How Crypto Exchanges Make Money: The Business Model Behind Binance, Coinbase, and Modern Trading Platforms
Crypto exchanges have become some of the most profitable businesses in the digital finance industry. Platforms like Binance, Coinbase, Kraken, and Bybit process billions of dollars in trading volume every single day. But many investors still wonder: 👉 How do crypto exchanges actually make money? At first glance, exchanges seem simple — users buy and…