Binance records extremely high profitCryptocurrency is at the top of attention at the moment the positive development of the Crypto market and its wide distribution. One Morning Star in Crypto market is the digital currency exchange platform – Binance.
The bearish trend in the first half of 2018 in crypto market seems to be no burden to Binance as this platform revealed its unbelievable high number of profit. According to Changpeng Zhao, CEO of Binance, this world’s largest crypto exchange expects to rake in between $500 million and $1 billion in net profit during 2018.
Its number of users has quadrupled just in 2018. The exchange opened up a new headquarters in Malta, bringing the number 2 million registered users at the start of 2018 to 10 million.
Binance’s first-half revenue was $300 million, an impressive number when compared to the number $200 million in Q4/2017. It is truly a successful year for Binance in 2018.
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