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0 pointsck_one5y ago0 comments

On first glance I thought users can trade directly on an exchange (where you have to pay a fee for a trade) through your platform. So now users have to pay a fee to the exchange AND to you. Is that correct?

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3 comments · 1 top-level

colbycornish5y ago· 2 in thread

We don't charge additional fees on top of what you're already paying to place a trade on an exchange, so if you want to buy BTC on Kraken through Hedgehog, we don't take a cut of that at all.

ck_oneOP5y ago

Now I am confused.

centralboy asked: > In other words, you route orders and users get worse prices because you MM yourself, also like traditional finance. It's a good business model for you but as a user I'd rather see transparency and a move towards DeFi where everyone is guaranteed the same execution.

And you confirmed his statement. So are you charging additional fees or not?

jadillionaire5y ago

- right now as our product is, we do not make money because we do not charge additional fees if you trade through an api on one of your exchanges. - we are currently building our own custody wallet solution partnered with other companies where (without sharing any of the secret sauce) we will be able to connect our users with best priced transactions. In this solution, we plan to keep some of the discount spread for ourselves and pass along much of it to the user.

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