The Largest Cryptocurrency Exchange Binance, Expects 1 Billion USD Profit Until the End of 2018
CEO of the Binance Exchange, Zhao Changpeng, during an interview for the Bloomberg agency said that by the end of the year, their company expects to reach a profit of $1 billion. To date, crypto exchange is recovering from technical problems that contributed to the suspension of trading.
Despite the fact that in the first half of the year the fall of the cryptocurrency market was observed, according to Zhao Changpeng, they managed to earn 300 million dollars.
Today, the Binance Exchange takes the leading position in the world in terms of trading volume. The daily turnover of the company is 1.2 billion dollars.
Excellent performance has contributed to the expansion of the site to the markets of other countries. Thus, the company, which moved to Malta earlier this year, plans to open its offices in Uganda and Bermuda. The number of customers Binance, today exceeds the mark of 10 million users.
Other leading trading platforms are not lagging behind. So, in June, Huobi launched the work of Australia, and in the future, plans to open an office in London. In turn, the cryptocurrency exchange Coinbase looks towards Japan.