Crypto has opened up lots of self employment option to our present society ranging from investment to trading even down to staking and all this are made possible by both centralized and decentralized exchanges providing services through licensed procedure to ensure a secured transaction either through peer-to-peer or a completely centralized procedure
I was just wondering don't you think becoming a retail vendor through a well developed exchange can earn you passive income or you haven't thought in that direction. Or could there be an untold/hidden mysteries behind setting up an exchange because we still need more exchanges so we can give crypto more boost beyond government regulations
Setting up an exchange seems like an interesting idea for sure. I helped few of my friends when bitcoins and cryptocurrencies were banned in my country to sell/buy, since I was living in some other country where the government did allow these transactions to be made. But as a whole I did not earn any profit. Just saved some dollars on the transaction fee. Therefore if you do want to do something like this then you have to realize that it would only work if it is working on a bigger platform, if you have already a set amount of customers since local businesses might be lucrative but they are hard to materialize as well in that future. Therefore you might have to think ahead before you can even open one.
Passive income would only be possible if you do hold some shares in already existing business because if it's local and you are doing it then you would have to work a lot for that, to keep it on the track.