Cryptocurrency Q&A
How do Canadian crypto exchanges make money?
How do Canadian crypto exchanges make money?
Caterina
Wed Feb 26 2025
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6
answers
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I want to know how Canadian cryptocurrency exchanges generate revenue. I'm curious about their business model and the various ways they monetize their services in this emerging market.
6 answers
GeishaMelody
Fri Feb 28 2025
Canadian crypto exchanges employ spreads as a primary means of revenue generation.
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EchoPulse
Fri Feb 28 2025
A spread refers to the disparity between the purchase and selling prices of a cryptocurrency. This difference is retained by the exchange as profit.
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BonsaiLife
Fri Feb 28 2025
To illustrate this concept, we conducted an experiment by purchasing $100 worth of Bitcoin on various exchanges.
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HallyuHeroLegendaryStar
Thu Feb 27 2025
After executing these trades, we calculated the trading fees incurred on each platform.
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PulseRider
Thu Feb 27 2025
By subtracting these fees from the total transaction amount, we were able to ascertain the spread for each respective trade.
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