But this fee you say they charge, from my understanding this fee goes to the miners and not them(coinbase) unless they don't apply the said fees to a transaction then thats dishonesty on their part!
Binance charges 0.0002 per user per withdrawal.
Now, assuming their last transfers from hot wallets, both initial deposits batching and then payments they've paid for a total of 50 outputs this:
0.00183416 and 0.00041664 BTC, which is 0.0022508 , while charging 0.01 BTC.
So over 50 users, a 0.0078 BTC or some 200$ extra. Multiply those by a hundred and it starts becoming more profitable than fees on trading.
Because I don't think he was necessarily a hardcore pioneer for decentralization.
Yeah of course we all know this.
It was just a simple almost rhetorical question, but I feel you were ready for it since you knew who you have chosen to defend
