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Re: hearmeout post# 25748

Wednesday, 08/02/2017 3:43:27 PM

Wednesday, August 02, 2017 3:43:27 PM

Post# of 76492
Hearmeout it looks like what they are going to do with the new endeavor is create an online brokerage for cryptocurrencies. If they can pull it off in the right way... The profits could be substantial.

For instance in 2016 Etrade profited around 500 million from online trading. So if CryptoBuy.com could pull off even 1 percent of that with a similar business model. That'd be 5 mill in extra profits, 10 percent would be 50 mill etc etc... That's net not gross.

Let's hope they are smart enough to build a good platform that can draw traders in with top of the line charting, have attractive pricing and commisions, and can generate those kinds of numbers.

https://en.m.wikipedia.org/wiki/E-Trade