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>Pre-Development Activities that Ensure Crypto Exchange Business Success
Posted by oodlestechnologies on September 6th Vikings Kyle Rudolph Jersey , 2019


When starting a crypto exchange business, investors often overlook the pre-development aspects. They directly dive into the development process to beat the competition by immediately launching the platform in the market. As a result, the platform meets with low adoption, below-average performance Vikings Linval Joseph Jersey , and legal issues.


However, by paying attention to the following pre-development steps, they can ensure the platform’s success with comprehensive and efficient development.

Pre-development Factors: Cryptocurrency Exchange Software Legal counsel and license requirements

It is necessary to understand the legal and regulatory requirements for developing a cryptocurrency exchange platform. You should avail the services of a legal firm that specializes in fulfilling licensing requirements applicable in your regional jurisdiction.


In some countries, crypto exchanges operate without much restrictions and oversight imposed by governments and regulations. However Vikings Kirk Cousins Jersey , in countries like the US, exchange operators need to be licensed traders and must comply with the requirements laid down by regulators like SEC and CFTC.


In this situation, consulting an industry-specialist attorney saves you from all the legal headache.

Gather enough capital to support the venture

Assess the approximate cost that will be involved prior to the development of an exchange platform, including expenses related to technology Vikings Adam Thielen Jersey , platform hosting, initial stage legal counsel, government licensing, and initial advertising.


Although you won’t need all funds beforehand Vikings Stefon Diggs Jersey , ensuring that the venture has enough capital provides a smooth ‘ideation to production’ path. It is a mistake that most startups make by defining improper planning and projection. They raise small initial funds to cover the cost of the development process only. It leaves them with no other operational funds until the venture becomes profitable.


Startups also make another mistake of obtaining a license from untrustworthy service providers. Such providers do not mention the obligations and regulatory standards for setting up and maintaining the exchange and charge unnecessarily.

Find a technology solution provider

Hiring an offshore development company than setting up an in-house team can be a cost-effective decision. Cryptocurrency development companies in countries like India charge relatively low and provide full-suite development services with complete tech stack and skilled developers. (benefits)


Oodles is a crypto exchange development company that has no hidden charges or ongoing fees, or commission structures. Clients get complete access to the exchange source code. Some regulators may request a source code audit. Having access to the complete code makes auditing a hassle-free process.


Reach Us at Info@oodlestechnologies


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Home Insulation: Improving Your Energy Efficiency Home Repair Articles | July 11, 2012
Insulation is important as it keeps the temperature in your home consistent. Many factors play a role in the temperature inside your home.

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Half and Half
You may not know whether or not you want to do the job yourself. If you aren't particularly familiar with what home insulation entails Vikings Irv Smith Jr. Jersey , you can always start the job yourself and go from there. Hit the most accessible parts of your attic and re-evaluate the situation. You may find that you have it under control and can easily continue. You may find that you're in way over your head. If so, call a local contractor and get some professional installers to come out and finish the job. Article Tags: Home Insulation, Energy Efficiency


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