Paolo TestaTagomi, a New Jersey startup whose software helps investors trade cryptocurrencies, has cut its fees nearly in half, now charging 0.1% or less per trade. Since it has 275 clients and handles large trading volumes, it has negotiated discounts with the exchanges to offer lower fees. Those lower fees are a tempting offer for the average crypto trader, but Tagomi doesn’t want mom and pop investors. It also doesn’t reflect revenue from the other business lines, he adds, although trading fees currently provide the lion’s share of Tagomi’s revenue. The startup last raised $12 million in funding in March, and it’s not currently raising new funding, Bhargava says.

Source: Forbes December 13, 2019 10:52 UTC