Cryptocurrency Q&A
Is a reciprocal exchange a profit?
Is a reciprocal exchange a profit?
Tommaso
Sun Nov 10 2024
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6 answers
925
I'm trying to understand if a reciprocal exchange, where goods or services are exchanged between two parties, can be considered as a profit. I'm curious about the financial implications and whether such exchanges are viewed as profitable transactions.
6 answers
CryptoProphet
Tue Nov 12 2024
This profit motive does not contradict the exchange's not-for-profit nature directly.
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emma_anderson_scientist
Tue Nov 12 2024
Additionally, the attorney-in-fact may have external shareholders who seek profits.
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ShintoBlessing
Tue Nov 12 2024
The reciprocal exchange operates on a not-for-profit basis technically.
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EthereumElite
Tue Nov 12 2024
These shareholders are not subscribers to the exchange itself.
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CryptoBaron
Tue Nov 12 2024
Despite its non-profit status, the exchange is capable of accumulating surplus funds.
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