If you are a startup want to create new cryptocurrency, or already created your digital currency, you can make it your own currency appear in the popular crypto exchanges. Is it possible? Yes.
Some bitcoin exchanges are better suited to less experienced traders and retail investors, while some are geared towards institutions or full-time traders.
The law governing these exchanges vary widely based on location and the type of services each exchange offers. Some exchanges are unregulated, some are not available to customers in certain countries, and all are vulnerable to an ever-changing regulatory environment. After China’s crackdown on cryptocurrency in November 2017, Chinese exchanges were forced to move their operations elsewhere or shut down completely. Other exchanges recently suspended service to Japanese customers following new guidelines issued by the Japanese Financial Services Agency.
American exchanges are subject to state-by-state regulations as well as federal guidelines. New York State, for instance, implemented “BitLicense” regulations, which grant licenses to virtual currency businesses, in 2015.
There is a dizzying array of offerings and options at exchanges. Though space is hyper-competitive, each has a different fee structure, trading features, coins on offer, and security and insurance measures in place.
Most exchanges charge trading fees based on a “maker-taker” model, under which “takers” place orders that are executed immediately (read: market order), removing liquidity from the market, while “makers” place orders that sit on the books, below the ticker price for a buy and above it for a sell (read: limit order). Makers create more liquidity in the market and are often rewarded with lower fees and rebates. Takers are typically charged higher fees, which in these exchanges generally hover around 0.1% or 0.2%.
Perhaps most importantly, each exchange has a different compliance framework. Thus, it is important to read the fine print for each exchange, before registering to trade.
Source: Forbes
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Running the business without a strategy is waste of time. You want to become a successful owner at exchange or trading business, right? Then you should have one thing in mind. In a trading business application, each & every move should do with care.
By keeping an eye on your valuable investment and the well-performing trading platforms, advanced customizing features & smart work can be taken to maximize profits.
However, some investors and traders prefer to jump right into the real game, without bothering to understand the tricks of the trading platform. Then that leads to a heavy loss in their business.