Flourish Crypto’s pricing was structured to be simple and transparent. There are two fees:
Execution fee: 0.25% per transaction
Clients pay 0.25% of the value of each trade to cover execution costs. This fee is calculated, displayed and automatically paid whenever a trade is placed.
Custody fee: 0.65% per year
Flourish Crypto charges an annual 0.65% custody fee on crypto assets. This fee is assessed on a quarterly basis and is calculated based on the daily average market value of cryptocurrency held in your Flourish Crypto account during the entire quarter, with each day’s value assessed at 12 AM UTC. This fee is not assessed on any US Dollar balances held in a Flourish Crypto account.
To give a simple example: if a client had a daily average cryptocurrency balance throughout the year of $10,000, they would pay an annual custody fee of $65, assessed in four quarterly increments of $16.25.
Custody fees are calculated each calendar quarter, and the fee will typically be deducted on the 7th calendar day following the conclusion of the quarter. You can learn more about how these custody fees are paid here.