How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.
We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.
What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.
Better read more about the definition of liquidity mate so you will know how important it is. Liquidity is described as how quickly a product or asset can be quickly bought or sold in the market without affecting the asset's price. Liquidity is defined as the ability of an asset to be converted into cash, on demand, without any difficulty.
Don't think your answer is perfectly correct especially concerning the crypto market that is more about converting crypto to crypto rather than crypto to fiat.
A lot of jurisdictions banned cryptocurrencies so that it's illegal to conduct financial transactions with them. Is bitcoin a liquid asset? Yes, it is. But only when it is converted to another crypto. Once you try to convert bitcoin into cash (US dollar, for instance), you will encounter a lot of troubles and will likely go to the localbitcoins platform that permits offline exchanges without participation of banks that will be interested in the source of funds in your account.
Think it over both, folks.