Wall Street giants are triggering a massive fee war that could crush crypto exchange margins
Immediately after Morgan Stanley announced it was rolling out E*Trade, charging a mere 50 basis points undercutting established rivals Coinbase, Robinhood and Schwab, Bloomberg analyst Eric Balchunas said “crypto exchanges should be scared.” Others were less blunt, saying the Wall Street giant’s “isn’t entering crypto to complement Coinbase—it’s entering to replace it…” The battle for...
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