[ogiberstein]

Good question - I'll jump in for Gab as its his mum's birthday today :)

With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform. The other point is that user funds sit on the exchanges and we have no withdrawal rights for greater account safety, so it's easier for us to just charge a fixed fee.

[vineyardmike]

> With fixed fee pricing we are seen by regulators as a Software provider rather than a trading platform

Is this a well established rule? I had a few startup ideas related to fintech, and this would be a very interesting change in the value proposition.

[ogiberstein]

Hm not sure how well established as a rule this is - we got this advice from a fintech-proficient lawyer though