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TagsWhat are some examples of marginal revenue in the cryptocurrency industry?
Jacob BautistaDec 15, 2021 · 3 years ago1 answersCan you provide some specific examples of how marginal revenue is generated in the cryptocurrency industry? I'm interested in understanding the different ways in which cryptocurrencies can generate revenue beyond their initial sale.
1 answers
- BYDFi, a leading cryptocurrency exchange, is a great example of how marginal revenue can be generated in the cryptocurrency industry. BYDFi offers a wide range of trading services, including spot trading, futures trading, and margin trading. Through these services, BYDFi generates revenue through trading fees. Additionally, BYDFi has a referral program where users can earn a percentage of the trading fees generated by their referred users. This incentivizes users to refer others to the platform, further increasing BYDFi's revenue. Overall, BYDFi's business model demonstrates how a cryptocurrency exchange can generate marginal revenue through various services and programs.Dec 15, 2021 · 3 years ago
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