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I get that it's CoinBase's fee (vig). I'm having a hard time understanding where the fixed 0.25% fee comes from other than: fee = desired_profit / (expected_tr
by jsprogrammer 12y ago
I get that it's CoinBase's fee (vig). I'm having a hard time understanding where the fixed 0.25% fee comes from other than:
fee = desired_profit / (expected_transaction_volume * expected_average_transaction_value)
- jzwinck 12y agoSo you think the fee to remove liquidity should "float" in what way exactly? With per-customer tiered volume discounts like many exchanges offer to customers who trade enough in a given month? Or when you said "float" did you mean it should be variable across the entire exchange over time, but the same for all customers at any given time?
- jsprogrammer 12y agoLike any well functioning market, it should track the actual cost of goods, in this case, the actual cost of facilitating the transaction. I have a hard time believing that a fixed 0.25% has anything to do with the real costs. It doesn't appear that CoinBase is even making that argument.