Cost Component for Currency Operations
Cost Component for Currency Operations
The average percentage cost of blockchain-based transactions compared to the average amount being transferred.
Computational method:
Calculates the average percentage value of the cost of confirming a blockchain-based Currency transaction compared to the average amount being transferred, expressed in USD.
Formula:
Cost component for Currency operations = [(Average cost of a Currency/USD exchange transaction) x 100] / (Average transaction in USD)
Remark:
In other words, the cost component for Currency operations displays the average cost of completing one blockchain-based Currency transaction in percentages.