Most of us might feel that it would not generate a decent amount if charged just 0.2 or 0.5 percent per transaction. Would you believe if I said Binance and OKEx generate around $1.7 billion every day?
How much do you think Binance and OKEx charge per transaction? Binance charges 0.7% and OKEx, a meager amount of 0.07%. It might look too small per transaction basis. Trust me; it adds up to be really huge when the transactions are for huge amounts.
Even if we consider other exchange platforms like Bitfinex, Bithumb, and Huobi, they generate between $600 million and $1.5 billion every day. Surprisingly their trading fee is only 0.3%.
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