How to set up a crypto brokerage?
As a financial professional interested in cryptocurrency, I'm wondering about the process of setting up a crypto brokerage. Could you walk me through the key steps? Firstly, what are the regulatory requirements I need to be aware of in order to operate legally? Secondly, how do I determine the most suitable business model for my brokerage, considering the various options available? Additionally, what are the essential technological components required to ensure a secure and efficient trading platform? Furthermore, how do I attract and retain clients in this competitive market? Lastly, what are some common challenges I may face and how can I overcome them? I'm eager to learn more about this exciting field and appreciate your insights.
What is the difference between Crypto brokerage and a crypto exchange?
Could you elaborate on the key distinctions between a crypto brokerage and a crypto exchange? I'm particularly interested in understanding how their functionalities, services offered, and user experience differ. Does a crypto brokerage provide more personalized trading advice or tools compared to an exchange? Are there any differences in the fees or commissions charged? Additionally, how do their trading interfaces and order execution speeds compare? Understanding these nuances would help me determine which platform would best suit my trading needs.