Is Bitcoin the new gold? The ETF approval from the SEC and the upcoming halving event greatly impacted Bitcoin and other cryptocurrencies prices in an uptrend. It makes it highly possible for Bitcoin to become the new gold of the 21st century. So if you’re planning to make profits from this bull run, many business options are available. As a crypto enthusiast, I suggest starting your own crypto exchange can make you a millionaire with its various revenue stream options.
However, developing a crypto exchange from scratch may cost a lot of time and funds. That’s why most business owners are opting for a white-label exchange which can be customized as per their needs without breaking your bank account and most importantly it can be launched in a few weeks. With a genuine top-rated White-label Crypto Exchange Development Company, you can kickstart the venture without worries. But making it profitable is the main concept that every entrepreneur should concentrate on.
The worldwide market for cryptocurrency exchange platforms is predicted to grow to $110.12 billion by 2028, up from $45 billion in 2022. This growth is expected to happen steadily at a rate of about 16.08% each year until 2028. If you wanna be a part of this growing business and make money out of it. Don’t worry we got you covered.
In this blog, we will look at the top 7 ways that white-label crypto exchange owners can make money.
1. Trading Fees:
When you trade cryptocurrencies on an exchange, you might have to pay a small fee for each trade you make. This fee helps the exchange make money. For example, if you buy $100 worth of Bitcoin, you might pay a fee of $0.20. Similarly, if you sell $100 worth of Ethereum, you'd also pay a fee of $0.20. These fees add up as more people trade, and that's how you can a lot of revenue.
2. Listing Fees:
When a new cryptocurrency wants to be available for trading on an exchange, it might have to pay a fee to get listed. This fee can vary depending on how popular the exchange is and how many people use it. For instance, if a new token wants to be listed on an exchange like Binance, it might have to pay anywhere from $100,000 to several million dollars. This money helps the exchange cover its costs and make a profit.
3. Withdrawal Fees:
When you want to take your cryptocurrencies out of the exchange and put them into your wallet, you might have to pay a small fee. This fee helps the exchange cover the costs of moving the cryptocurrencies around securely. For example, if you want to withdraw 1 Bitcoin from the exchange, you might have to pay a fee of around $50. The amount of the fee can depend on factors like how much you're withdrawing and which cryptocurrency it is.
4. Deposit Fees:
Sometimes, when you put money into your exchange account, you might have to pay a fee. This can happen when you deposit money using methods like bank transfers, credit cards, or other cryptocurrencies. For instance, if you deposit $1,000 into your exchange account using a bank transfer, you might have to pay a fee of $10, which is 1% of your deposit. This fee helps cover the costs of processing deposits and managing the exchange's finances.
5. Staking Services:
Some exchanges offer a service where you can earn rewards by holding certain cryptocurrencies on their platform. The exchange takes a small percentage of these rewards as a fee. For instance, if you stake 100 tokens and earn a 10% reward, the exchange might take a 20% fee, leaving you with an 8% reward. This service encourages people to keep their cryptocurrencies on the exchange while also making money for the exchange.
6. ICO/IEO Launchpad:
An ICO/IEO launchpad is a place where new cryptocurrency projects can raise money by selling their tokens. The exchange charges these projects a fee for using their platform. For example, if a project raises $1 million through an IEO on the exchange, they might have to pay a fee of $50,000. This helps the exchange earn money while also giving new projects a way to raise funds.
7. Launching your own Token:
Creating and listing your cryptocurrency token on an exchange can help white-label crypto exchange owners make money. For instance, WazirX, an exchange in India, did this with their token called WRX. People can use WRX to pay for trading fees on WazirX, getting discounts. They also give out WRX tokens as rewards for different things, like referring new users. This makes more people use the exchange, leading to more trading and more money made in fees. So, having your token can make an exchange more active and profitable.
To Wrap it up..,
In conclusion, there are many ways for white-label crypto exchange owners to make money. From charging fees for trading helping with ICOs and providing liquidity, there are lots of options. But setting up and running an exchange can be hard sometimes.
To make it easier and more successful, it's important to pick a good Crypto Exchange Development company to help develop the exchange. With their expertise and support, owners can launch and grow their platforms smoothly. Last but not least, from the words of Billionaire Jackma, 'Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble. If you wanna be a part of this revolution start your venture in this industry and grow. At last, with the right approach and support, white-label exchange owners can make a lot of money while being successful.
