Changpeng Zhao
👤 SpeakerAppearances Over Time
Podcast Appearances
So many people don't realize that you actually want to charge the minimum fee that you minimum cut until you are sustainable.
And hopefully you can scale.
If you can do that, you'll make way more money than you charge eight or nine.
So where's the real money made with Binance?
Trading fees, actually.
Trading fees.
Just trading fees.
When people trade, we charge a small commission, or Binance charges a small commission.
That's, yeah.
Comparable to others, how much lower are you compared to others?
I think compared to some, especially some of the U.S.
players, we're probably 20x lower.
20x lower.
Yeah, yeah, yeah.
So in some places.
So, yeah.
So we're like...
We provide the lowest fees in the non-US markets.
That fee, we don't have access to the US markets yet.
Got it.