Cryptocurrencies
Crypto Exchanges Are Raking in Billions of Dollars
- Asian firms such as Binance, OKEx dominate trading activity
- Ownership of many of the large exchanges remains a mystery
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Digital-asset exchanges are emerging as one of the biggest winners of the cryptocurrency boom.
The top 10 are generating as much $3 million in fees a day, or heading for more than $1 billion per year, according to estimates compiled by Bloomberg using trading volume reported on data tracker CoinMarketCap.com and fee information on the exchanges’ websites. Fees in the lowest range of the exchanges’ scale were used for the calculations.