How exchanges make money


by The Bitcoin Reserve Podcast on 22 Nov 2022

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In this episode of the Bitcoin Reserve Podcast, we discuss:

  • The myth of “zero fees”
  • Why the spread IS the fee
  • How liquidity provision functions with exchanges & brokerages
  • The difference between exchanges and OTC desks
  • How OTC desks can help clients avoid slippage and increase privacy by not having public order books

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