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Gerald Cotten ////// 524 /// Clip 3

November 04, 2022 / 00:42

This episode discusses the operational models of crypto exchanges, focusing on transaction fees and order fulfillment delays.

The conversation highlights how many exchanges may not fill orders immediately, often leading to delays in transactions. The hosts mention that exchanges can issue IOUs to manage these delays.

One unique aspect discussed is a specific model where both buyers and sellers are charged a fee for transactions, indicating a structured business approach rather than a scam.

TLDR

Crypto exchanges face order fulfillment delays and charge fees for transactions.

Episode

0:42
00:00:00
and and that's not exactly out of the ordinary a lot of crypto exchanges might not be able to fill your order
00:00:08
immediately right so they will have these little tags of ious whatever you want to call them
00:00:15
and fulfill them over the next few days because they might not be able to do it immediately yeah but what's interesting
00:00:22
about his model was that their company charged you to make the transaction so once you bought the hundred dollars and
00:00:32
whoever sold you the hundred dollars both had to pay a fee so it wasn't just like some scam business
00:00:40
the

Episode Highlights

Episode Quotes

Key Moments

  • Crypto Exchanges00:04
  • Order Fulfillment00:06
  • Transaction Fees00:26