Back to Top

Add to Shortlist View Shortlist
Receive Email Alerts

Listing ID: 2976873

Licensed Crypto Currency Exchange- Correx.io For Sale

Bay Street, Toronto, Ontario, Canada

$ 29,900

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

1. Highlights

-Can easily be relocated to any jurisdiction

- The exchange is licensed by the US Treasury Financial Crimes Department as a money services business. There are 2-3 exchanges who carry this license and operate lawfully in the US. We are also fully compliant with Canadian laws, where we are currently located.

- Newly added Escrow platform for crypto related transactions including large scale OTC deals.

- Beta tested with 5 star ratings.

- A major issue with new crypto exchanges is the lack of liquidity or empty order books. We have solved this issue and now offer the most liquidity of any exchange.

-Overhead is around $1000-$2000/mo with minimal advertising.

-Current trading fees are set at 0.2% for buyers and 0.175% for sellers which among the lowest in the industry. We also offer a VIP Club for traders who's volume for the past 30 days exceeds $1 million. Their fees drop to +0.1% where sellers actually earn a fee on each trade and to -0.175% for buyers.

-The site runs on a dedicated server with 24 hour monitoring. We haven't experienced an outage or breach of any kind. We have also devised three more levels of security to protect client funds. This includes optional two tier authentication at login using either Google Authenticator or sms pin verification and email verification at registration. There is also a KYC requirement for clients to submit their proof of ID. In addition, all of the client's virtual currency is sent off site immediately upon deposit.
2. Revenue Projections

Before discussing any revenue projections, potential buyers must be reminded that this listing is a startup with no current revenue. Any comparisons to revenues of similar exchanges is purely speculative. That being said, the exchange currently offers trading on the 40 most popular coins(over 100 pairs in total) in the world. Our programmer is available to the purchasers should they wish to add additional coins. The cost is nominal.

Our basis for projecting income is a website, coinmarketcap.com, which lists the 24hr volume of every exchange. Of the 100 or so listed, Correx.io offers more features than 80% of the other exchanges. The 24hr volume of the worst performing exchange on the list is at $1 million/day which translates to a minimum of $1000/day in profit or $30000/mo(crypto exchanges trade 24/7).

We must also mention that an American based exchange known as Poloniex, which also holds a US Treasury License, and doesn't offer nearly as many features as Correx, sold for $400 million last week. Their 24 hr trading volume averaged around $50 million/day.

3. What comes with the purchase?

Purchasers will receive the following:

-Exclusive ownership of domain, support email, and all site files.

-The exchange platform itself, which contains Buying/Selling functions of each virtual currency pair. Both market orders and stop/limit orders are available. In addition you will find our never ending order books showing liquidity available for each pair at different prices, open orders and trade fills. They will also get a full charting package for technical analysis.

-Complete back office access to fully manage all aspects of the site.

-Newly formed Escrow service platform.

-Wallets for each cryptocurrency

-Complete training on its functionality and daily operation including but not limited to, back office management of each client, asset tracking, deposit and withdrawal processing, and troubleshooting techniques.

-MSB registration with the US Treasury

-translated into 10 languages.

-Office and phone for customer support located in the heart of Toronto's financial district on prestigious Bay Street. If purchaser chooses to operate the exchange in a different jurisdiction, they are free to do so.

-Access to our programmer for any desired upgrades.

-All registered copyrights

Please contact us for more details.

Property Details

Years Established:

New

Property Type:

Lease

Other Details

Operation Details

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Present an offer.

Reason For Selling:

Developed as investment.

Contact this seller

Already a Member? login

Fields marked with a * are mandatory












CAPTCHA image
*Please enter the 5 digits as they appear in the image on the left.
 Yes I wish to receive the monthly newsletter and other emails directly from BusinessForSale.com
 I have read and agree with the Terms & Conditions & Privacy Policy

BusinessForSale.com

Copyright © 1997 - 2018 Dynamis Ltd and all subsidiaries.

Registered Address:
Dynamis Limited. Dynamis House, 6-8 Sycamore Street, London, EC1Y 0SW. United Kingdom.
VAT No. 747791385 Company
Registration Number: 3788210

MEMBER OF