If you desire to build a crypto exchange on your own hand without middleman support, make use of a binance clone script that is readily available.
After the succession of Binance, many budding startups and business peoples who are interested in Crypto, want to start a business that is similar to Binance. Because there are many business functionalities and derivatives that exist in Binance when compared to the older version of Binance.
Also, there is no official explanation about their monetization policy. That’s why many peoples are interested to start their binance-like exchange platform, and came up with the idea and did a detailed study of their business model.
When comes to the initial stage to start a crypto exchange like Binance, there are 5 primary business revenue models. But as of now, Binance is earning through multiple revenue streams like NFT, DEX, Derivatives, Institutional & VIP Services, Launchpad Platforms, and Broker programs.
For every trade such as Spot, Margin, Future, or Perpetual, a considerable amount of trading fees is charged.
If the user withdraws their crypto assets, and fiat, a small fee gets charged for certain withdrawals.
Some peoples want to list their tokens/coins on the exchange platform. So for listing, the admin can charge a small amount for fees, for every token listing.
If traders want to borrow to expand their position, Margin trading is one of the perfect ways. With this, it charges some fees based on the amount borrowed and an interest rate specified by the total supply of the funds available to all traders.
By Launching their IEO in your exchange, you would generate a part of their profit. The more sale occurred in the IEO, the more you get revenue generation.
Market making is the process of marketing coins or tokens. With this feature, users/traders can analyze the significance of certain coins/tokens, and they buy at an initial stage and sell at a high level of price
Hope you understand how binance gets succession and also the numerous revenue streams. When everyone is thinking about the crypto up and downfalls, entrepreneurs only think of the business opportunities in it. Also, if you desire to build a crypto exchange on your own hand without middleman support, make use of a binance clone script that is readily available.