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I'd say it depends on many factors. Development costs may be higher or smaller based on the country you're developing the platform in. For example, I suppose that the development of a Coinbase-like platform in my country (Romania) or India would require much less money than it would in Sweden or the USA.
You could probably work with Romanians or Indians from any country on such a platform too in order to minimize your costs, but I would not trust working over-the-air with some company on a serious business. Face-to-face will always be better when it comes to negotiations and business.
The best thing you can do imo is create a well-made list of features you'd like implemented and start calling or emailing different reputable companies and asking them for an approximate price (I guess it'd be +/-$10-15k) of a platform. They will probably also give you a deadline.
Then we have these super-cheap "exchanges" and platforms you can find on the internet where you'd probably get a copycat of some exchange with lots of flaws and you just won't know where to start from without a good team behind your project. IIRC, I've seen some $50-200 exchanges for sale even here on BTCTalk. If you want something serious, that's a very bad idea. Security is the top priority for any crypto exchange imo.
On the other hand, a few months ago I was willing to create an online shop and upon calling some of my local web developers, I have received a price tag of approximately $2k for the shop. Meanwhile, I could've bought a website from a company outside my country for under $100 with even better functions and would've been much easier to manage.. (or I could've bought a $20 design license from some of the best out there and change the template based on my preferences).
Tl;dr: it depends on too many factors so a precise answer imo cannot be given that easily.
You could probably work with Romanians or Indians from any country on such a platform too in order to minimize your costs, but I would not trust working over-the-air with some company on a serious business. Face-to-face will always be better when it comes to negotiations and business.
The best thing you can do imo is create a well-made list of features you'd like implemented and start calling or emailing different reputable companies and asking them for an approximate price (I guess it'd be +/-$10-15k) of a platform. They will probably also give you a deadline.
Then we have these super-cheap "exchanges" and platforms you can find on the internet where you'd probably get a copycat of some exchange with lots of flaws and you just won't know where to start from without a good team behind your project. IIRC, I've seen some $50-200 exchanges for sale even here on BTCTalk. If you want something serious, that's a very bad idea. Security is the top priority for any crypto exchange imo.
On the other hand, a few months ago I was willing to create an online shop and upon calling some of my local web developers, I have received a price tag of approximately $2k for the shop. Meanwhile, I could've bought a website from a company outside my country for under $100 with even better functions and would've been much easier to manage.. (or I could've bought a $20 design license from some of the best out there and change the template based on my preferences).
Tl;dr: it depends on too many factors so a precise answer imo cannot be given that easily.
It makes sense to me. Thanks for the detailed guidance. Can you able to share more insights, detailed research from somebody, or someone's case-study? Just give me a link if you find any or PM, please.
Regards
