In the past, exchanges used to make money in many ways, such as running away with donations, etc. Now, the top exchanges have become more formal, and funds must be publicly disclosed. The phenomenon of users dumping and pulling the market, which has been criticized before, has also become less common. Of course, it cannot be completely eliminated. Exchanges are now strictly regulated, and some insider trading and insider trading will be strictly investigated. The current investment environment is much better than before. Especially Binance, everyone can use it with confidence.

I have a friend who works in a crypto exchange, so I know a little bit about it. Let me briefly explain it here.

1. Handling Fees: Take Binance as an example: Binance's spot handling fee is 1/1000 of each transaction amount, and the contract handling fee is 0.2% or 0.5% of the position value (depending on whether it is a maker or taker transaction). The income from handling fees can still account for a large proportion in a bull market, but it will drop a lot in a bear market.

2. Interest: When you deposit your assets into an exchange, the exchange gains control over your assets, and they may use your funds to earn interest on your deposits. Take Binance as an example. Binance currently has assets of around $50 billion. If it can find financial management with an interest rate of around 3%, then its income will be $1.5 billion per year. Although it is not actually that much, it is also an important part of the exchange's income source.

3. Counterparty: A large part of the contract's buy and sell orders is the exchange's own funds. In other words, the exchange is betting against the users. This is something the exchange dares not admit, but it does exist. The exchange's own funds make money mainly through two modes - macro and micro. The macro mode is that the exchange knows which point in the market has the most liquidation amount, and manipulates the price to make money by blasting at a fixed point. The micro mode is that the exchange can find out which users often lose money through big data statistics, and then specifically bet against the users who often lose money.

4. Listing fee: This is actually very simple. Most projects need to spend money to be listed. Depending on the level of the exchange and the quality of the project, the listing fee of the top exchanges is around 20wu-100wu, and the listing fee of the secondary exchanges is around 2wu-10wu. In addition to the listing fee, there is also a large source of income from market making funds, that is, the exchange needs to ask the project party for a certain amount of u and tokens for initial liquidity provision, but generally the exchange will directly sell 50% of the initial liquidity requested (especially some small and medium-sized exchanges), and then put it into their own pockets.

5. Investment, they have first-hand resources

6. Handling fee, but it can be ignored, all given to the agent

7. User funds can be used at will...

There are many profit models for cryptocurrency trading. Investors can choose a strategy that suits them based on their investment experience, risk tolerance and time schedule. No matter which model they choose, investors need to have good market awareness, technical analysis skills and risk management awareness. The cryptocurrency market is high risk, and investors should conduct sufficient research, understand market dynamics, and always maintain a cautious and rational investment attitude. By deeply understanding and learning the strategies and techniques of cryptocurrency trading, investors can find profit opportunities in the digital currency market and obtain considerable returns.