Quote from: fasdorcas on April 25, 2019, 07:51:39 PM

Anyone that wishes to run their own exchanges should make sure that they have more than enough capital that it takes to run an exchange, so that they don't end up like most exchanges that couldn't keep up with the competition.

It is not just about creating and having your own exchange, you should also be able to do what it takes to keep the exchanges up and running, cause if you don't, it is still going to end up the same way as others that couldn't make it. And by the way, I believe we already have more than enough crypto exchanges, anyone trying to create more is really wasting their time.

However, imagine if Binance guys thought that. They launched in 2017 and at the end of 2017 it became the largest crypto-exchange, and still is one of the top.

The rest is on point. >90% of businesses fail, and exchange business is not an exception here. But entrepreneurs who do make it look at the glass 10% full part. Cutting corners when dealing with initial costs is part of the strategy here, as having to develop something from scratch is usually the biggest time- and capital-consuming bottleneck in startups. The "not invented here" syndrome.