As the cryptocurrency industry is relatively new, there is an opportunity for cryptocurrency startups to tap into niche markets exactly where there is a high demand. The sort of niche may be the financial industry. While cryptocurrencies have already begun to replace some aspects of the conventional banking program, many people still employ fiat funds to transact and exchange. A crypto startup can take advantage of this lack of regulation to the market with lower limitations to front door and bigger growth rates.
The Dydx cryptocurrency exchange is a single case in point. It allows traders to get and sell cryptocurrency in an world-wide market. They have already highly processed more transactions than Coinbase, the most popular cryptocurrency exchange in the U. S. As of the end of 2017, Dydx had processed a lot more than $18 billion in transactions. The cryptocurrency exchange is on target to pull in $75 million in earnings this year and it is on track to kick $125 million by the end belonging to the year, relating to the executives. Moreover to generating revenue, Dydx is projected for making $81 , 000, 000 in net profit pertaining to 2019.
Although Coinbase is the leading cryptocurrency exchange on the globe, there is even now a great deal of space for new entrants. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. www.technoprobiz.com/industry-transformation-process-step-by-step-check-list/ Also to Coinbase, other online companies are looking at the future of crypto.
