Subscription Model for Crypto Exchange

[FlabbyScroll]

I'm currently working on creating a cryptocurrency exchange that will allow users to trade without fees by paying a monthly/annual subscription. We are planning on pricing the different subscription tiers based on transaction volume. There will be a free tier but the it will be capped at a certain amount of transactions per month.
In order to see how we should approach this subscription model, I'd like to ask this forum for feedback. How many trades do you guys make on average per month and how much would you be willing to pay per month if you could avoid the trading fees associated with those trades? What additional features would you like to see at higher subscription tiers?

Also, we might be incorporating atomic swaps with on exchange orders. This means that current on exchange members would have to approve the atomic swap manually or agree to auto approve. What are your thoughts on this?

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[topex.io]

you will not get profit from users who make 2-4 transactions per year on large volumes, people who use trading bots on worldly volumes will not be suitable. In my opinion, the model is not thought out to the end.

[Slow death]

It's an idea that will be too complicated to implement. Imagine if someone registers in your exchange just because your exchange has an Altcoin that doesn't exist in other exchanges, so that person will have to pay a subscription for a year while they only want to stay temporarily in your exchange? there are cases where people rarely enter the exchange, I venture to say that simply some people use the exchanges as a "wallet" because it's easier when the price goes up for this person to sell or even when the price goes down for this person to buy and I I doubt this kind of people will accept to pay a year's subscription

[sunsilk]

I don't that kind of approach will be effective. We tend to get into an exchange where we can save more fee. How much you're going to cap for the free tiers? because if you're also offering a free tier, what makes it better for choosing exchange that has the same feature?

But their only condition is when you don't follow the KYC process.

How many trades do you guys make on average per month

It really varies and I don't have a figure that I can give.

how much would you be willing to pay per month if you could avoid the trading fees associated with those trades?

If there's an exchange that offers it for free and I just have to hold a certain amount of its token to have discount for the fees, why I have to choose a subscription monthly?

[btc_angela]

I'm currently working on creating a cryptocurrency exchange that will allow users to trade without fees by paying a monthly/annual subscription. We are planning on pricing the different subscription tiers based on transaction volume. There will be a free tier but the it will be capped at a certain amount of transactions per month.

We would understand if you would set a cap here. Personally, though, I would rather not pay for extra.

In order to see how we should approach this subscription model, I'd like to ask this forum for feedback. How many trades do you guys make on average per month and how much would you be willing to pay per month if you could avoid the trading fees associated with those trades? What additional features would you like to see at higher subscription tiers?

Hard to say, I'm not a active trader right now, quite a few in a month probably less than 10 for me. Again, I'm not willing to pay per month, but it's just me.

Also, we might be incorporating atomic swaps with on exchange orders. This means that current on exchange members would have to approve the atomic swap manually or agree to auto approve. What are your thoughts on this?

Of course who wouldn't want to have atomic swaps? centralized intermediaries in between, but I don't think this will be enough though, just saying.

[Potato Chips]

well uhh, users are technically paying trading fees through the monthly subscription...

My biggest concern is how is the monthly subscription going to establish an advantage for both the exchange as it has to profit enough and to your users in terms of savings over using other exchanges?

Anyone could only give an estimate on how much $$$ they trade every month which means it'll be a hit or miss when it comes to reaching near their cap so I feel like users would spend more on fees in your exchange. And if you make the subscription cheap, wouldn't it affect your profit and the quality of the service you're providing?

Lastly, it's uncomfy to disclose that info where every post can be seen by anyone. Better get a survey form that offers some extent of anonymity. It also helps the data to be organized, especially if you're getting respondents from different sites.

[hugeblack]

I'm currently working on creating a cryptocurrency exchange that will allow users to trade without fees by paying a monthly/annual subscription.

A person cannot determine how many transactions he or she makes during the week or month because they are based on the profit principle.
If there are many fluctuations during a given month, the number of exchanges will increase and vice versa.
It can make sense to count the number of conversions for payment, for example, every 100 transfers are deducted $ 1 from your account.
It can be profitable if you have a huge number of coins, and all the platform does is update the values.