31 May 2020
The State of Crypto - Trading Fees
Exchanges are in a unique position in the crypto industry. They enjoy a constant flow of revenue from trading fees and are more or less indifferent of how the bitcoin price behaves. Investors and traders, on the other hand, bet on the price while seeking to minimize their fees, all else equal. As a result, there is a trade-off for exchanges, the higher they set the fees, the less attractive they become… or?