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However, the spread they make on their transactions gets wider as price action is more volatile.

• sushid 4y ago
  Can you explain? A wider spread means less efficient markets which means fewer transactions which means lower revenue, no?
  • kolbe 4y ago
    Would you rather $1 per BTC on 1m BTC transacted or $10 per BTC on 500k transacted?
  • anonu 4y ago
    Spread is just what the market demands to get paid for taking the risk. Higher volatility can also mean way higher volume.