4 ms·
> At gate.io you can have the same access to the matching engine and market data as anyone else for free. At NYSE this costs literally millions of dollars per y
by hiq 4y ago
> At gate.io you can have the same access to the matching engine and market data as anyone else for free. At NYSE this costs literally millions of dollars per year.
It's not an apple-to-apple comparison because you can't trade the same products. It doesn't matter if a broker has the best features and the cheapest fees if it doesn't allow its users to trade what the majority of investors want to trade: regular stocks, ETFs, basically traditional financial instruments.
The same reasoning can be used for most blockchain products that seem to have an edge over the traditional solutions: they mostly exist in some virtual world, but once they try to connect with traditional finance and go through the corresponding legal hoops, they end up with a worse solution than what already exists.