Starting a bitcoin exchange

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What is needed to make a bitcoin exchange? I have my own web development team and we can code pretty much anything so that is not a problem. I’m at a loss when it comes to know-how of this bitcoin business. How do these exchanges even work? What would I as a provider need? Is there space for me on your team?

Technically, you need a website and a trading engine that matches buyers and sellers. Whilst there are lots of pitfalls—I cannot imagine a better target for cybercriminals than a bitcoin exchange storing lots of online withdraw-able virtual and real currency—all of this has adequate solutions. The key problem is the legal aspect of your operation. The bitcoin exchanges you mention work slightly different then, say, an online stock market exchange.