by
Research
Jul 1st 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?