Hello, everyone!
According to my knowledge it is better not to hire anyone, I mean at least someone you may trust and who is really capable of creating a Crypto Exchange from scratch. Outsource company/team will imply significant expenses and require a lot of time. Moreover no one will guarantee you the quality, security, scalability of the MVP/RC version when it is done. The most important here is the expertise in Crypto and Blockchain Technology and development.
With the budget you have it is better to contact a Company/Provider that offers turnkey or even white label solution. You will economize on time and costs for sure. The difference between turnkey and white label is that white label solution includes resolution/assistance on legal procedures and formalities for launching the project, sometimes even help with Exchange Operation and Management. A turnkey solution - is a ready-to-go technical platform with all the necessary features and functions and full technical support.
A turnkey solution will cost you less and the ETA is about 1-2 months, if we are talking about white label - the costs are higher but almost everything will be done for you.
Anyway, a lot of new Operators are not familiar with the "Kitchen". To buy a solution is only a first step. Each Operator should have a good business plan and decide on: target markets, crypto-to-fiat or crypto-to-crypto trading model, Crypto and Fiat Pairs to offer, Localization, KYC, AML/CTF, Antifraud Control, GDPR, Marketing budget and Strategy, Promotions and Bonuses, Rates and Fees,
Crypto Payment Gateway and/or Fiat Payment Gateway to use, Order Types, Security, Liquidity, Staff, Customer Care Support, extra expenses (that definitely will arise) and a lot more points that are very important to consider before starting this type of Crypto Business.
If you are looking for a good and trusted provider of a turnkey solution I would recommend you to take a look at
Cryptocurrency Exchange Software by Merkeleon GmbH, Austrian IT provider of turnkey Software Solutions for Crypto Business with 6+ years of experience in the field.
Those guys are well known in the industry and can provide with a secure and stable solution as well as to share their experience and give a nice consultation on the topic.
I hope my comment will be useful for those who definitely decided to start own Crypto Exchange Platform. Cheers! Wish you luck!