Post
Topic
Board Economics
Re: How profitable are exchanges?
by
madken7777
on 23/08/2014, 18:49:02 UTC
http://www.forbes.com/sites/kashmirhill/2014/06/26/bitcoin-bitstamp/

Quote
Charging trading fees ranging from .5% to .2%, Bitstamp’s founders make clear in their steady, confident way that they are making bank. Their monthly revenue at current trading volume — which is lower than usual — is between $700,000 and $900,000 USD. “We’re not the richest people in Slovenia, but we may be the richest 20-year-olds,” says Merlak.

Kind of make me wonder why there are so few exchanges spring up to compete with them if the profit is so high.

If some 20-year-olds kids can do it, surely some experience people will be able to do it too.