We're making an exchange where traders do not need to supply private identifiable information (PII). Because we do not take custody of trader funds, we are exempt from ML record keeping requirements (see FIN-2019-G001)
We will charge 0.1% for taker fees (market orders) and 0% for limit orders. Based on our research median crypto exchange makes roughly $8 mil USD annually. Breaking into upper quartile will mean 5 -10 times that.