Quote from: warningsigns on January 01, 2018, 01:01:20 PM

Responses here actually show how disturbing this topic is. Starting an exchange is logistically and technically a very challenging project. There are compliance and regulatory requirements which need addressed, adhered to and complied with. Then the staffing or manpower element which is a core determinant of any exchange's operational efficiency. These are just some of and in fact the least of requirements to worry about. It's an extremely complex investment and project combined in one.

Software alone is not in itself what one needs to start an exchange... UNLESS some of those who responded here have other (more sinister) motives in mind. By that, I mean one basically creates a fly by night website with all the bells and whistles and impressive trading tools etc. Then this "software" sold here is simply integrated into that website. Voila and the exchange is up and ready. Hot wallet nicely set up... pretty much the website owner's bitcoin wallet. Setting up overnight exchanges is all the rage now. It is seen as the pathway to a quick buck.

And I think I know why offers like this tend to be very attractive: exchanges are seen as a surefire moneymaking scheme and a way to avoid escrow.

It is interesting that Coinbase is the first unicorn in the crypto space because they have done all that heavy lifting you outlined in your post. Given the huge upfront costs and risk, I think there still needs to be 5-10 Coinbase type exchanges based in the U.S. within the next 5 years.

I am very interested in the idea of starting an exchange, but one that follows in the footsteps of Coinbase. I am budgeting 1-2 million and 2 years to get all the necessary government approvals.