Trans-Fee Mining Model Upsets the Crypto Exchanges Status Quo
Crypto exchanges have become the lifeline of the cryptocurrency industry, facilitating the smooth transfer of cryptos between individuals and to a large extent determining the price of cryptos. From relative obscurity a few years ago, they now facilitate billions of dollars’ worth of transactions. In recent months, some exchanges have established themselves as the market leaders and have dominated the industry. They include Binance, OKEx, Bitfinex and Huobi, all originally from China. Howe
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