Where do so many bitcoin exchanges get the money to stay open?

[btccashacc]

Big volume of bitcoin is give Big fee in trading
and he take profit from that way

[1714743419]

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[gentlemand]

Big volume of bitcoin is give Big fee in trading
and he take profit from that way

I assume the OP is referencing all the piddly exchanges out there, and there's no shortage of them.

[techgeek]

The whole big fee with exchange thing wont change though. But maybe gemini will run things differently?

OR else how would the exchange stay afloat, it needs a certain amount of fees to cover overhead costs and then also provide fiat or bitcoin when people want it as well.

[n2004al]

Some Bitcoin exchanges work more for fun, not for profit. Owners just like to be in BTC world 

Hahaha. You make me laugh. Very funny. You tell that some people invest money in a business only for fun? I don't know if you are joking or you believe in this but this sentence it is very strange. I can't believe this never.

[randy8777]

The whole big fee with exchange thing wont change though. But maybe gemini will run things differently?

OR else how would the exchange stay afloat, it needs a certain amount of fees to cover overhead costs and then also provide fiat or bitcoin when people want it as well.

can't think of a reason of why gemini would run its exchange without fee. maybe only at the very beginning as a promotion for joining people. i find a fee between 0.1-0.2% reasonable and fair. 

[RealBitcoin]

Well even the smallest exchange has a daily volume of 50 BTC.

So that is a 0.2% fee on 50 BTC, so basically the exchange is earning at least 0.1 BTC/day, which is pretty good.

[acquafredda]

I wouldn't be surprised if a couple of exchanges are running on fractional reserves. Proving their solvency is an important step for me.

No man! I'm sorry but I think that most of them use that system. The have this option and I think they use it.

Please refer to this thread: it is always good to know this kind of things.

 

https://bitcointalk.org/index.php?topic=945881.0

[NoRespect]

Some Bitcoin exchanges work more for fun, not for profit. Owners just like to be in BTC world 

hahaha,,that's right if you want to profit, playing trading, not exchanger 

[Q7]

Maybe you underestimated the trade volume. Sometimes just by sitting in front of the computer and looking at the screen you can just see how fast the numbers run every minute. Plus the money parked in exchangers could be used for other things. That's why insolvency is one issue.