designed software of the existing Coinbase exchange which has the exact features of Coinbase. This Coinbase clone script can be customized by adding extra features, modules, designs, UI, etc. This Coinbase clone script makes your exchanges visible as robust and trustable ones.
This script method is best suited for emerging firms who are looking to enter the cryptocurrency exchange market. In business, Time and speed are the consistent keys. Therefore, the Coinbase clone script is the greatest option to launch your business as quickly as possible. Whereas, it has been created within a week. Its cost ranges from $8000 to $14000, which is less compared to alternative ways of creating an exchange like coinbase software.
As a budding startup, Building an OTC exchange is a brilliant idea, so implementing it with the coinbase clone script can make a high revenue by setting your own price at a certain margin level of the current market value for the cryptocurrency that you are selling to the traders.
Using the Coinbase clone script to launch an OTC exchange like Coinbase is a wise decision if you want to beat the competition in the cryptocurrency exchange market. So analyze the current market trends and find the best coinbase clone script service provider which suits your business requirements.