Why is the spread on crypto.com so huge?

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Why is the spread on crypto.com so huge?

I sold some crypto to buy back later if it goes down. It’s down but the spread is .33. Meaning the price was $4.28 but to convert usdc to it was 4.51. Can make any money swing trading with those margins.

It seems like it used to be .03-.05 difference plus their fee. I get that but .33 really???

Plus when I sold it there was about a .12 difference from price and sell price.

I get these exchanges are hurting- but is gouging us the best practice?

Is there a cheaper way I am missing?

Please don’t DM me. I won’t be accepting any.

submitted by /u/mules1990
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