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If you have a plan to start a bitcoin, cryptocurrency, altcoin or digital currency exchange website, the first thing you should have to understand first about "Bitcoin and cryptocurrency exchange software".
A bitcoin exchange or trading software gives you a complete support to set up a bitcoin exchange website. Mostly these software's are available in white label forma t and are fully packed up with the most necessary and important features to set up a bitcoin trading or exchange website. We have understood the base for how to start a bitcoin exchange website?
The modern internet wold gives you full support for developing your own bitcoin exchange business, but it is upon you to decide which is the best place to start. Bitcoin and the related systems are now started to expose globally, so we have to analyze which country or which people are having the high interest on bitcoin network. Here we are going to discuss the Top 5 countries which embrace the bitcoin exchange business and exchange platforms!
The circulation of bitcoin got tripled over the year after the government announced about demonetization of fiat currencies. And also the recent Ransome ware attack has damaged millions of computers and organizations in the country and asked the people to pay with bitcoin. Which is the another reason for bitcoin to get popular among India?
These two major incidents make the Indian bitcoin exchanges busier than ever. According to a recent analysis, there are almost nearly Indians are trading with bitcoins per day. In past, the Indian central bank has refused to accept bitcoin as a payment system and left a statement that RBI is not responsible for people if they lose their bitcoin while trading.
So it is clearly shown that the talk about bitcoin is going viral in the countries, Starting a bitcoin exchange in India will get mass hit in India. After the trumps inauguration of a presidency, United States also witnessed an increasing rate of bitcoin trades. Geral Celente an American trend forecaster said in an interview that bitcoin will not go away soon, People started to realize that the bitcoin is better than fiat currencies.
The controversy of bitcoin and Donald's presidency makes people make more trade the bitcoin. And most probably the popular bitcoin exchanges are also headquartered in the US only.
Obviously, It is the best place for you to launch your bitcoin exchange. From the beginning of time, the country has provided a full support to the use of cryptocurrencies.
In the very recent time, Vietnamese investors are started to import cryptocurrency mining machines as the bitcoin price continues to surge. Also, the Vietnamese government has approved for a legal framework to manage all the cryptocurrencies. This has raised the hope among Vietnam people that the bitcoin could be regulated and accepted as a legal payment in Vietnam.
The number of bitcoin miners getting increased after the governments move towards legalizing the bitcoin. So starting a bitcoin exchange could bring you a more revenue without any doubt. Malaysia is also added to the country who accepts bitcoin as legal.
Malaysia's central bank Negara is about to issue. Two weeks ago the Malaysian Securities Commission left a strong warning about not to invest in cryptocurrencies. But the things got changed now and started to consider cryptocurrencies are the best global payment and investment solutions.
The current goal of the country is to come up with a framework which addresses the money laundering and terrorist financing. Sure, Malaysia will be an interesting region to start cryptocurrency exchange business. In early, September China has enforced a nationwide ban on cryptocurrencies and forced the large-scale trading platform to shut down their services.
So the majority of traders, entrepreneurs in China has left to the neighbor trading markets, over a night the confirmation of ban resulted in a surge of Japan and South Korea bitcoin exchanges, Japan has overtaken the US and becomes the largest bitcoin exchange market in the world.
According to the current situation, the above countries are having the high demand for bitcoin and other cryptocurrencies. Every country has their own set of rules and regulation while approving a bitcoin exchange so it is necessary for you to make your exchange to comply with those rules and regulations. Bitdeal is a bitcoin and cryptocurrency exchange solution , which serves for many bitcoin entrepreneurs to set up their own cryptocurrency trading platform among several countries, The software which provided by bitdeal is easily customizable and can be upgradeable related to the technological development of the industry.
The goal of bitdeal is providing the bitcoin exchange software to the bitcoin entrepreneurs. Talk to our Experts. Why to choose a particular feasible location while starting a bitcoin exchange? India at Number 1 The circulation of bitcoin got tripled over the year after the government announced about demonetization of fiat currencies. Japan In early, September China has enforced a nationwide ban on cryptocurrencies and forced the large-scale trading platform to shut down their services.
Banking rules causes growth for bitcoin exchanges and investments by Bitdeal How to list your cryptocurrency on exchange websites by Bitdeal How to create your own bitcoin exchange by Bitdeal