What is the earning mechanism behind Gemini's cryptocurrency exchange?

1 answers

• Muhammad Fajrin AljabarJan 03, 2022 · 4 years ago
  When it comes to the earning mechanism behind Gemini's cryptocurrency exchange, it's important to understand that the exchange operates on a fee-based model. Gemini charges trading fees for every transaction made on the platform. These fees are a percentage of the total transaction amount and vary depending on the trading volume. This is the primary source of revenue for Gemini. Additionally, Gemini offers a lending program called Gemini Earn, where users can lend their cryptocurrencies to the exchange and earn interest on their holdings. Gemini then lends these cryptocurrencies to institutional borrowers and earns interest on the loans, creating another stream of income. Apart from trading fees and interest income, Gemini also offers premium services like Gemini Custody and Gemini Clearing, which contribute to their overall earnings. So, in essence, Gemini's earning mechanism revolves around trading fees, interest income from lending, and revenue from premium services.
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