Binance Profits $200M in Q1, Beating Out German Deutsche Bank

[cryptobroseph]

Binance has reported a profit of $200M in Q1 of 2018. This is remarkable considering Germany's largest bank, Deutsche Bank, profited only $148M. This is clear evidence that cryptocurrency is evolving and growing. The rise of Binance has been swift and wildly succesful through the implementation of a great user interface and proficient security practices.

Original Source: https://cryptodisrupt.com/binance-is-now-more-profitable-than-deutsche-bank-what-does-this-mean-for-crypto/

What do you think this means for crypto? Let me know what you think in the comments below!

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[Ciucas]

They made a great profit, and their success can also be seen in the price of their coin( BNB) which is currently valued at almost 15$ per coin. When the exchange was launched, the price for 1 BNB was only 0.10 $, so this is a 150x increase in price since then in less than 1 year of existence.

[arjuna BTC]

a big sign if crypto is already accepted by a lot of people, especially bitcoin
just look at this community, its growing day by day,
so, there is no doubt in crypto anymore, Binance already proof it if crypto is more interesting 

[Yaunfitda]

Damn, that was a big profit considering its just Q1. This also means that it has started, crypto is really slowing attracting mainstream and wait till the price of crypto took off in the next couple of months. I even read news earlier that 10% of AMD profits has something to do with crypto as well (enthusiast bought their boards to mine coins).

One thing about Binance though is that they are really the market leader and will remain because of their top notch support. I'm pretty sure they can hit around the vicinity if $1B at the end of the year when crypto bloom again.

[HALLASTERA]

Damn, that was a big profit considering its just Q1. This also means that it has started, crypto is really slowing attracting mainstream and wait till the price of crypto took off in the next couple of months. I even read news earlier that 10% of AMD profits has something to do with crypto as well (enthusiast bought their boards to mine coins).

One thing about Binance though is that they are really the market leader and will remain because of their top notch support. I'm pretty sure they can hit around the vicinity if $1B at the end of the year when crypto bloom again.

If they're done relocation to country where is good rights position then they must start trade to real pairs USD\EUR.