Post
Topic
Board Exchanges
Re: Why Crypto Exchanges Should Lower Their Fees and Profit Margins
by
Darker45
on 11/12/2019, 05:10:50 UTC
The crypto industry has yet to evolve from exchanges which are nothing more than digital banks in reality. A couple are taking bold moves to slash their fees but how many others will follow and how will it affect the wider crypto industry.

https://bitcoinist.com/why-crypto-exchanges-should-drop-their-fees-and-profit-margins/

The evolution of crypto exchanges should be more focused on the shift from the centralized exchanges that we abundantly have right now into decentralized exchanges. A peer-to-peer exchange platform would definitely reduce the charges and fees that are imposed by the centralized exchanges. And not only that; it will also strengthen the promotion of peer-to-peer trading which is what Bitcoin or crypto should be all about in the first place.

There are a number of new exchanges that are marketing very low to zero trading fees, minimum withdrawal fees, narrower spreads, and so forth but these are mostly young and unknown platforms. We are expecting more of this reduction from the big players.