Launch HN: Coinrule (YC S21) – Automated Trading Made Easy

Re:Launch HN: Coinrule (YC S21) – Automated Trading Made Easy by mchakravarti7 on Thursday July 15, 2021 @04:51PM (#27849971)

Hi! This is very interesting - I had a question but more so on the business side. I don't know much about finance, but what made you decide on a fixed fee pricing model than a take rate model like a hedge fund.

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Re:Launch HN: Coinrule (YC S21) – Automated Trading Made Easy by ogiberstein on Thursday July 15, 2021 @05:02PM (#27850096)

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.

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Re:Launch HN: Coinrule (YC S21) – Automated Trading Made Easy by vineyardmike on Thursday July 15, 2021 @05:33PM (#27850406)

> 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.

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Re:Launch HN: Coinrule (YC S21) – Automated Trading Made Easy by ogiberstein on Thursday July 15, 2021 @05:36PM (#27850429)

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

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