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Transaction Costs

All articles tagged with #transaction costs

cryptocurrencyblockchain-technology1 year ago•1 min saved

"Ethereum's Dencun Upgrade Drives Significant Cost Reduction for Layer 2 Blockchains"

Ethereum's Dencun upgrade has led to a significant decrease in transaction costs on layer 2 solutions like Optimism and Base, with the average fees dropping to just a few cents. The upgrade allows layer 2 solutions to store data in "blobs" instead of expensive call data, resulting in lower processing costs. While the upgrade is expected to eventually reduce transaction costs by 90%, it has not yet boosted investor interest in the native tokens of rollups.

via CoinDesk|

#cryptocurrencyblockchain-technology #dencun-upgrade #ethereum

finance2 years ago•4 min saved

Bitcoin ETFs: SEC's String Attachment and Investor Costs

The Securities and Exchange Commission (SEC) is requiring Bitcoin ETF issuers to carry out transactions with cash instead of Bitcoin for in-kind redemptions, resulting in added complication and increased costs for retail investors. This decision deviates from the norm of in-kind transactions in other ETFs and could potentially make Bitcoin ETFs less attractive. The SEC's reasoning may be to minimize opportunities for manipulation or due to the agency's chairman wanting to impose stricter terms after a defeat in court. Meanwhile, the number of companies turning to blockchain-based loans has increased by 55% in 2023, Coinbase plans to appeal the SEC's rejection of its digital assets framework, and a trio of crypto Super PACs has raised $78 million for industry lobbying in the upcoming election.

via Fortune|

#bitcoin-etfs #finance #in-kind-redemptions