Over a past few years, many people have been wondering how Chinese Bitcoin exchanges make any money, to start with. There are no trade fees on many of these platforms, and deposits are not theme to any assign either. At a same time, these platforms customarily assign a reward Bitcoin price, and there are lending fees to take into comment as well.
Chinese Bitcoin Exchanges Are Very Different
It is clear for everybody to see Chinese Bitcoin exchanges use a really opposite income indication compared to their Western counterparts. In Europe and a US, it is usually normal to compensate a trade cost on each buy or sell order. But in China, those fees do not apply, as all trades are executed during 0% fee.
This begs a doubt as to how Chinese Bitcoin exchanges make any money. While they see a ton of trade volume each singular day, not charging any fees seems rather strange. Then again, buying Bitcoin on a Chinese sell is always theme to profitable a reward price, that can be anywhere from 3-8% depending on a time of purchase.
While a business indication might seem bizarre to Westerners, it creates a lot of clarity in