How to start a crypto exchange from scratch?

For those looking to embark on the journey of establishing a crypto exchange from the ground up, it begs the question: what are the fundamental steps? Firstly, one must conduct thorough market research to understand the current landscape and identify potential gaps in service. Second, securing the necessary licenses and regulatory approvals is crucial to ensure legal compliance. Third, the technological infrastructure needs to be robust and scalable to handle the demands of a growing user base. This includes robust trading engines, secure wallets, and user-friendly interfaces. Additionally, partnerships with reliable liquidity providers and security experts are vital to ensure smooth operations and safeguard user funds. Lastly, marketing and branding efforts should be focused on highlighting the unique value proposition and differentiating factors of the exchange to attract users. With these steps in mind, let's delve deeper into the specifics of how to launch a successful crypto exchange.