Topic: Isn't crazy how much does bitcoin exchange earn? (Read 680 times)
I do not assume they're loopy in any respect they had been supposed to be an area where you may get cozy with your advertising talents and in change of all this the web site proprietor or i'm able to say the trade proprietor will get a commission from every of your movements. regardless of what you do even in case you are training together with your money then also this object is going to earn cash from your movements. trading works and desk to the whole thing so you can pick their trade for all of your transactions. however is pretty herbal if you could gather like a hundred thousand makes use of and you may say all of them to position 100 satoshis that you're going to get a lot of cash.
The more people are interested in the cryptocurrency market, the volume of trading will increase day by day, I am not surprised.
Not crazy trading volumetric Binance is much higher
Good analysis from the OP. I thought I was the only one thinking same thing. No wonder several exchanges are emerging day after day. That is why I marvel each time I hear of big exchange hacking. I think these exchanges are buoyant enough to be able to secure the platform.
Bit of a necrobump, but thought I'd contribute this. Binance are currently making over $1m per day in transaction fees. However lot of the money from an exchange (any that offer referrals) is actually handed back out to the exchange users via referral schemes. Still, they probably end up with at least 50% of the number that you described. It's a wonder how these exchanges ever go bankrupt, or even when they get hacked they should easily be able to refund their customers out of the millions they've made.
Crypto Exchanges now are more profitable than banks 
People are just insatiable. They should be helped to learn. 
Believe it or not but Binance makes more profit than Deutsche Bank
Nothing can get in the way of others to open their own exchanges and this should be able to get the reputation it needs to participate in such a pass. Of course you can have the knowledge to be able to do such a thing later. 
Yes, the percentage that takes the stock exchange is simply predatory! I hope the new OAX exchange breaks this tradition)
I also thought about that. It makes me want to gather all my IT friends and make an exchange with lowest posible gas/transaction fees, haha. Or at least an app, but we are lacking of connections, dedications, and resources. Also most of them were not into crypto so it's burried plan.
Bitcoin exchange earnings are now compared to 150 years old Bank called deutsche bank and binance profits are same
Yes exchange have a huge earning from people who are using their website to trade ,
But they are also using that money to improve their website or to keep their website trustworthy,
They need money to keep their transaction smooth and to upgrade their system and security from time to time to keep their clients safe.
But they are also using that money to improve their website or to keep their website trustworthy,
They need money to keep their transaction smooth and to upgrade their system and security from time to time to keep their clients safe.
The exchanges deserve to earn much money from trading activities since they provide a platform for trading. Cryptocurrency exchanges are integral part of the world of cryptocurrency, exchange sites play a crucial role in the successful functioning of the various assets or tokens used. Hence I think it is really cool if they earn much money from their hard work
They also have to pay taxes on it, pay high salaries to the developers, spend big money on advertisements and also insure their exchanges in case of a hack. After all this there is only mediocre return that the exchanges make, but yeah if they function properly for few years than they can earn big bucks by then.
those statistics indeed very crazy because for those who involved in crypto exchange business probably they're already became an rich people but i think not all exchange have high profit such as that even not popular exchange have to closed their service because lack of costumers moreover currently the competition between exchange to other exchange will be very tight and build exchange with trustable reputation is not an easy
Yes, exchanges are generating a huge revenue but on the other hand, they also have the expenses in that proportion to run their routine operations. On the other hand, they also have to bear the risk of price volatility in the case of crypto to fiat transactions so, considering the list of expenses, I don't see anything wrong in their business model.
We are so excited about cryptocurrency but it's exchangers that makes me angry mostly. The transaction fees is too high especially when someone want to withdraw in btc. Some take as much as 100000 satoshi as withdrawal charge.
Well that is how exchanges live and survive and earn money. But not all exchanges have a high success rate. Exchanges spend huge of amount promoting their website and have paid a number of people to be known and to gather more clients. Without clients exchange will bound to fail. I remember the exchange live.megacrypton, it disappeared from the web since only a few users are trading.
Aside from the huge income, the exchanges also make sure that all coins in their site is moving and so they create transaction flows which sometimes are risky and cause them to loss a significant amount of btc.
Aside from the huge income, the exchanges also make sure that all coins in their site is moving and so they create transaction flows which sometimes are risky and cause them to loss a significant amount of btc.
This is the truth, Only few exchanges are truly successful and other are actually running on loss considering the amount they invest on Advertising and paid for influencers to attract more people. and yes, while some are like that, some are making a fortune out of that.
Well, Coinbase made $1 billion in revenue in 2017. 
>>>Source : https://www.investopedia.com/news/coinbase-made-over-1b-revenue-last-year-report/
Coinbase has more brokerage accounts, over 13 million, than the trading giant Charles Schwab.
Kraken, reportedly added around 50,000 new users in a day at the end of 2017. The volume handled by these exchanges are
>>>Source : https://www.investopedia.com/news/coinbase-made-over-1b-revenue-last-year-report/
Coinbase has more brokerage accounts, over 13 million, than the trading giant Charles Schwab.
Kraken, reportedly added around 50,000 new users in a day at the end of 2017. The volume handled by these exchanges are
WOW, this is remarkable, There are it's befits by being one of the first and most secured wallets which offers trading platform too.
I do not really think how much is gained from the bigger exchange, because as long as the exchange is safe and the fee of each transaction is still reasonable I think it is appropriate for them to get.
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