Anyone concerned that Gemini seems to have raised their trading fees 4x in the past day on top of about a 2x increase from last year. Seems to add up to about 10x increase in their fees. Here is a thread that was started about the issue.
https://bitcointalk.org/index.php?topic=3248495.msg33826905#msg33826905I am kind of wondering what Gemini's goal is? It would seem that if they wanted to create more liquidity, then they would keep the fees lower, but perhaps they are attempting to become the Cadillac of exchanges, and I wonder if other exchanges will follow to raise their trading fees? or if Gemini will attempt to serve more of a niche clientelle who are willing to pay higher trading fees?
I would pay higher fees than on other exchanges if there is higher return. Whatever that might be... .
High return could be considered to be more security and more volatility, but I don't think that purposefully creating higher volatility by removing liquidity is a way to increase user confidence in a platform.
I have no real idea of their motivation at this point, except that they are attempting to go down the path of prestigious pricing, and that does not seem to be a good move based on their current market position based on current trade volume (but hey what do I know? Administrators/owners there would know their trade numbers better than my looking at what I believe to be their relatively mediocre trade volume).