Post
Topic
Board Exchanges
Re: Why Crypto Exchanges Should Lower Their Fees and Profit Margins
by
Ozero
on 12/12/2019, 05:15:29 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/
Only when the network of exchanges is sufficiently developed, and the cryptocurrency is very widely used by the population of the earth and the competition between exchanges is high, then we can have low commission fees. If commission fees are free, then exchanges will have to receive their percentage of our profits for something else. Exchanges will not work completely free. These are commercial structures and they will exist only when they will profit from their work.