Cryptocurrency Q&A
How do binary brokers make money?
How do binary brokers make money?
ethan_lewis_journalist
Fri Dec 13 2024
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6 answers
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I'm curious about how binary brokers generate revenue. I understand they provide a platform for trading, but what are their main sources of income? How do they actually make money?
6 answers
SunlitMystery
Sun Dec 15 2024
The spread represents the discrepancy between the purchase and sale prices of a binary option.
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MysticStorm
Sat Dec 14 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to different trading needs.
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Raffaele
Sat Dec 14 2024
Brokers capitalize on this difference by imposing a spread fee on every transaction executed by traders.
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StarlitFantasy
Sat Dec 14 2024
This spread is a crucial revenue stream for brokerages in the binary options market.
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Sebastiano
Sat Dec 14 2024
Market volatility and overall conditions can significantly influence the size of the spread.
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