4 ms·
Even a well-run exchange would not make the magic beans worth anything.
by twblalock 4y ago
Even a well-run exchange would not make the magic beans worth anything.
- oldgradstudent 4y agoBut that's the customer's problem. An exchange can make money letting the customers trade different types of magic beans with each other.
- vkou 4y ago> An exchange can make money letting the customers trade different types of magic beans with each other. An exchange that only does that won't have any customers, because they'll all be going to the ponzi-exchanges that pay out 8-12% APR if you buy and hold their shitcoin, or where the market makers piss away mountains of customer funds to tighten the spreads. Now that I think of it, maybe the best way to reign all this madness in is to require that celebrity endorsers and sports arenas can only get paid a decade after they shill for an exchange/coin/etc.
- rabuse 4y agoCoinbase makes money on every cash to crypto transaction. The price is irrelevant with that revenue. They also generate revenue from trading fees, which does though, but I seem to recall they make the most from purchases.