GangnamGlitzGlamour
Mon Jul 15 2024
|
6 answers
1374
Do crypto exchanges incur chargeback costs?
As a professional practitioner in the field of cryptocurrency and finance, I'm curious to understand the intricacies of crypto exchanges and their operational costs. Could you elaborate on whether crypto exchanges incur chargeback costs? In traditional financial systems, chargebacks are a common occurrence when a customer disputes a transaction, but given the decentralized nature of cryptocurrencies, I'm uncertain how this applies to exchanges. Does the absence of a central authority impact the likelihood of chargebacks, or do exchanges have to factor in such costs in their operational budget? I'd appreciate your insights on this matter.
