Bitcoin, Crypto currency, Blockchain

Binance – earnings expectations are close to 1 billion US dollars

d6c95a7efc4006ccf892d887f850e1fb - Binance – earnings expectations are close to 1 billion US dollars

From a Bloomberg Interview with Changpeng Zhao, the CEO of Binance, the world’s largest exchange for trading crypto-currencies, stating that the expected profit of Binance this year could rise to between 500 million to a billion dollars.

Changpeng Zhao, CEO of Binance
Source: Trust Nodes

 Binances‘ Scalability

Binance has increased from 2 million users at the beginning of the year in 2018 to around 10 million users and an estimated average daily turnover is around 1.5 billion US dollars.

During the high phase of the crypto-currencies last February have been settled on the side of Binance every day Trades in the amount of approximately $ 11 billion. The stock market since then has been at the top of the ranking of the stock exchanges of coinmarketcap.com.

 Expansion to Malta

Binance has recently made a long list of announcements for the Expansion and the beginning of March due to the regulatory pressure on the Asian governments offices in Malta opened. The Maltese government has also released their statements in support of Binance, as in this Twitter Post by the Prime Minister of Malta, Joseph Muscat, a few months ago, in April of this year, was highlighted.

Impressive Performance of the BNB

In addition, Binances’ own crypto-currency (BNB) has in the last few months, in the midst of a relatively “bearish” crypto-currency market, also achieved an impressive Performance.

With a market capitalization of about $ 1.5 billion, it now stands at 17. The largest crypto-spot currencies and recorded in the last 24 hours, an increase of 3% 14,29 US dollars at the time of writing of this article.

Quellee: Coinmarketcap.com

The future of Binance

In the midst of the recent Binance Syscoin (SYS) Hacking-speculation, which led to the theft of (according to rumors) to 7,000 BTC, the question is, where the future of Binance is going on now. Just from the point of view of the General rebellion against centralized crypto stock exchanges, which is created by the fact that Ethereum founder Vitalik Buterin criticized this publicly, it remains only to be seen whether and how it Binance create is to develop a battle plan with which you can tackle these problems so as to be available in the future at the top of the crypto exchanges.

Binance was deep into the criticism, because they had allowed accused to be a Pump and Dump of Bytecoin.

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