Cryptocurrency Exchanges Bring in Millions a Day from Fees

6 Mar

Cryptocurrency Exchanges Bring in Millions a Day from Fees

Source: Crypto News
Cryptocurrency Exchanges Bring in Millions a Day from Fees

Cryptocurrency Exchanges

As cryptocurrency grasped mainstream adoption towards the latter half of last year, many early movers in the space grossed major profits. The focus in growth and wealth was primarily on the investor, but it seems many have forgotten about the actual exchanges the coins are traded on. Most exchanges have small fees (besides Coinbase) which add up when you consider the millions of transactions that happen on a daily basis.

Back in late January, the U.S’s largest exchange Coinbase reported to its shareholders that the company had made $1 billion in revenue last year. Many that …

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