Home Cryptocurrency New crypto exchange Wall Street Titans aims to seriously reduce costs for investors

New crypto exchange Wall Street Titans aims to seriously reduce costs for investors

by SuperiorInvest

EDX CEO Jamil Nazarali said in an interview on Tuesday that he is trying to move cryptocurrencies towards the low costs seen in US stocks. He gave a theoretical example of an investor trying to buy a $5,000 S&P 500 ETF, whose cost of that trade — measured by the cut, known as the spread, that the broker would need to complete the trade — would likely be a few. pennies. A similarly large BTC trade can currently cost $25, Nazarali said.

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