|
October 17, 2015, 10:43:26 AM |
|
There are plenty of exchanges popping up lately and 95% fail after some times as there is no interest in them, or because they simply don't have the knowledge and funds to run it. As a serious exchange to start, you need to invest hundreds of thousand dollars upwards to a million in security, staff & support, servers, advertising, getting the right documents to start, legal fees, etc. And then you also need to have a huge bankrol in order to make sure people can convert their BTC to fiat and then cashout to their bank accounts. At the very beginning it's more spending than getting a decent income.
You need market movers, small traders, rookies, and make them trade as much as possible. BTC-E for example, made around $8000 from trading fees today. Bitstamp made around $20,000 from trading fees today. (All this is a very rough guess, so don't quote me on that.)
If you can't establish yourself well, then you end up with losing huge loads of invested money. You need to market yourself very well to have a chance to grab a part of this very aggressive market.
|