Are you looking to start a crypto business in 2024? Here are some great crypto startup ideas for huge growth this year and beyond.
Starting a crypto business with a particular blockchain technology will be a smart move. For this, you have to pick the right blockchain-based crypto business. Countless people have already started their journey in the crypto space by choosing the best crypto business ideas and have turned into successful entrepreneurs.
If they can do it, why can’t you?
However, it won’t happen in a single day; it will take time, and it will be purely based on the startup ideas you choose. To be precise, the startup ideas you choose will play a vital role in determining the success rate of your business. Therefore, to help you find the right crypto startup idea, let me share my research collection of startup ideas.
Top 10 Crypto Startup Ideas
Here I list the crypto startup ideas based on their popularity, trend, revenue, and usage among crypto users.
Starting a Cryptocurrency Exchange
Launching a crypto exchange involves offering an efficient and secure platform for buying, selling, and trading assets. As crypto trading gains global attention, launching a well-recognized crypto exchange platform will be a lucrative endeavor. Regulatory compliance and incorporating security measures are most important in this business.
If you aim big, then play big. Starting a cryptocurrency exchange business that facilitates crypto trading on your platform will be a good money-making option in today’s trends. with this platform, you can make money for each transaction, deposit, withdrawal, listing, etc. The following are the major types of cryptocurrency exchanges. According to your business goal, you can pick the one that suits you.
Types of crypto exchange
- Centralized Exchanges (CEX): The platform facilitates trading with the help of centralized entities.
- Decentralized Exchanges (DEX): The platform allows users to trade directly without the involvement of central authority.
- Hybrid Exchanges: Combining the features of both centralized and decentralized exchanges, hybrid exchanges aim to provide a balance between user control and liquidity.
- Peer-to-Peer (P2P) Exchanges: The platforms connect buyers and sellers directly, enabling them to negotiate and execute trades without an intermediary.
- Derivatives Exchanges: The platforms facilitate the buying and selling of financial derivatives based on underlying assets, including cryptocurrencies.
- Over-the-Counter (OTC) Exchanges: Catering to high-volume traders, OTC exchanges facilitate large trades directly between buyers and sellers, often at negotiated prices.
Kick-Start NFT Marketplace
NFT marketplace is the most promising startup idea of 2024. NFT Marketplace is a digital platform that facilitates users to trade digital assets in the form of NFTs. NFTs may be art, images, music, audio, video, tickets, certificates, or any type of digital collectible. The NFT marketplace is built on distributed ledgers like Ethereum, BSC, Polygon, Solana, and Cardano.
Still, there is high demand for the NFT marketplace due to the high usage of NFTs. Moreover, successful entrepreneurs believe that the growth and revenue of the NFT marketplace will definitely skyrocket in the upcoming years. Therefore, launching the NFT marketplace is the best crypto start up idea right now!
Build a Crypto Payment Gateway
The crypto payment gateway is widely utilized by crypto users or companies to accept crypto payments. Globally many countries have legalized cryptos in the last two years, which has turned the attention of entrepreneurs towards crypto payment gateways. Entrepreneurs have initiated this crypto startup idea and have seen success in this domain. For example, Coingate is one of the famous crypto payment gateway platforms that has shown growth with 300,000+ active users, 1.7+ million transactions, and 1.5+ million merchant orders. This depicts the increasing growth of the crypto payment gateway. So it will be the right time for you to launch a crypto payment gateway to see success.
Buid Crypto Wallet App
Crypto wallet is a prominent crypto startup idea related to blockchain. A crypto wallet is the basic requirement for crypto traders and investors. These wallets are also used as a third-party wallet in the DeFi platform. There are two types of crypto wallet
- Custodial wallet
- Non-custodial wallet
Among entrepreneurs, non-custodial wallet gains more attention due to their high-security protocol. Once you decide to launch your own crypto wallet app, then you can integrate your app with many DEX like UniSwap, PancakeSwap, etc. By this, you can make a high profit.
Start a DeFi Exchange business
Like crypto, Defi is one of the big domains in the blockchain world. Hereafter global finance is going to be decentralized. So kickstarting a Defi exchange will be the best start up idea in this growing crypto space. This is mainly due to the popularity, revenue streams, and high demand in the market. There are more successful DEXs like Pancakeswap, Uniswap, etc,. I hope this will be the right for you to erect your own DEX platform to see immediate success.
Crypto Token Creation
It is a well-known crypto business among successful entrepreneurs. Tokens are also similar to digital assets. Organization or individuals shows more interest in creating tokens for various purposes. On successful creation of a token, token issuers would do a crowd sale process for fundraising by picking the best crowdfunding approach.
Some of the crowdfunding approaches
- Initial Coin Offering (ICO)
- Security Token Offer (STO)
- Initial Exchange Offering
- Initial DEX offering
Crypto Lending & Borrowing Platform
One of the best crypto start up ideas is most welcomed among entrepreneurs. This platform enables crypto users to borrow and lend crypto. This has grabbed the attention of crypto users in recent days as cryptocurrencies are legalized in many countries.
However, cryptocurrencies are used as normal currency for all transactions. This puts users in search of crypto lending & borrowing platforms. For example, Celsius is a crypto borrowing & lending platform that plays very well in the crypto world.
Kick-Start Play-to-Earn Game
Crypto enthusiasts are most fond of earning money by playing games. This explicitly says that there are lots of opportunities to earn crypto rewards while playing. So crypto players are in search of a reliable play-to-earn game platform. This platform combines entertainment with financial incentives, thus grabbing a large user base and potentially generating high revenue via in-game purchases or token sales.
Creating a Crypto NFT Business
NFT has revolutionized the art, sports, education, entertainment industries, and more. Starting an NFT business involves creating, marketing, and selling NFTs like art, sports, music, video, audio, or virtual real estate. Now and beyond, the increasing popularity of NFTs won’t stop. So it will be the right time for you to start this start up idea to venture into the profitable crypto world.
Build Metaverse Platform
Metaverse is a virtual concept that has been booming in recent days. The focus of corporations twisted towards Metaverse, they joined the Metaverse revolution for all of their products and services to give a new point of view. Metaverse started trending in 2022 and by 2024 it will blast like crackers and spread globally. This sudden reach tempts many entrepreneurs to initiate their Metaverse platform. If you want to be one of them, then don’t waste your time searching for start up ideas. With full hope, start your own Metaverse platform, which will be your most successful one for all seasons.
Wrapping Up
Numerous unimaginable works are made into actions in the crypto sphere. Trioangle, a leading crypto exchange script provider, has successfully developed many successful crypto projects. Our experts work on various blockchain networks to build many platforms for clients globally. To know more, you can connect with us to create milestones in the crypto space.