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Might still not be that much, if earnings through exchange rate gains were also part of their revenue. btc made what? Over 1000% in that year? If they pooled ea
by ascar 9y ago
Might still not be that much, if earnings through exchange rate gains were also part of their revenue. btc made what? Over 1000% in that year? If they pooled earlier in the year that are huge gains. If it's only from their 1.5% cut, it is really impressive.
- charlesdm 9y agoExchanges are literally printing money. I think nearly a million Ether a day was traded on Gdax at the top. At $1,400 you're talking $1.4bn a day in trading volume, on (at least) half of which they take a 0.3% fee. That's $2.1m a day, just from ETH. Then there's Bitcoin and Litecoin. Bitcoin probably makes a similar amount. And their "simplified" website on which they charge higher fees.
- garmaine 9y agoThey would be fractional if they were literally printing money.
- annabellish 9y agoRight, it's Tether which is doing that, not Coinbase!