Topic: Cryptocurrency exchange ways to earn money (Read 734 times)
They can run their own bots. Should give a major advantage over any external bot owner. Faster price notifications, no fees.
Does any one know any methods cryptocurrency exchanges earn their money? It cant be only fees for widrawal/deposit and operation comissions. There should be something more obscure. Can someon eshed some light on the topic.
For bigger exchanger with high daily trading volume even 0.20% trading fee will be enough to pull 100s of bitcoin in profit daily. But for new and low volume trading platform, they try to cover their running cost offering ICO service for new coins taking some % of collected ICO amount or offer to list just launched coins in their platform for certain fees.Could you explain what "ICO service for new coins taking some % of collected ICO amount" means?
Does any one know any methods cryptocurrency exchanges earn their money? It cant be only fees for widrawal/deposit and operation comissions. There should be something more obscure. Can someon eshed some light on the topic.
The profit from fees and WD/deposit commission is pretty big amount enough, imagine if they have big daily volume, usually the developer using criterion to be successful with their exchange project, if they criterion haven't reach, usually they will abandon it, means failed.
They made most of their profit from fees, just imagine exchange like Bittrex with an average of daily volume of 1000BTC and trading fee of 0.02%, just do the math
Does any one know any methods cryptocurrency exchanges earn their money? It cant be only fees for widrawal/deposit and operation comissions. There should be something more obscure. Can someon eshed some light on the topic.
For bigger exchanger with high daily trading volume even 0.20% trading fee will be enough to pull 100s of bitcoin in profit daily. But for new and low volume trading platform, they try to cover their running cost offering ICO service for new coins taking some % of collected ICO amount or offer to list just launched coins in their platform for certain fees.In some cases, like during coin swap or hard fork trading platform also ask some bitcoin from altcoin developers to swap coins in their platform automatically.
Yes, they earn mostly from voting in new currencies and trading fees..
People with withdrawal fees aren't usually used by big ones so you might as well go for the trading fees and voting.
People with withdrawal fees aren't usually used by big ones so you might as well go for the trading fees and voting.
Your question less can I understand it, could ask to be explained in more detail?
Well I started working for a company, who has a cryptocurrence exchange and they are looking for ways to develop their project further. So I think its just the right place:)
Does any one know any methods cryptocurrency exchanges earn their money? It cant be only fees for widrawal/deposit and operation comissions. There should be something more obscure. Can someon eshed some light on the topic.
Why wouldn't it be enough? Those exchanges have
- fees (exhange fees, deposit fees, withdrawal fees,...)
- the accept payment from devs to list certain coins
- they sometimes add dice or other forms of gambling
I think that should be sufficient income, based on the volume some of those exchanges pull.
BTW: i think you might want to move this topic, i don't think your question is about project development...
Does any one know any methods cryptocurrency exchanges earn their money? It cant be only fees for widrawal/deposit and operation comissions. There should be something more obscure. Can someon eshed some light on the topic.
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