And on actual exchanges, you pay a third of even that. With huge liquidity, most coins that have any relevance at all, and many, many features (send/receive, stake, margin, etc.).
Why can’t Swiss banks offer at least somewhat competitive products?
I somehow don’t think that people who ponder going through a bank to hold crypto really care at all about the difference between direct ownership of a crypto asset and the handling of fiat currencies by governments and the heavily regulated banks.
Meh, we trust brokers for other assets as well. If a crypto broker was a single point of failure for a large part of my assets that would change the picture. 5% does not. Transaction costs, chance of messing up, and general maintenance when holding multiple crypto assets seems disproportionate.
Well there is clearly a big difference of brokers vs. crypto exchanges. One of them is that (conventional) brokers are far more regulated & conservative than crypto exchanges.
Like I have never even heard of the CEO of IBKR, while many crypto exchanges have, lets say, ‘more interesting’ CEOs
But yeah, LUKB would not be one of these ‘interesting’ cases & one of the reasons would be that crypto is not their core business (yet? ).
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