How a Crypto Exchange Actually Makes Money
Trading fees are the visible line. Listing, market making arrangements, float and spread are frequently larger.
Tagged "economics"13 articles on this topic.
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The Economics Behind a Crypto-Funded Card
Interchange, conversion margin and who actually earns what. Why these products are priced the way they are.
The Economics of Accepting Bitcoin
Confirmation variance, fee markets and hedging cost. Why Bitcoin acceptance prices differently from stablecoin acceptance.
Why Stablecoin Payments Concentrated on Certain Networks
Fixed low fees beat variable ones for payment flows. The economics that decided where business payments settle.
How Stablecoin Issuers Make Money, and Why It Matters
Reserve income is the business model. What that implies for issuer incentives, redemption and the risk a holder carries.
Chargebacks as Risk Transfer, and What Removing Them Changes
The card dispute system is an insurance mechanism with a price. Understanding it explains who benefits from an irreversible…
The Economics of Crypto Acquiring
Where a payment provider's margin comes from, what the guarantee costs, and why rates converged.
The Corporate Wallet Market: Why It Consolidated
Fixed compliance costs, the economics of key management, and what fewer larger providers means for buyers.
How Swap Providers Make Money Now That Routing Is Commoditised
Aggregation narrowed the differences in raw pricing. What remains is margin, risk absorption and inventory.
Where an Off-Ramp Makes Its Money
Spread, withdrawal fees, currency margin and float. The revenue lines behind crypto to fiat conversion.
The Economics of Running a Crypto On-Ramp
Where a fiat to crypto business actually makes money, what it costs to operate, and why the cheapest providers are not always the…