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Re: Isn't crazy how much does bitcoin exchange earn?
by
Raggie
on 04/05/2018, 03:55:19 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!!

it is just a fact. big exchanges is earning much profit by trading volume.
more volume = more fees. no wonder they can reward expensive cars in many events.
this is showing us that many peoples already using cryptocurrency for trading.