How Crypto Exchanges Really Make Money: Spread, Funding, Liquidations & Fees Explained
Cryptocurrency exchanges are not charities or public utilities. They’re businesses. They’re like banks, stock brokerages, and payment apps, they must produce revenue to pay employees, maintain technology, offer security, and make a profit. A common misconception among beginners is that exchanges make money only through simple trading fees. Trading fees are only one component of […]