Binance profit to reach 1 Billion USD in Year 2018, already surpassed Deutsche bank

in bitcoin •  6 years ago 

binance.jpg

World's largest cryptocurrency exchange, Binance is expecting a profit to reach 1 Billion USD in Year 2018, CEO Changpeng Zhao told to Bloomberg.

Earlier this year, Binance has already reached to profit of $7,500,000 USD in Q1 and $200,000,000 USD in Q2. It is surprising that Binance surpassed Germany’s largest and one of Europe’s biggest banks in terms of profitability, Deutsche bank. This bank has established 148 years ago and currently having more than 1000 employees whereas Binance has just 200 employees and not completed even a year.

Binance's total traded volume is 1.2 Bln USD in last 24 hours. There are around 10 Million registered users on Binance.

Even the Bitcoin price ranging between 5-7K in last few weeks but they are expecting to 1 Bln USD profits by the end of 2018. Their biggest competitors are Huobi, Bitfinex and Coinbase which is planning to expand its operations in Japan very soon.

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6 years ago by

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      ·  6 years ago 

    woooow....
    Nice!

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        ·  6 years ago 

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          ·  6 years ago 

        Hello. Great post! I just upvoted you and follow you! Can we be friends?

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            ·  6 years ago 

          Yes, for sure!.

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              ·  6 years ago 

            Hey @successperks, thanks for this informative article. It's crazy that binance had an ICO of a modest $15 million and now is on its way to over a $1 BILLION in profit. Have upvoted and commented.

            Please kindly leave a comment on my latest post and we can help each other out. Have a great day!
            https://steemit.com/cryptocurrency/@salmanmiah/sparkster-s-answer-to-decentralized-application-development

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                ·  6 years ago 

              Thanks.! @salmanmiah I Will read, Upvote and comment for sure. Hope we will continue together now!

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                  ·  6 years ago 

                Hi. I like your contents! I just upvoted some of you great articles and followed you

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                    ·  6 years ago 

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