Binance expects to get profit this year up to $ 1 billion

Binance crypto-exchange has already registered about $ 300 million in revenue in the first half of 2018 and expects to accumulate net profit of $ 500 million to $ 1 billion for 2018.

Binance was founded in China, but was forced to move after toughening and banning crypto activity by authorities in the country. Crypto-exchange moved its headquarters to Japan, and earlier this year opened an office in Taiwan.

But after tightening by the regulator of Japan, when the exchange was issued a warned about the inadmissibility of working without a license, the trading platform decided to move to Malta. The average daily turnover of crypto-bills is about $ 1.5 billion.

moneyRecall that in early July, the Parliament of Malta approved three bills aimed at regulating crypto industry and blockchain. Thus, Malta became the first country to provide a reliable legal basis for the digital industry. Source:

View the full story

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x