Post
Topic
Board Off-topic
Re: Isn't crazy how much does bitcoin exchange earn?
by
fokinflor
on 18/04/2018, 11:08:50 UTC
i just did a simple calculation, about 35k bitcoins are traded on GDAX every day. At its current price of $6900 and a trading fee of 0.3%, the exchange puts about $700,000 in its pocket EACH DAY and it is ONLY for bitcoin. After including all other cryptos, this number can go up to more than $2MM. Since the exchange is active 365 days a year, the exchange's annual revenue can reach almost $1bn!!

This is quite interesting and we should learn from it. We should be doing business as per the current demand in the society and this can bring lot of profit in comparison to traditional businesses.