Exchanges Make Millions a Day Off Crypto Fees
Traders and miners aren’t the only ones cashing in on the cryptocurrency boom. Digital-asset exchanges are emerging as one of the biggest winners with the top 10 generating as much $3 million in fees a day, or heading for more than $1 billion per year, according to estimates compiled by Bloomberg. “The exchanges and transaction processors are the biggest winners in the space because they’re allowing people to transact and participate in this burgeoning sector,” said Gil Luria, an equity analyst at D.A. Davidson & Co.