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However, for the 2024 year, we repaid $554 million of notes, and since 2018 we have repaid or repurchased over $7 billion of notes with an interest rate savings of almost $400 million. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Obviously, this was stronger than our guidance of a dollar in accretion and reflects very favorably on the performance of the MSRs we acquired as well as limited exposure to contingent liabilities after extensive diligence. Now, let's turn to Slide 12. 1 servicer. Kyle Joseph -- Jefferies -- Analyst Hey, good morning.
Offsetting these improvements was higher interest-bearing liability cost, which increased 263 basis points to 4.04% and reduced net interest margin by 215 basis points. I'm just wondering with respect to that, is it -- I guess how does it -- is that at the point now where it affects volumes overall and feestructures and that margins overall?
Crypto trading has been a major revenue driver for the industry, and Coinbase is the leader in spot trading in the US But in 2018, derivatives trading became the majority of crypto trading volume. However, to be clear, we did not make any material changes to our feestructure in Q4. Q4 was $375 million, up 12%.
We have saved customers hundreds of millions of dollars by disrupting the traditional remittance industry with a digital-first approach, transparent feestructure, and customer-centric innovations. from India as a student in 2018. We are not merely strengthening our position, we are setting new industry standards.
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