I have read other answers related to how can I setup my own exchange
but I still have few doubts.
- When an exchange is launched and there are no buyers or sellers initially how is the price of any cryptocurrency set.
- In my country there are few exchanges which don't provide any order book functionality, they just list their buy and sell price for each cryptocurrency and we can buy on that prices, so how does that work? To name a few of such exchanges. buyucoin, bitcoin-india. These exchanges don't have order book but still around 30 cryptolisted to buy/sell.