How does cryptocurrency exchanges like Binance make money?
Edward last edited by
We all know cryptocurrency is one of the popular e-currencies or digital assets. In recent days, people (Traders) are interested in crypto trading, some of traders doing for short & long-term investments. For an instance, if the trading or exchange is happening in the crypto exchange platform[Eg: Binance], The Binance exchange platform acts a medium to exchange crypto’s between two traders[You can trade anywhere in the world].
Anyone thinks what’s the profit for exchanges???, here I reveal the secrets. How does cryptocurrency exchanges like binance make money?
The crypto exchange owners like Binance generate their revenue in various methods such us,
- The Trading & Withdraw fees
- Margin Trading
- Multilateral trading facility
- Backend/infrastructure via API access
- Token Listing fees.
Crypto exchange business is very impressive right??? If you’re an entrepreneur crypto exchange is a perfect business for you[Top exchange is generating more than 1 million $ dollars per year].
Are you interested to start your own crypto exchange platform??? Refer to this blog >>> How to Startup a Crypto Exchange Business