My friend and I run a cryptocurrency exchange out of New Zealand. The exchange works great, we have a user base but we need assistance to increase trading volume. He runs the exchange, I do tech support and admin and act as business development. We want to grow the exchange but need some partners. The exchange is not registered yet, we need a fiat on/off ramp for our users, trading bots are tested but not enabled. Any advice or assistance is welcome.
Cryptocurrency exchange
- Thread starter CoffeeExpert
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Creating an exchange is the easy part.Getting volume the difficult one.
You need market makers who will ask︀ for payment for making market on your exchange.Without incentives you won't get them to your︁ exchange as nearly all exchanges are looking for them.
You need market makers who will ask︀ for payment for making market on your exchange.Without incentives you won't get them to your︁ exchange as nearly all exchanges are looking for them.
That's the issue, the exchange has everything ready but no market makers to jump start trading. Members have joined but aren't trading much because they don't see liquidity.
This is a chicken and egg problem. Without market makers it's hard to entice takers but without takers there's no benefit to market making.
I haven't used it yet but Hummingbot Miner seem to be working hard on crowdsourced liquidity solutions.
I haven't used it yet but Hummingbot Miner seem to be working hard on crowdsourced liquidity solutions.
I am looking to launch a crypto exchange for the indian market coupled with a crypto money transfer solution for expat Indians. The exchange will not be based in India.
Maybe we can discuss...
Maybe we can discuss...
I run an algorithmic trading service on multiple established exchanges and am looking for a new way to leverage our ability to provide liquidity, an exchange has been one of the possible monetization outlets we have been considering. Please get in touch as I am unsure how to PM on this forum.
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