106868438 1618431329101 gettyimages 1232307162 COINBASE IPO Here's what no-fee trading may mean for the crypto industry!

Here’s what no-fee trading may mean for the crypto industry!

– Binance.US’s decision to drop fees for spot bitcoin trading has raised questions about how fee compression may affect revenues for crypto trading platforms.
– Some see no-fee trading as inevitable, given the example set by Robinhood.
– Others say that the fee compression that’s become widespread on stock-trading platforms is unlikely to migrate to the crypto world.
– One big problem for exchanges like Coinbase is figuring out how to make up that revenue and whether those alternatives are enough.
– It’s possible that with the dawn of free crypto trading, exchanges feeling the pressure to lower or eliminate fees are headed nowhere good.
– Coinbase is “pretty rapidly” diversifying its business into other revenue streams, including Coinbase Cloud and its NFT marketplace.
– Dan Dolev, Mizuho America’s senior fintech analyst, said last week marked “the beginning of the end for high trading fee regimes.”

 

 

106868438 1618431329101 gettyimages 1232307162 COINBASE IPO Here's what no-fee trading may mean for the crypto industry!
Here's what no-fee trading may mean for the crypto industry! 3

Leave a Reply

%d bloggers like this: