Quote:
Originally Posted by Dirty F
I read that at several places.
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Actually, this one is rather easy to figure out...
anything below 1000 bitcoins or less is 0.5% fee. It goes up to 0.6%. Considering most trades are FAR BELOW 1000 bitcoins, it is safe to use 0.5% as an average, it is likely too low.
Volume traded each day is roughly 200k. Likely closer to 250k.
That is thus at least 1000 Bitcoins a day. Since I am SURE they take their commission in hard currency, not in Bitcoins (at least they should), that even at $50 BTC value is already 50k a day in revenue. Considering BTC is trading above $100, that the volume is closer to 250k and was up to 400k in the past days. In the last days, they made far more than 100k a day in revenue. So 100k profit at least the last few days is likely true.