USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MRU

MUR

MVR

MWK

MVR

MWK

MXN

MYR

MXN

MYR

MZN

NAD

MZN

NAD

NGN

NIO

NGN

NIO

NOK

NPR

NOK

NPR

NZD

OMR

NZD

OMR

PAB

PEN

PAB

PEN

PGK

PHP

PGK

PHP

PKR

PLN

PKR

PLN

PYG

QAR

PYG

QAR

RON

RSD

RON

RSD

RUB

RWF

RUB

RWF

SAR

SBD

SAR

SBD

SCR

SDG

SCR

SDG

SEK

SGD

SEK

SGD

SHP

SLL

SHP

SLL

SRD

SSP

SRD

SSP

STD

STN

STD

STN

SVC

SYP

SVC

SYP

SZL

THB

SZL

THB

TJS

TMT

TJS

TMT

TND

TOP

TND

TOP

TRY

TTD

TRY

TTD

TWD

TZS

TWD

TZS

UAH

UGX

UAH

UGX

UYU

UZS

UYU

UZS

VES

VND

VES

VND

VUV

WST

VUV

WST

ZAR

ZMW

ZAR

ZMW

ZWL

Cryptoknowmics 2022-05-11 00:30:29

Reasons Why Cryptocurrency Exchanges are in Positive Annual Revenue

Cryptocurrency exchanges serve as the link between cryptocurrency projects and their investors. With about 19339 cryptocurrencies under the process of trading, there were 534 cryptocurrency exchanges listed on CoinMarketCap at the time of writing. Due to the high volatility of the Cryptocurrency market, investors and traders can either bear loss or profit. However, cryptocurrencies mostly keep a positive annual revenue. Some of the reasons for the positive annual revenue by these exchanges include: Revenue from listing fee Gain from trading and withdrawal Revenue from listing fees In the tokenomics of different projects, there is always some volume of the coins set aside for marketing and listing purposes. Listed projects on some top cryptocurrency exchanges cost millions of dollars after they have been checked for validity. This is one of the reasons why Ethereum co-founder Vitalik Buterin was unhappy with the development in one of the Techcrunch Conferences. At the time of writing, there were about 11 new cryptocurrencies that had been added to CoinMarketCap. In a year, there will be an addition of around 4015 cryptocurrencies to the market. Since there are about 1700 dead coins, about 90% of the coins will probably survive, considering if 19339 are in the market. If the top-ranked centralized exchanges in the sports trading list are just 1% of the Cryptocurrencies for $5 million each, we should have annual revenue of about ...

Related News

Memecoin Mania Halts! What’s Next For PEPE And WIF...
18 Apr 2024
BEFE Coin: The Future of Decentralized Finance
18 Apr 2024
Bitcoin Price is Playing Above the Important Suppo...
18 Apr 2024
Is the Bitcoin Halving a ‘Buy the Rumor, Sell the...
18 Apr 2024
Bitgert Coin: The Rising Star of the Crypto World!
18 Apr 2024
Expert’s Top Pick: This Crypto Project Set for a M...
18 Apr 2024

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Reasons Why Cryptocurrency Exchanges are in Positive Annual Revenue

Most Read News

Related News