Binance Out On A No-Fee Bitcoin Limb Limits Volume Decline But Muddies Its Profit Prospects
showed a few years back, the practice can lead to irrational, machine-generated volume for the sake of market-share claims.... [+]Three Chinese crypto exchanges–Huobi, BTC China and OKCoin– initiated a zero-fee war in September 2013, apparently generating bitcoin volume in the tens of millions monthly. Chinese exchanges made their money from withdrawal fees, which decreased as clients traded higher volume.
Binance and Binance.US have responded to the current crypto winter by reportedly increasing their workforce and, most recently, by boosting a U.S. affiliate program immediately after Coinbase canceled a similar offering. How can Binance.US adopt this contrarian approach? Shrewdly, Binance kept its powder dry as some of its major peers entered into megadeals that sponsored major sports franchises and venues like Crypto.com and FTX did in 2021.
Like Robinhood over the years, Binance and Binance.US will face persistent questions of how they make their money if not by trading fees or selling its flow to market makers. It is conceivable that Binance’s new crypto lines of product like
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin's Transaction Volume Slowing Down After June Dip BuysBitcoin is playing hot potato, frequently changing hands this month. Behavior analytics firm Santiment says transaction volume is beginning to normalize. Chart of the Day explains, presented by cryptocom:
Les mer »
Binance Updates Spot Trading Benchmarks for VIP Tiers (2022-07-26) | Binance SupportFellow Binancians, Following the exclusion of 13 BTC spot pairs from the 30-day volume calculation toward Trading Fee Level , Binance is lowering the spot trading volume requirements for the VI...
Les mer »
Trade Republic, Crypto.com Register as Cryptocurrency Operators in Italy – Bitcoin NewsGerman investment platform Trade Republic and digital asset exchange Crypto.com have registered as crypto service providers in Italy.
Les mer »
Crypto.com to roll out Google Pay integration as Big Tech continues to embrace cryptoGlobal cryptocurrency wallet and exchange platform cryptocom will add Google Pay as a payment option for Android users. The move could allow over 100 million users to make use of the latest gateway to crypto markets. (Reporting via gazza_jenks)
Les mer »
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Exchanges Bitcoin NewsThailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange.
Les mer »
DOJ charges 3 on insider trading ahead of Coinbase listingsThe DOJ has charged a former Coinbase employee, his brother and one other person for allegedly trading on privileged information about which tokens Coinbase planned to list on its crypto exchange.
Les mer »