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I'm curious about the wording. Is "bought or sold $1M" equivalent to saying $500k changed hands?
by cj 14y ago
I'm curious about the wording. Is "bought or sold $1M" equivalent to saying $500k changed hands?
- shazow 14y agoYou don't need to buy or sell from just other Coinbase users. It can be anyone. Coinbase doesn't have a huge market share yet, so it's even less likely. I think a fair way to read it is that $1M worth of transactions occurred of which Coinbase made some money.
- tcgv 14y agoNot necessarily. I while ago I ventured myself in the stock market and in less than a month I traded over US$ 150k in call options. How much money did I have? about US$ 2k, but I made over 100 buy-sell transactions that summed up to that amount. Unfortunately for me the strategy I was using wasn't profitable enough to outcome the transaction fees :(