Q3 crypto trading revenue drops by 55% says Robinhood
Trading revenue is the main source of income for any cryptocurrency exchange so the more trading is done on the platform the more money the exchange will be able to earn. This time the marketing is slightly better education but it is not to run. The Crypto exchanges are expecting some rise in trading volume. In Cryptocurrency, market burn is going to be the time when the exchange will make money. This time the Crypto exchanges are struggling with the trading volume and this situation is very bad in India because it has been affected badly due to tax applicability.
Robin Hood is a crypto exchange and this exchange has reported that there is a 50% drop in crypto trading revenue in quarter three. This is possible because when the market sentiments are not good then it is the time when people avoid trading and only the experts try to do it. This can also be the time for the exchanges to figure out different ways of revenue generation and they should not completely rely on trading. This may sound a bit difficult that what could be the other way for any crypto exchange for revenue source but this is what they need to figure out.
Robinhood reports 55% drop in crypto trading revenue in Q3: CNBC Crypto World
The Bitcoin price has gone up and is up by thirty per cent in the last month. Even the etherium has shown a good price momentum which means we can expect better market sentiments in the coming days or maybe weeks. It is hard to say as of now that we are heading towards the bull run because the situation is not favourable. This can be a kind of mini-will run you'd say but I don't think this will last long so be careful while you trade.
Panic trade is never a good idea and we should avoid it as much as possible because it might end up leaving some losses for us. I know that losing money in the crypto market or maybe any market is never a good experience but if we can avoid it by following certain ways then it is great.
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