Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Cryptocurrency Crypto

Lowering fees could help Crypto (Photo illustration by Jonathan Raa/NurPhoto via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Sep 28, 2022

A Strategy to End Crypto Winter

Cryptocurrency markets may find a solution to its recent slump by lowering fees. 

Key Details

  • Cryptocurrency may be able to benefit from lowering transaction fees as a means to stem the negative effects of the coming Crypto Winter, a term for the gloomy months ahead. 
  • “We’ve watched the total market cap of Crypto assets decline from more than $2 trillion to roughly $1 trillion just over the past year. It’s certainly been a bumpy ride and the future for many players in the Crypto ecosystem will be determined by how they navigate the cold months ahead,” says Yahoo Finance. 
  • “Small investors can pay a steep price for the privilege of trading Bitcoin and its many digital brethren. The range of costs, from network fees to commissions or spreads for using an exchange or brokerage app to trade, look like cents on the dollar but can be many times higher than what it costs to trade stocks or move money,” says The Wall Street Journal. 

Binance.US, a major Crypto exchange, cut fees for specific trades and has been noted by analysts to be the only tracked exchange seeing regular daily volume growth in the most recent corner, WSJ reports.

Why it’s important

Getting Crypto into a more stable place could position major currencies as a safe bet as the stock market continues to tumble and fluctuate. 

This would help its reputation, following the past year of Crypto fluctuations, with major assets like Bitcoin and Ethereum, generally seen as safer and less volatile, have respectively lost 70.3% and 71.2% of their value since November 2021.

“Central banks started raising rates to fight inflation, and the dollar strengthened significantly, seducing investors as the ultimate safe haven. At the same time, the economy began to sour and those new investors who still viewed Bitcoin as a risky asset exited in droves. The crash caused a wave of bankruptcies among young companies like Crypto trading platforms,” says CNN Business. 

“Another Crypto boom might lower the pressure on fees. It might also draw in more competitors. Fidelity Investments is already weighing adding bitcoin trading to its retail platform, the Journal has reported. Mergers to gain scale—both within Crypto and across to traditional players—could be the key to better economics, as it was in traditional brokering,” says The Wall Street Journal. 

Backing up a bit 

As we previously reported, the Fed’s new interest rate hikes have also contributed to a decline in Crypto markets. 

The Federal government has also been attempting to crack down on Crypto. A recent court order from the Department of Justice to the IRS has authorized actions against individuals who fail to report and pay taxes on their Crypto earnings. 

The White House has also pressured the U.S. Securities and Exchange Commission to further tighten regulations on Crypto in an attempt to crack down on abuse and fraud. Federal Reserve Chair Jerome Powell joined in the criticism too, declaring on Tuesday that stablecoins ought to be more tightly regulated. 

Home / News / A Strategy to End Crypto Winter
Share
FacebookTweetEmailLinkedIn

Related Stories

Wall Street Makes $100 Billion Bet on Weight Loss Pills

by PJ Howland Leaders Staff
Investing

Oct 25, 2023

Ozempic

Investor optimism around a potential blockbuster obesity drug by Structure Therapeutics led to soaring share prices across the weight-loss pharma sector.

Key Details

  • Structure Therapeutics' stock jumped 35% after reporting positive results from early clinical trials of a once-daily weight-loss pill.
  • The experimental drug helped participants lose about 5% of their body weight over one month without side effects, although there are concerns with Ozempic.
  • Analysts predict the global anti-obesity medication market could reach sales of $100 billion by 2030, up from $71 billion currently.
  • With promising growth prospects, investors are betting on companies developing new weight loss drugs like Structure, Eli Lilly, Novo Nordisk, and Pfizer.

Go deeper

FacebookTweetEmailLinkedIn

Parent’s Wealth Tip The Scales In SAT Scores and College Admissions

by PJ Howland Leaders Staff
Wealth

Oct 25, 2023

Parent's wealth tips the scales for SAT numbers

New data shows a strong correlation between family income and SAT scores, indicating the exam may act as a “wealth test” that advantages higher-income students.

Key Details

  • Students from wealthier families tend to score higher on the SAT than lower-income peers due to advantages like well-funded schools, tutors, and extracurricular activities.
  • The pandemic has exacerbated SAT score disparities, with average scores dropping the most among disadvantaged groups.
  • Addressing the gap requires increased funding for lower-income school districts and expanding access to test prep resources.
  • Children from the top 1% of families are twice as likely to attend an Ivy-Plus college (Ivy League, Stanford, MIT, Duke, and Chicago) compared to middle-class families with similar SAT/ACT scores.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn
Chevron Gas Deal
Markets

Oct 23, 2023

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff
netflix building
Entertainment

Oct 19, 2023

Netflix Hiking Prices While Adding Millions of Subscribers

by Colin Baker Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2025 Leaders.com - All rights reserved.

Search Leaders.com