Retail Traders Pay Heftiest Fees in Crypto Markets Boom

Crypto markets have become increasingly popular for around-the-clock leveraged bets using contracts that never expire, known as perpetual swaps. A recent study by Stanford University and Columbia Business School sheds light on how much retail investors are paying for this type of trading.

The researchers found that users identified as likely retail speculators on the Hyperliquid platform, one of the largest venues for perpetual swaps, tend to trade on the costlier side of the market. This means they pay higher fees compared to institutional investors or other types of traders.