Many Bitcoin users have always dreamed of opening their digital currency exchange platform, although regulation may prevent most of them from doing so. Moreover, it is not easy to setup a Bitcoin exchange platform and run it successfully, as security measures need to be top notch and support has to be handled professionally. Peatio could be an attractive solution to tackle most of these problems, as their cookie-cutter open source solution is quite appealing.
Also read: Bitcoin Technical Analysis For 3/22/16 – Waiting For The Breakout Peatio Looks Differently At Digital Currency Exchange Solutions
Although the Bitcoin ecosystem was designed to cut out the middleman from the financial equation, far too many users still rely on centralized services for exchanging currencies. Peatio wants to address this issue by making their exchange solution available to the public.
Some might argue that there is no need for extra software or code to become one’s own digital currency exchange, and they would be right up to a certain extent. Anyone in the world can go out to buy and sell Bitcoin on their own accord, albeit there are some regulatory requirements to take into account. A lot of countries label this type of activity as money transmitting , which requires a specific license to operate.
That being said, there are more countries where regulation of Bitcoin exchange services remains up in the air, which creates opportunities for aspiring entrepreneurs. The Peatio project is open source and lets anyone make the necessary changes to suit their particular needs. In fact, there is one exchange in operation using this solution for quite some time now, called Yunbi .
For those digital currency enthusiasts looking to support a variety of coins, the Peatio solution will have you covered as well. Bitcoin is supported – of course […]
