Research: Analysis of Crypto Transaction Fees Suggests Exchanges Prefer to Move in Bitcoin

On-chain data provided by Glassnode and analyzed by CryptoSlate showed an erratic history for fees earned by exchanges on Bitcoin transactions.

Since April 2021, fees through Bitcoin transactions have sunk significantly and remain truncated. Bitcoin transaction fees made up 36% of all exchange revenue sources related to BTC.

Analysis of Ethereum’s Exchange Fee Dominance paints a very different picture. Currently, Ethereum transaction fees account for 5% of exchange revenue sources related to ETH.

Withdrawals make up the most significant category of transaction fee type, which has been the case since July 2017.

Bitcoin Ethereum

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