As the cryptocurrency market is relatively new, there is an opportunity for cryptocurrency startups to tap into specialized niche markets exactly where there exists a high demand. One such niche is a financial industry. While cryptocurrencies have already started to replace a few aspects of the standard banking system, many people still apply fiat money important source to transact and exchange. A crypto international can take good thing about this lack of regulation to enter the market with lower obstacles to entry and higher growth rates.

The Dydx cryptocurrency exchange is a single case. It allows traders to obtain and sell cryptocurrency in an overseas market. They have already refined more financial transactions than Coinbase, the most popular cryptocurrency exchange inside the U. Ings. As of the completed of 2017, Dydx had processed a lot more than $18 billion dollars in financial transactions. The cryptocurrency exchange is on course to pull in $75 million in earnings this year and it is on track to kick $125 million by the end in the year, matching to the executives. Also to generating revenue, Dydx is usually projected for making $81 mil in net profit intended for 2019.

While Coinbase is the leading cryptocurrency exchange in the world, there is even now a great deal of place for new entrants. While Coinbase processes $15 billion in transactions daily, rival exchange Binance processes $90 billion in transactions daily. Furthermore to Coinbase, other startup companies are looking at the ongoing future of crypto.