[27-04-2018] Binance is More Profitable than Deutsche Germany’s Biggest Bank

[bitzamp.com]

Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Surprisingly, Binance managed to overcome one of Europe’s largest financial institutions after just eight months of operation. By comparison, Deutsche has been in business for

Read More: https://news.bitzamp.com/binance-is-more-profitable-than-deutsche-germanys-biggest-bank/

[richardsNY]

That's not something to be proud of, especially because of the fact that Deutsche Bank has had to write off huge amounts off its balance, and the fact that they are struggling to keep up, which temporarily makes Binance earn more profit per comparison, but it's insignificant and non news. Last year Deutsche Bank noted a loss of €500 million, which in the same way, makes even Yobit a more profitable business than Deutsche Bank. Is that how we are now looking at everything? How about comparing Deutsche Bank's assets with the ones from Binance? Currently it's $1,7 trillion versus what, a few billion? Let's even say the crypto market cap as a whole. Just shows how news sites use everything to report about....