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How do Cryptocurrency Exchanges Derive Revenue?

Before going ahead, we would like to share that the top ten cryptocurrency exchanges are getting $3 million per day in profit. From 2009 to 2020, cryptocurrencies have come a long way, and during all these years, it has gone through a roller coaster ride. But, one of the significant development seen in this field was an investment in cryptocurrency. The rise of cryptocurrency exchanges indicates there has been a remarkable growth in this field.

The rise in cryptocurrency exchange and investors' growing interest have made Bitcoin and other cryptocurrencies a popular choice among individuals. In this blog, we will discuss the best cryptocurrency exchanges and how they are performing so well.

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Best cryptocurrency exchanges

Talking about the cryptocurrency exchanges, then Asian-based cryptocurrency exchange platforms are ruling the global crypto trading industry. An example of this is Tokyo-based Binance and Hong Kong-based OKEx; these bring in more than $1.7 billion daily. If we talk about the volumes, then Houbu from Singapore, Bithumb from South Korea, and Bitfinex from HongKong are performing the best. When calculated, Aisa-based exchanges are ruling over 50% of the daily crypto trading.

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Crypto exchange makes money in the following ways:

Commissions- One of the common ways of making money is via commission. It is a fee for facilitating the trade between buyer and seller. The digital exchanges have a commission as low as .01%. If the dealing is in large volume, then the commission is on a higher side.

Listing fees- For a new cryptocurrency exchange, getting a more common and large volume of transactions would be difficult. But they can make money by listing fees. They can come up with a token and can list it, and earn revenue from it. Some of the common ways are Security Token Exchange, Initial Coin Offering, Initial Exchange Offerings. With either of these methods, exchange operators may collect a percentage of funds raised.

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Investing in Bitcoin and information about Bitcoin exchange

When we are talking about cryptocurrency exchange, then how can we miss Bitcoin? After all, it was the Kickstarter of this revolutionary financial transformation.

Bitcoin farming is a way to exchange the value of Bitcoin. Those who wish to earn Bitcoin have to mine it by solving complex programs. These individuals are called miners. And they ensure that the network is secure and free from any threats. Those who wish to invest in Bitcoin also have the option of choosing Bitcoin ATM; it allows you to purchase Bitcoin via cash or debit card.

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Conclusion

This was the basic information about how you can do Bitcoin farming and some of the common ways the cryptocurrency exchanges generate revenue. All these changes and transformation shows that there is going to be a growth in cryptocurrencies. With more than 5000 cryptocurrencies floating in the market, we can only expect this number to grow in the future. For more such interesting information, connect with Blockchain Council today.

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Blockchain Council Certifications

You can check out our certifications, and kick start your career in the Blockchain space today.

● Certified Blockchain Expert● Certified Blockchain Developer● Certified Smart Contract Developer● Certified Solidity Developer● Certified Ethereum Developer

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