No-fee trading has arrived for crypto. Here’s what that may mean for revenue at these companies
— Market, Money, Trading, Revenue, Lau, World, Binanceus, Arrived, Brokerage, Heres, Nofee, Fees, Coinbase, Crypto, Companies, Mean — 1 min read
Last week, the U.S. arm of the crypto exchange Binance.US dropped fees for spot bitcoin trading. Some see no-fee trading as inevitable, but others say it's unlikely to migrate to the crypto world. Oppenheimer equity analyst Owen Lau said he's worried companies will take on higher risk to make up for a loss in trading fees. Lau said the industry will need to enter a new age of transparency around its business models. The move came at the lowest point of a nearly seventh-month sell-off in crypto and other risk assets, as it has been struggling with interest rate hikes and the collapse of the biggest stablecoin project in recent history. Source