According to a report, it was announced that the giants of the popular crypto money industry, the exchanges, made a profit of $ 3 million a day.. Pretty impressive numbers for a market that only started in 2009, if you think the market is new.
Cryptocurrency exchanges that are the most earning in the sector
When you buy, sell and withdraw cryptocurrencies on the exchange, they charge a certain commission. It is seen that Asian-based stock exchanges are among the top-earning exchanges.
Tokyo-based Binance and Hong Kong-based OKEx each day It processes more than $1.7 billion in transactions. Huobi, Bitfinex, Upbit and Bithumb follow these two exchanges. Considering that over 50% of the world’s daily trading of cryptocurrencies is done on exchanges based in Asia, it is not surprising that they are the most profitable exchanges. Having very low energy costs, very good mobile payment infrastructures and strong economies are decisive.. Apart from that, they have a great gaming culture that makes tokens acceptable.
It is not possible to say that the exchanges that are successful today will be successful tomorrow, because new exchanges enter the market every day.. This means that the best performers will survive. For example, Robinhood, a US-based cryptocurrency exchange, works with zero fees and aims to be one of the best exchanges.
It is too early to say how high volatility will affect cryptocurrency trading volumes in 2018; However, it seems certain that competition on cryptocurrency exchanges will give users an advantage.
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