Blockchain technology is one of the major parts of emerging technology. If we talk about the workability of blockchain, then blockchains store data in blocks that are linked together via Bitcoin. They are helpful in maintaining a secure and decentralized record of transactions. It is not only transforming the financial industry but also the health industry, media, aviation, and many more. Blockchain increases the usage of cryptocurrencies. Thus, blockchain startups are gaining traction. Here is a list of top Crypto Exchange Startups:
Binance is the best Cryptocurrency exchange platform in the world. Has the maximum liquidity, trading volume, and number of registered users.
As a purpose to make use of the Margin Trading feature available on the Binance trading platform, one must have an approved KYC Verification process. Along with this, the trading platform also features a Margin Insurance Fund to protect its overall liquidity.
If a trader becomes insolvent or bankrupt during margin trading, and the assets are insufficient to pay his debt, the trading platform becomes liable to repay the trader’s loan from this Margin Insurance Fund.
Binance ha a margin of up to 125X on Derivatives Trading and up to 10X on Spot Trading. The Binance trading platform provides Leveraged Tokens as a choice for Margin Trading.
WazirX is one of the most popular crypto exchange apps that allow users to invest in INR, US dollar, BTC, and P2P. WazirX has its own coin which is termed WRX that can be bought using INR. One can make use of WRX to invest in other cryptos. One of the popular characteristics of WazirX is that users can earn coins through various contests that are available on the app.
WazirX has a charging fee of around 0.2% applicable to the taker and maker. The individual can deposit any amount of money that can be more than Rs 100 in the WazirX wallet by the medium of NEFT, RTGS, IMPS, and UPI.
3. Power Ledger
Power Ledger is a WA blockchain startup that is helpful in enabling peer-to-peer (P2P) electricity sharing. Power Ledger is looking forward to sustaining the growth that initially began with the success of $34 million.
The project’s academic, infrastructure, and technology partners, will assess how cities are using blockchain technology and data analytics to integrate distributed energy and water systems.
Block8 is an Australian-based blockchain incubator. The objective of Block8 build and grow blockchain companies by leveraging their network, expertise, and access to capital.
Block8 was founded in 2016, and the company has grown its team to over 10 employees. In Block 8, blockchain technology is planning to transform the way people and machines trade in the digital economy is working. They are more inclined towards removing the need for inefficient and costly intermediaries to accomplish the transactions.
5. Coinbase Global Inc. (COIN)
Coinbase Global is a global facilitator of the financial infrastructure that includes transaction services, and technology designed for the crypto economy. Coinbase Global enables its retail users to invest, spend, save, earn, and use cryptocurrencies.
The platform is helpful in facilitating institutions with a deep pool of liquidity for dealing in crypto assets and enables crypto-ecosystem partners to build crypto-based applications as well as securely accept crypto assets as payment. If we talk about the revenue and net income of the platform then it has $5.1 billion and -$1.2 billion income respectively.