Cryptocurrency Q&A
What is the custody fee expense?
What is the custody fee expense?
DongdaemunTrendsetterStyleIconTrend
Thu Oct 24 2024
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6 answers
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I'm trying to understand the concept of custody fee expense. Could someone explain what it is and possibly provide some examples or contexts where it might apply?
6 answers
NebulaNavigator
Sat Oct 26 2024
Custody fees are viewed as administrative expenses in the financial industry.
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KpopHarmony
Fri Oct 25 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions. Their custody services might include additional fees for accounting, securities lending, and performance measurement.
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Bianca
Fri Oct 25 2024
These fees generally encompass two main components: an asset-based portion and a transaction-based portion.
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ZenHarmony
Fri Oct 25 2024
The asset-based portion of the custody fee is often calculated based on the value of the assets being held.
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lucas_lewis_inventor
Fri Oct 25 2024
The transaction-based portion, on the other hand, is charged based on the number or value of transactions conducted.
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