As the cryptocurrency market is relatively fresh, there is the possibility for cryptocurrency startups to tap into specific niche market markets exactly where there is a high demand. One particular niche is a financial market. While cryptocurrencies have already started to replace a few aspects of the standard banking program, many persons still make use of fiat funds to transact and exchange. A crypto itc can take good thing about this lack of regulation to the market with lower obstacles to connection and larger growth rates.
The Dydx cryptocurrency exchange is one model. It enables traders to get and sell cryptocurrency in an international market. It includes already prepared more transactions than Coinbase, the most popular cryptocurrency exchange in the U. Ersus. As of the end of 2017, Dydx had processed a lot more than $18 billion dollars in trades. The cryptocurrency exchange is on the right track to pull in $75 mil in earnings this year and it is on track to hit $125 million by the end for the year, with respect to it is executives. Furthermore to earning cash, Dydx is certainly projected to generate $81 , 000, 000 in net profit with respect to 2019.
While Coinbase has been 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. additional reading Also to Coinbase, other startups are looking at the ongoing future of crypto.