Spot Vs Futures Fee Revenues (April)
Estimated income from Spot trading of the 3 top exchanges amounted to ≈$50M on each, which is ≈30% more than the futures.
The exception was the FTX, which derivatives trading income is 10 times higher than the spot.
cryptorank.io/derivatives-an
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I'm pretty interested in what you used for fees for the exchanges!
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In this revenue chart, we didn’t take into account any VIP programs and fee discounts for native exchange tokens holders, and other factors that reduce the estimated revenues of exchanges.
For FTX we took fee rates there
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