Gilberto (OP)
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Activity: 35
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February 04, 2014, 10:16:25 AM |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
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zaigon
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February 04, 2014, 11:32:19 AM |
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in theory they make huge amount of money per day 0.2% fee for BTC if the volumen is BIG for example the volumen today is 5800 btc for BTC/USD market from that they make like 12 BTC only from that pair..i rememmber in november when the first big pump of 1100 usd per bitcoin they make 400k usd in 1 day only from fees
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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February 04, 2014, 01:27:19 PM |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
FEES = BIGGGG MONEY |
Those who hold and those who are without property have ever formed distinct interests in society
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MPOE-PR
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February 05, 2014, 10:16:08 PM |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
You seem to be a bit confused. MCXNow is pure scam. Cryptsy and BTC-e are arguably functional altcoin marketplaces, and the latter attempts to offer a fiat exchange. BTCT was a wannabe stock exchange that has long since shut down. What are you trying to find out, exactly? |
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FlyForFun
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February 06, 2014, 03:59:01 PM |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
They are making lots of money, but on the other hand they are the main target of government and hacker. Good luck keeping your money safe.. |
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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February 06, 2014, 04:32:46 PM
Last edit: February 07, 2014, 05:44:51 AM by knightcoin |
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+- 2% ... I wondering how much profit EBS, Reuters, interbank, Eurex and ... also .. for stock NASDAQ et All  and the data they sell .... I still waiting for a proper opensource exchange ... Sounds like butter coin will follow bex.io steps .. you going to be like a broker guess not exactly exchange ... an exchange holds far more valuable information ... |
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BitcoinBobbeh
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February 07, 2014, 01:55:49 AM |
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Gox is looking pretty profitable right now!
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By the end of next month at the latest we will have permanently left behind 3 digits. You can quote me on this.
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glendall
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Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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February 07, 2014, 05:04:32 AM |
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Pretty amazing if your name is Ukyo / Jon Montroll, and you treat all of your customers' deposits as going into your own personal wallet. Not to mention the other exchanges that vanished suddenly.
To be serious though, I'd imagine the profits are massive. If you get big, you'd have to spend a lot on hardware, and you should be spending tons on security analysis and other good developers, but even after those costs are taken away, it has to be wildly profitable.
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Sonny
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February 07, 2014, 04:32:27 PM |
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in theory they make huge amount of money per day 0.2% fee for BTC if the volumen is BIG for example the volumen today is 5800 btc for BTC/USD market from that they make like 12 BTC only from that pair..i rememmber in november when the first big pump of 1100 usd per bitcoin they make 400k usd in 1 day only from fees
True, but some says the volume figures are fake... |
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scryptographer
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February 09, 2014, 12:36:00 AM |
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MCXNow, Crypsy, BTCT, BTC-E?
I'm conducting a survey to determine the actual profitability of the popular exchanges.
Does anyone have any idea of what the volume is for these exchanges? What these exchanges make weekly or monthly and how we could find out?
Assuming the volume numbers given by Cryptsy's own API are accurate, in the last 24 hours they have made about 6BTC on fees (0.2% of 3043). BTC-e reports 10,000 BTC trade volume for last 24h in BTC/USD market alone (~20BTC in fees). |
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Nagle
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Activity: 1204
Merit: 1000
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February 09, 2014, 07:04:55 PM |
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I'm conducting a survey to determine the actual profitability of the popular exchanges. Nobody releases audited numbers, so you don't know. In theory, running a large Bitcoin exchange should be reliably profitable. In practice, over half of all Bitcoin exchanges have gone bust. There's an enormous temptation in financial services companies to speculate with the customer's money. This was a major cause of the 2008 financial collapse. In the Bitcoin world, with no audits, it's probably common. |
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PoolMinor
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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February 14, 2014, 12:05:15 AM |
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From Cryptostocks.comFrom dividends section: Period = 1 weekDividend Payout 01/25 Collected Fees This Period: (Jan 17 - Jan 23) BTC Fees: 335.28 btc LTC Fees: 1100.02 ltc @ 0.0266 = 29.26 btc XPM Fees: 163.86 xpm @ 0.00357 = 0.585 btc Total Fees Collected: 365.125 btc |
Btc=C2MF Free BTC Poker Being defeated is often a temporary condition. Giving up is what makes it permanent. -Marilyn vos Savant
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efarah2549
Member
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Activity: 98
Merit: 10
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February 14, 2014, 03:30:27 AM |
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Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.
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farlack
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Activity: 1311
Merit: 1000
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February 14, 2014, 01:09:39 PM |
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Extremely profitable that's why it is so insane that mt gox has not gone through any effort to fix their issue or even offer competent customer relations.
Gox probably borrowed a lot of their customers coins early on without permission and the price jumped and they could not catch up buying back. Just my opinion. |
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D05GTO
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February 14, 2014, 06:26:30 PM |
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If it's a Registered MSB in the USA, then it costs a mint just to get started. Would be to high of a risk investment for me personally. But no risk no reward.
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Revolution
Full Member
Offline
Activity: 140
Merit: 101
Trading BTC, looking for amazon cards
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February 16, 2014, 02:19:20 PM |
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If it's a Registered MSB in the USA, then it costs a mint just to get started. Would be to high of a risk investment for me personally. But no risk no reward.
Well now it would be a high risk investment unless your exchange service brings something new or a new level of security. |
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troy112
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February 18, 2014, 09:41:24 AM |
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They make huge amounts of money, but you should also see the opposite side. Hosting fee, support fees, downtimes and all. Its a high risk, there are hacks all the time. You also have to contribute the security needed, and developers...
But yea they do make a lot of money.
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ShakyhandsBTCer
Sr. Member
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Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 15, 2014, 12:41:29 AM |
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If you were to multiply their average daily trading volume by ~.5% then you will calculate their revenue.
To calculate their costs is more complicated. They need to pay for support (likely their biggest expense), network access, cloud computing, AML/KYC staff.
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pastet89
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June 15, 2014, 08:58:25 AM |
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Mintpal makes half a milion USD per month, according to their volume and fees.
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Cryptostats.es
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waldox
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June 15, 2014, 07:09:20 PM |
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exchanges are most profitable if they steal their customers money and dont get caught
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