Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
FreeMeBTC
on 23/08/2013, 05:24:48 UTC
Ehm.  It's public.  Anyone can verify this by looking at the transaction volume in the various currencies, multiply and add.

It's actually not that simple, as traders with higher 30-day volumes are given discounts on the trading fees. Even a relatively small trader could get down to rates of 0.50% and larger traders, who probably make up a significant percentage of the volume, could get as low as 0.30% without too much trouble.

https://www.mtgox.com/fee-schedule

I would guess that their revenue is more in the $6-7 million range, and is potentially lower than that, depending on what percentage of the total trade volume is accounted for by the largest traders.

Evidently quite a bit.  And i'm guessing they've negotiated rates far lower than whats on the schedule due to the risk of keeping funds at Gox.

https://bitcointalk.org/index.php?topic=278643.0

Agreed on both points.

Doing an analysis like klao's, one could determine an upper bound for their revenue. Even assuming that every single trade is by a new user, those 1000 BTC trades would already put you in the 0.46% category and make a fairly large dent in their revenues.

Gox originally posted that fee schedule back in Dec 2011, so the values of those BTC figures has gone up ~40x since then. I doubt that most large traders would have been willing to trade on the same fee schedule even last year when the fiat values were in the 3-4x range, let alone now.

Anyway, I'm glad I found this thread before I started attempting arbitrage myself. But if I can find a friend with a bank account in Japan...