Cryptocurrency Exchange Service

3 Cryptocurrency Exchange Service Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

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.

In this list, you'll find real-world cryptocurrency exchange service success stories and very profitable examples of starting a cryptocurrency exchange service that makes money.

1. SimpleSwap.io ($600K/year)

Two crypto enthusiasts with experience in the field of cryptocurrency saw the need for a simple and convenient crypto exchange. They launched SimpleSwap with an MVP after a week, attracting their first customers through social media and forums. With over 200,000 monthly active users and a strong support team, SimpleSwap continues to grow and aims to offer a full range of cryptocurrency services in the future.

How much money it makes: $600K/year
How much did it cost to start: $0
How many people on the team: 10

How We Built A Cryptocurrency Exchange With 200K Active Users

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.

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2. HollaEx ($420K/year)

Adrian, the co-founder of HollaEx, came up with the idea for his open-source crypto software startup in the early days of crypto around 2016. Starting with an app that connected bitcoin enthusiasts, the focus shifted to exchange technology as the industry grew. HollaEx has now evolved into a general-purpose crypto service, providing a white-label exchange software that allows businesses to enter the crypto world easily.

How much money it makes: $420K/year
How much did it cost to start: $10K
How many people on the team: 13

We Built An Open Source Crypto Platform & Make $420K/Year

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.

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3. BitcoinVN ($300K/year)

Dominik, the founder of Vietnam's first Bitcoin exchange, came up with the idea after learning about Bitcoin in late 2012. He saw the potential for a Bitcoin exchange service in Vietnam, where access to Bitcoin was limited, and took part in launching Frankfurt's original Bitcoin community. Despite facing regulatory challenges and financial constraints, Dominik and his team bootstrapped the business and grew it into a successful venture, now offering a range of related products and services.

How much money it makes: $300K/year
How much did it cost to start: $5K
How many people on the team: 10

We Built A $240K Per Year Bitcoin Exchange In Vietnam

BitcoinVN built a successful Bitcoin exchange service in Vietnam, expanding to related products and services such as a crypto remittance platform, OTC desk, trading platform, and Bitcoin ATMs, with a founding team that took three years to receive income and initially invested $5,000.

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Read by 3,553 founders