Starting a cryptocurrency exchange platform is easy with minimal investment. The thing is you have to make it familiar within your crowd so that you can gather your trading community. Better use great marketing strategies to lift your crypto trading platform.
Crypto exchange platforms lead the fintech industry due to their popularity and their user base in the present era. Right from the emergence of bitcoin, the cryptocurrency exchanges are sprouting every day and gathering a pool of users to engage in crypto trade and earn revenue. But it does not work for all crypto exchanges. It is not because of the software lagging, but because of the inefficiency in spreading the word.
Yes, marketing plays a great role in user engagements and revenue generation and lag in such a front would be a great mishap for any cryptocurrency exchange platform. For instance, take Binance. We all know that Binance is one of the traditional and executive cryptocurrency exchange platforms that is being trusted by many crypto traders and investors. Despite that, Binance does have their marketing team and market their services to the audience out loud. In this blog, let us come to know about the successful cryptocurrency exchange marketing strategies.
Why marketing is important to boost your cryptocurrency trading platform?
Without marketing, you cannot expand the product/service in the supply and demand market. In this competitive corporate environment, you need to market it to the world to get the limelight whatever the service is. But make sure that you market to the right audience. This can effectively boost your credibility.
In terms of marketing your cryptocurrency trading platform, you have to market your platform accordingly to
- Improve engagements through attracting more traders, investors.
- Through efficient marketing, the small businesses would be attracted to our cryptocurrency exchange trading platform so that they would wish to advertise on your platform. But make sure that your platform has a high scalability and user base.
- High competition – Nowadays, you can see many cryptocurrency exchange platforms have been sprouting now and then. It is due to the high market value of the cryptocurrency trading platforms and every startup and entrepreneur is targeting the budding business opportunity. Make sure that you offer the best platform for your users and traders so that they would love to cling to your crypto platform.
- Revenue generation – It is a known fact that if you start your cryptocurrency exchange platform with a popular cryptocurrency exchange clone script software, the marketing would be much easier because you start your platform with a relatable UI like the popular crypto exchange. Apart from increasing the user base, it will also help you to generate revenue from other sources like ads, freemium, etc.
- Vision – Only by marketing and engaging with the users, traders and investors, you can get a real idea of what the people are looking for. You cannot merely create your crypto exchange platform for your users without knowing their expectations and features, right. By engaging with your trader and investor base, you can further add up some more stunning features that create a bond between you and the user more effectively.
Keeping that in mind, let us hop in to know about the strategies and techniques that we can induct some strategies for efficient cryptocurrency exchange marketing.
Strategies used in Cryptocurrency exchange marketing:
- Market analysis – First of all, even though it is all about the cryptocurrency exchange and cryptocurrency trade, you will need to do an updated market analysis that can help you to manage the marketing strategy. For example, BTC prices are rising and so other major cryptocurrencies. But it is an undeniable fact that some other cryptocurrencies are going down. If you have done proper market research, you can consult the best coin to invest in, and if the reader or investor gains more, whom do you think he will consult the next time? It is obviously you. So, it is best to do thorough market research than to jump into the market without any outside interference.
- Strategy – Analysis does not end with coming with a perfect plan and analysis to work on your project. For instance, without any unique flavor, French fries had gathered the market not because of their taste but because of the word “French”. Similarly, you should draw a strategy to boost your cryptocurrency exchange to priority through strategic marketing. I am not saying that you should include country names before the names of cryptocurrency exchanges, but it is the right time in terms of strategy, A properly knitted strategy can create wonders for any product, especially the cryptocurrency exchange platform.
- Content marketing and social media marketing – Perfect content in the form of articles, blogs, infographics, press releases can help you reach your cryptocurrency exchange to reach among the public. To familiarise yourself with the targeted population, you need to create a content strategy and place posts and guest blogs in the community of crypto investors and traders. These two marketing areas are the prime movers in the entire digital marketing industry and boost the organic traffic for a particular website, In terms of cryptocurrency exchange development platform, providing targeted content and social media pitch might boost the organic traffic of the platform thereby leveraging the user base and investments. Apart from the traders and investors, some people want to advertise on your exchange site that can increase your revenue to multiple folds.
- Public relations and management – If you think that public relations have nothing to do with cryptocurrency trading platform-based marketing you are wrong. Public relations play a vital role in marketing and with the right marketing, public relations can be improved. Press releases, media statements are some of the effective public relations-based marketing areas. It is because they are diversified and hence your information would be more distributed to a wider audience and pick those targeted audiences towards your service.
- Influencer marketing is more different from marketing from an unknown face or digital id than a familiar id or famous face. Yes, it has a difference. Marketers and advertisers are not fools to adverts their product with well-known actresses or actors to promote their products. Similarly when it comes to a digital product, advertising with actors is not a good choice. That is where the influencers come in. influencers rule the market via their fan base by personally using the product for a particular amount of time. If you want your cryptocurrency exchange platform to reach its audience, all you have to do is choose an influencer and provide him free access to your exchange software to make their audiences engage in our software.
- Email Marketing – By targeting an effective audience and with a perfect email outreach plan, we can make this email marketing work for your crypto trading platform marketing work great. Sending newsletters by getting the users to subscribe for your publication, sending relevant emails to the relevant audience can turn the stone around. Make sure that you will not send too many emails with appropriate or same content to the same user as it might have more chances that the user gets irritated over.
- Pay per click – Pay per click is the feature that you can generate revenue from where people click on that particular ad. For each click, a particular amount will be transferred to the user. This kind of marketing strategy works effectively so that you can convince the website admin to put your pay-per-click ad on their website that can assure a revenue source. This should not be confused with some clickbait programs where they attract customer’s attention to click for the content. It is a genuine marketing strategy were diversifying the advertisement digitally to share benefits.
- Bounty and reward programs – This is one of the great strategies that you can use to market your cryptocurrency trading platform without having to invest in it. Yes, it is true. This is the way where you can use your users to market your product so that they can get bounties or gifts or monetary rewards based on the number of users they bought you in. You can provide them with a referral link so that they might use that to drag users to your platform. For every trade they make or investment they do, the user can get a share of it and earn exponential income. Affiliate programs too work in the same way.
By the above techniques, you can know about the best marketing strategies for a successful cryptocurrency trading platform reach. You can choose the best one that fits your idea and requirement and work on it so that your cryptocurrency exchange platform reaches a greater audience. It would be another feather in a hat if you start your cryptocurrency trading platform with a cryptocurrency exchange clone script. This not only makes the marketing easy but also links your platform and your users efficiently. Make sure you knock on the doors of the best cryptocurrency exchange clone script service provider for initiating your crypto exchange platform.