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2 Oct 2022

As the cryptocurrency industry is relatively fresh, there is a possibility for cryptocurrency startups to tap into specific niche market markets wherever we have a high demand. An excellent niche is definitely the financial market. While cryptocurrencies have already started to replace a few aspects of the standard banking system, many persons still make use of fiat funds to transact and exchange. A crypto international can take benefit of this lack of regulation to enter the market with lower limitations to accessibility and bigger growth rates.

The Dydx cryptocurrency exchange is a single example. It enables traders to acquire and sell cryptocurrency in an foreign market. It has already refined more transactions than Coinbase, the most popular cryptocurrency exchange inside the U. H. As of the end of 2017, Dydx experienced processed a lot more than $18 billion dollars in deals. The cryptocurrency exchange is on track to pull in $75 , 000, 000 in revenue this year and it is on track to kick $125 million by the end in the year, relating to the executives. Furthermore to earning cash, Dydx is definitely projected to make $81 mil in net profit with respect to 2019.

Although Coinbase has been the leading cryptocurrency exchange in the world, there is continue to a great deal of bedroom for new traders. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. Also to Coinbase, other startups are looking at the ongoing future of crypto.



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