Yes you're right. I misread that section. That is an interesting way of collecting fees. It still works out to 60bps per trade just half is in currency and half

Yes you're right. I misread that section. That is an interesting way of collecting fees. It still works out to 60bps per trade just half is in currency and half is in bitcoin (which I guess they then convert to currency). I don't think that invalidates any of what I said about exchange revenues as a fraction of transaction value for bitcoin as a payment technology though.