SETTING UP YOUR
CRYPTO CURRENCY EXCHANGE
“Bitcoin will do to banks what email did to the postal industry.”
Change is the only constant we all have witnessed. The barter system, the gold standard, and now fiat currencies, history is proof that the way we transact and deal with our money has changed over time. This change isn't possible overnight, but this change is inevitable. With globalization, advancement of technologies, and accessible hopscotching between world borders, why are our currencies limited to the same land? Why not have a currency which connects the whole world. Blockchain’s mainstream invention, cryptocurrency, is aimed to solve this problem.
We at BancorpTrust are bridging the gap between present & future by empowering you to participate in the world of crypto, not as an investor or trader but as a businessman. It not only ensures the security and stability of your funds but also enables avenues to grow and earn.
Contact us to know more about how you can enter the space of Blockchain or crypto rephrase “safely land on the moon.”
WHY SHOULD YOU CARE ABOUT CRYPTOCURRENCY?
1.) Everyone owns cryptocurrency
Rather than one regulating body, crypto is a decentralized currency whose value is majorly decided by demand and supply factors.
2.) Cryptocurrency cannot be forged.
Block = encrypted data and Chain= public database.
No individual or group can manipulate the data that is stored in the Blockchain. As the ledger or database of blocks is distributed worldwide and if anyone wants to forge a single block of data on the chain has to manipulate and update millions of computers holding copies of that ledger.
Theoretically, it is possible, but in reality, it is impossible.
3.) Cryptocurrency security grows concerning time and value
As discussed in the above point, manipulating chains in cryptocurrency requires combating millions of computers at once. Manipulating in less popular (unknown) currency is possible as control over 50% is possible, i.e., "consensus network."
But same with the established currencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc., with the network so extensive, manipulation and forgery are not possible.
4.) Cryptocurrency promises confidentiality and privacy.
Cryptocurrencies are an advocate of security, privacy, and confidentiality. Instead, we should say blockchains value the identity of an individual and protect it through multi-layer security.
5.) Cryptocurrency eliminates geographical boundaries.
Transaction between different countries or currencies can occur in minutes compared to hours taken via our traditional tender. Cryptocurrency can secure, track, and immediately transfer funds across borders with insignificant fees.
Your New Bank
OWNING A COIN VS STARTING YOUR EXCHANGE:
We now realize how vital and relevant cryptocurrencies are compared to traditional tender. We at BancorpTrust advise our clients to think ahead of the crowd, and rather than invest or trade-in cryptocurrency, create your cryptocurrency exchange!
Here are a few benefits of having your crypto exchange:
1.) High scalability
People realizing the benefits of Blockchain and the adoption rate of cryptocurrencies are unparallel. And high scale adoption gives room for more scalability.
2.) Increased number of traders and investors
Apart from transactions, arbitragers who benefit from short-term price movement and investors who park their funds in lucrative assets for an extended period have also gained interest in cryptocurrencies. Hence a wider audience for a sound exchange.
3.) Huge ROI
The successful crypto exchange has a very high return on investment. Founders of popular exchanges like Binance, Coinbase, FTX, etc., are worth billions as per Forbes 2020.
Return on investment (ROI) is directly proportional to the features you offer to your users. Some essential features to include are:
Wallet integration, etc.
4.) Multiple coin listing
With the advancement of blockchain technology, new coins are listed every day.
More number of listed coins = more assets for traders and investors to indulge in. Hence increase in the number of transactions will only push the income of the exchange upwards.
5.) Global interest
Countries have given cryptocurrency the status of legal tender (El Salvador), colossal investment banks and hedge funds are developing their cryptocurrency (JPMorgan Chase, Bank of America, etc.), and influential individuals have shown interest in Blockchain (Elon Musk, Mark Cuban, etc.). It makes us confident that virtual currency presence cannot be ignored, and its growth is inevitable.
If you are interested in starting your cryptocurrency, head over to “how and why to start your crypto currency exchange” for in-depth knowledge and understanding of working behind an exchange..
Marc Kenigsberg, the founder of Bitcoin Chaser, says, “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.” And being an early participant in this technology that has the potential to revolutionize the world's working will surely benefit you. With experience of over 30 years, BancorpTrust is a licensed investment bank specialized in establishing Investment banks, offshore banks, investment funds, capital trusts, etc., at a competitive price.
To encourage and empower new-age entrepreneurs and investors, we have added more client-centric services like setting your cryptocurrency exchange and converting cryptocurrency to fiat. Along with the services mentioned above, we have established an exclusive Blockchain DigitalCity that provides freedom and allows entrepreneurs like you to operate and live from their exclusive and tax-exempt executive villa in the Dominican Republic.
Want to discuss your individual or business needs with our experts? Get in touch with our experts for a confidential consultation.