Corey San Diego on Nostr: Thank you! I dont think theres enough liquidity for institutions (2024 averaged $35k ...
Thank you!
I dont think theres enough liquidity for institutions (2024 averaged $35k traded per day), plus theyre generally not the audience for KYC-free trades. I think the main pressure for higher value trades is that the minimums are denominated in BTC and the price has gone up a lot. Currently the trade fee is 5000 sats or 0.15% (whichever is greater) for offer makers. So you dont start benefitting from the lower rate until your trade is 0.033 btc, thats over $3000!
No idea about Revolut. At first glance, it seems similar to zelle/strike in that it's a walled-garden middleman. Maybe the UX is better? Ive never used it.
I dont think theres enough liquidity for institutions (2024 averaged $35k traded per day), plus theyre generally not the audience for KYC-free trades. I think the main pressure for higher value trades is that the minimums are denominated in BTC and the price has gone up a lot. Currently the trade fee is 5000 sats or 0.15% (whichever is greater) for offer makers. So you dont start benefitting from the lower rate until your trade is 0.033 btc, thats over $3000!
No idea about Revolut. At first glance, it seems similar to zelle/strike in that it's a walled-garden middleman. Maybe the UX is better? Ive never used it.