According to Eric Balchunas, crypto exchange commissions remain significantly higher than traditional stock brokers of the 1970s, especially impacting new traders. This cost factor is accelerating the rapid adoption of crypto ETFs, which offer lower fees and easier access to assets like BTC and ETH. As a result, the shift to ETFs is expected to impact trading volumes and fee structures across major crypto exchanges (source: Eric Balchunas, Twitter, June 15, 2025).

According to Eric Balchunas, crypto exchanges are now charging commissions of 1.5-2%, a level not seen since the 1970s in traditional finance (source: Twitter @EricBalchunas, June 6, 2025). This surge in trading fees can significantly impact crypto trading profitability, especially for active traders and high-frequency trading strategies. Higher transaction costs may drive traders toward decentralized exchanges or platforms with lower fees, potentially shifting liquidity and affecting overall market dynamics in the short term. Traders should closely monitor fee structures across exchanges as part of their risk management and cost-control strategies.

According to Eric Balchunas on Twitter, determining a fair transaction fee when purchasing $3000 worth of Bitcoin on a new crypto exchange account is a key concern for traders. Industry standards show that leading platforms like Coinbase and Binance typically charge between 0.1% and 1.5% per transaction, depending on payment method and account tier (source: Coinbase Fee Schedule, Binance Fee Structure). For a $3000 Bitcoin purchase, this means a reasonable fee would range from $3 to $45. Traders are advised to compare fee structures and consider exchange liquidity, as lower fees can significantly improve entry prices and overall profitability, especially for larger transactions. Choosing exchanges with transparent, competitive fees is essential for optimal crypto trading outcomes (source: Eric Balchunas Twitter, Binance, Coinbase).