The world’s largest cryptocurrency exchange expects to earn $ 1 billion in 2018

The world’s largest cryptocurrency exchange expects to earn $ 1 billion in 2018

CEO of the cryptocurrency exchange Binance said in an interview for Bloomberg that the profit of his company will reach $ 1 billion in 2018.

Commenting on the recent technical difficulties on the platform, Zhao Changping said that the profit of cryptocurrency exchanges do not depend on market prices of cryptocurrencies.

Despite the fact that bitcoin (BTC) last month is below $ 7,000, the income Binance for the first half amounted to about $ 300 million.

Binance regularly occupies a leading position on the daily amount of opaci associated with cryptocurrencies. In the last 24 hours amounted to $ 1.2 billion.

Recall that the company opened its platform in Uganda and Bermuda. The user base of the platform currently has about 10 million people.

Other major exchanges, including Huobi and Coinbase also open branches in new jurisdictions. Huobi launched in Australia on July 5 and is planning in the near future to begin operation in London. And Coinbase, meanwhile, is planning to expand into Japan.

News tags
Let's Disqus