Post
Topic
Board Exchanges
Re: Evidence of Major Market Manipulation on Kraken Exchange Following ETF Announcem
by
zippidy
on 18/03/2017, 20:52:22 UTC

How sure are you that these exchanges make that much in fees?


Using Poloniex's public API, I grabbed all the USDT_BTC trades from Friday March 17th 2017 and multiplied the total USDT for each trade by the maker fee, 0.15% (which is on the low side since they charge 0.25% for takers) and here is what I got:

March 17th 2017
$1,773,2666.6642 in trades
$26,598.9999963 in fees
-------
$797,969.99989 estimated monthly

Again, this is on the low side. AND this is only for USDT_BTC. I can imagine this is small compared to the rest of the markets of Poloniex combined in a day.

Before you talk and make accusations please make a study and research them well. It would so easy for us to make posts like these but the reality is Bitcoin exchanges mostly do not make much at all. Most of them will close or will be taken over by the bigger exchanges.


You're not only naive to think that Bitcoin exchanges "mostly do not make much at all", you're actually really, really misinformed and should shut up before you further make an ass of yourself. You must be 15 years old or something.

Quote from: zippidy
My guess is they either don't want to solve the problem or are creating the problem themselves.

Another slanderous statement. Where is your proof?

You apparently don't understand the term "guess" or the word "slander". You can call it what you want, but I can express my opinion however I damn well please.