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Author Topic: The cost to build decentralized cryptocurrency exchange like Binance  (Read 116 times)
gowthamsid
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February 27, 2019, 07:09:23 PM
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 Roll Eyes Alwintechnologies offer to you, a cryptocurrency exchange business application similar to the Binance. We assist you a tour of the binance business application and the features that are offered by us. We will mention the price and required timeline for the project while moving to the next level of communication after satisfying the demo of binance application.

Feel free to contact us to discuss about like binance cryptocurrency exchange development to kick off your start-up business.

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February 27, 2019, 09:23:19 PM
 #2

The question is whether it is still worth opening a centralized exchange. Many exchanges have recently closed, as they can no longer be operated profitably. In addition, centralized exchanges are increasingly required to execute KYC and AML, which requires additional resources and generates costs. A exchange has to grow big fast , otherwise it has no chance to survive.
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February 28, 2019, 03:30:42 AM
 #3

Feel free to contact us to discuss about like binance cryptocurrency exchange development to kick off your start-up business.

And the proof is what? What do you mean "like binance" exactly? The UI?
I'm pretty sure nobody would take you seriously if you don't post any portfolio (or even if there is, they're probably a beginner in business).




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March 02, 2019, 10:14:53 AM
 #4

Many exchanges have recently closed, as they can no longer be operated profitably.
Maybe this is the time to set up such projects. Many of the exchanges began in mid-2017 because of the boom in the cryptocurrency market but with the last year collapse, most of the projects were closed by the end of 2018.
Now the market is stable and may see further gains.

The question is, does the market need more platforms? If you plan to be like Binance you will not succeed because it has the advantages and the month. Either you have a unique idea or go away.

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March 02, 2019, 03:43:44 PM
 #5

the launch of crypto exchanges is getting as worse as few times back when ICOs  launched multiple every day. It is just to hard to be able to compete against the largest exchanges. So even if I have the money to build an exchange or launch an exchange like binance I wouldn't even think about launching one.

I would rather develop a brilliant app that can be applied on the major exchanges.

Really starting to get fed up by people thinking that they can easily launch an exchange.
Firstly it is very time consuming. You need a large amount of employees. It just brings to much work and stress. I rather wake up every day without stress and just work whenever I want to without needing to worry about an exchange with 1000s of customers...

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March 02, 2019, 05:13:31 PM
 #6

The question is, does the market need more platforms? If you plan to be like Binance you will not succeed because it has the advantages and the month. Either you have a unique idea or go away.

If we look to the current situation of centralized exchange forcing KYC, the recent hacked exchange. A more decentralized platform is surely required, we need to urge the development of DEX and spread the community about the benefit of it. After all, Decentralized exchanges fit with the nature of cryptocurrencies.
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March 02, 2019, 05:29:17 PM
 #7

The question is whether it is still worth opening a centralized exchange. Many exchanges have recently closed, as they can no longer be operated profitably. In addition, centralized exchanges are increasingly required to execute KYC and AML, which requires additional resources and generates costs. A exchange has to grow big fast , otherwise it has no chance to survive.

Correct,
For the original crypto, the future will be in decentralized exchanges
On the other hand, particularly in the perspective of STOs, exchanges such as Binance are probably the banks of the future.


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March 02, 2019, 06:01:31 PM
 #8

OP, care to share the ballpark figure for a Binance DEX? It's surely cheaper now that the path's been struck.

The question is whether it is still worth opening a centralized exchange. Many exchanges have recently closed, as they can no longer be operated profitably. In addition, centralized exchanges are increasingly required to execute KYC and AML, which requires additional resources and generates costs. A exchange has to grow big fast , otherwise it has no chance to survive.

I think, if a good business model can somehow balance regulatory compliance and privacy, take the best of the old world and fix it up with responsible monitoring aka Japanese model, it can certainly work well. I'm a big fan of DEXs and still want to see them succeed (and I believe they will) but for as long as people actually still prefer custodial services (and they do, actually), a well-managed CEX can still be very profitable. Binance proves this.

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