How To Develop a Cryptocurrency Exchange Platform Like Coinbase?

Started by jimwitt, Oct 04, 2022, 04:32 AM

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jimwittTopic starter

Coinbase, the company was established in 2012 with a radical idea to enable each crypto user to send and receive digital currency - bitcoin, and today, the company is built as a trusted and easy-to-use platform for utilizing the broader cryptoeconomy.

Talking about the coinbase market size, according to a statista report, Coinbase saw its net revenue grow significantly in 2021 compared to 2020 and 2019. And, had more net revenue in each quarter of 2021. The net revenue of Coinbase in 2021 (Q3) is estimated to be USD1,235 million.
Read More: newbielink: [nonactive]


The first option that comes to mind is to develop a platform from scratch. This is a great way to bring more benefits.
You will be able to get your own reliable exchange, the profit from which you will manage independently. At the same time, it takes a lot more time, money and effort.

The second way is to buy ready–made scripts, better known as White Label Solution. It is cheaper than the previous version.
At the same time, the main modules will be ready, it remains only to customize the site. However, you will have less control over it, you will need to contact the supplier to make changes, and you will have to pay interest on the profit.

The last option is to use open source (Open Source Solution). This is a free way.
Again, the foundation is already ready: you just need to make edits to unify the system. But in this case, the security of the service suffers very much, and you can not wait for support.