Cryptocurrency Exchange Service

Business Idea: Start A Cryptocurrency Exchange Service in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$36.7K
Avg Startup Costs
$16.8K
Score
73
Market Size
$1T
Avg Revenue
Min Revenue
$25K/month
Max Revenue
$50K/month
Avg Days To Build
150 days

The cryptocurrency market is growing exponentially. A good business idea you can start in this line is a cryptocurrency exchange. A cryptocurrency exchange is an online marketplace where users trade cryptocurrency. A cryptocurrency exchange works similarly to an online brokerage. Users can trade crypto for fiat or crypto for crypto.

Revenue & Profitability

How much do cryptocurrency exchange services make?

Startup Costs

How much does it cost to start a cryptocurrency exchange service?

  • It can cost as low as $5,000 to start a cryptocurrency exchange service.
  • It can cost as high as $200,000 to start a cryptocurrency exchange service.

Learn more about the costs of a cryptocurrency exchange service.

Examples Of Successful Cryptocurrency Exchange Services

Successful cryptocurrency exchange service businesses and case studies

SimpleSwap, a user-friendly and reliable service for cryptocurrency exchanges, attracts over 200,000 monthly active users with an average monthly revenue of $50,000 by offering a simple and convenient exchange process and superior customer support.

$50K Monthly Revenue
Read by 5,871 founders

HollaEx, an open-source crypto software startup, evolved into a general-purpose crypto service and created a white-label exchange software with a one-day launch, resulting in a revenue of $420k per year as of 2021, with a focus on exchange technology and tackling key crypto infrastructure solutions like wallet tech, exchange hosting, and white-label services.

$35K Monthly Revenue
$10K Startup Costs
Read by 5,608 founders

See full list of successful cryptocurrency exchange services.