How Does Binance Make Money?
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Description
Binance, the world’s largest cryptocurrency exchange, primarily generates revenue through transaction fees. When users buy or sell cryptocurrencies on the platform, they pay a small fee, typically a percentage of the transaction value. Binance also offers other services like lending, staking, and derivatives trading, which generate additional revenue streams. These services involve charging interest, fees for trading contracts, or fees for participating in staking pools.
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- Member Since: August 27, 2024