Cryptocurrency exchange Binance is likely to make between $ 800 million and $ 1 billion this year as market uncertainty drives interest – and trading – in cryptocurrencies, CEO Changpeng Zhao told Bloomberg.
According to the report, it went from around $ 570 million in 2019.
So far this year, the price of bitcoin, by far the largest cryptocurrency by market capitalization, has risen more than 170% since the beginning of the year and set a new all-time high earlier this week before. return some earnings. Trading volumes also exploded.
Launched in 2017, Binance is one of the largest cryptocurrency exchanges in the world by trading volume.