How hard is it to start a crypto exchange business?

Starting a crypto exchange business can be a complex and challenging endeavor. The difficulty lies in navigating the regulatory landscape, ensuring compliance with various financial and technological standards, and building a robust and secure platform. One of the first challenges is understanding and complying with the varying regulations in different jurisdictions, as crypto exchanges are subject to strict oversight. Additionally, the technical requirements for building a secure and scalable exchange platform can be daunting, requiring expertise in blockchain technology, cryptography, and software development. Furthermore, attracting and retaining users in a competitive market requires a strong marketing strategy and customer service. Despite these challenges, however, with a thorough understanding of the industry, dedicated team, and careful planning, starting a crypto exchange business can be a rewarding experience.