Cryptocurrency Q&A
How do currency exchanges make money?
How do currency exchanges make money?
Martina
Thu Jan 30 2025
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6
answers
1319
I'm curious about the business model of currency exchanges. Specifically, I want to understand how these platforms generate revenue or profit from their operations. What are the main sources of income for currency exchanges?
6 answers
CryptoTitaness
Sat Feb 01 2025
The other method involves exploiting the bid-ask spread.
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CherryBlossomPetal
Sat Feb 01 2025
Currency exchanges generate revenue through two primary methods.
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SsamziegangStroll
Sat Feb 01 2025
One way is by imposing fees on customers for the services they provide.
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Tommaso
Sat Feb 01 2025
These services may include buying, selling, or transferring currencies.
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Lorenzo
Fri Jan 31 2025
The bid price represents the amount a dealer is prepared to pay for a particular currency.
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