Also, there’s an event called Bitcoin halving coming soon, which might make the price of Bitcoin go up. The main thing you need to start your exchange platform is the script or the basic code. So, now could be a good time to start your own crypto exchange business using a coinbase clone script. Though there are many scripts available, not all of them are the same for creating a platform similar to Coinbase. When selecting a script, consider factors such as script safety, script extension feasibility, and script creators’ commitment to ongoing support. The crypto exchange business has a lot of potential, but it’s important to be careful and understand how things work.

Get your current users to tell their friends about your platform by giving them rewards.

You still need to figure out how to attract people to use your fantastic platform. Use social media to talk to people who might want to use your platform. Make changes to your marketing so that it targets the users you desire on your platform and stands out from competing platforms. Get your current users to tell their friends about your platform by giving them rewards. You may increase platform usage and revenue by customizing your marketing to your target demographic and highlighting the unique features of your product. Make good content that tells people why your platform is great. You can buy online advertisements that target users of your site. Work with well-known people in the cryptocurrency world to tell their fans about your platform.

Making users provide two separate forms of identification when logging in. Get experts to check how safe your platform is. Fix any problems they find. Assuring that your platform complies with all laws and industry standards to prevent money laundering and other illicit activity. Keeping the majority of user funds off the internet in a location that makes it more difficult for hackers to steal from your platform. Guarding your servers from being overrun by hackers attempting to bring your platform to a halt.

Promoting betting on future cryptocurrency prices predicted by individuals. When working with cryptocurrencies, security is a must because there’s a chance that hackers may try to take them. Giving people tools to look at charts. Other information to help them make better trading decisions. To guarantee that both your platform and the money of your users are protected, you must make sure that it is extremely secure. Adding these features lets you get more people using your platform and make more money from trading. Make it easy for other computer programs to connect to your platform and do trading. Using special computer programs to make trades automatically based on certain rules.

Binance’s founder Zhao admitted guilt to federal charges from the US Department of Justice (DoJ) and agreed to a $4.3 billion fine. In the same case, Binance also settled for $4.3 billion due to not following anti-money laundering (AML) rules and breaking sanctions laws. As governments make rules stricter for crypto exchanges to stop money laundering, owners of Coinbase clone scripts need to pay attention and follow them carefully. Months later, Damian Williams, the US Attorney for the Southern District of New York, outlined charges against Kucoin. He accused the platform and its founders, Chun Gan and Ke Tang, of operating without adequate anti-money laundering procedures.