The year 2020 is extremely successful for the most popular cryptocurrency exchange Binance in terms of its profits.
The daily, Bloomberg published information from the founder of Binance, who said that he expects profits of $ 800 million to $ 1 billion this year.
According to Changpeng Zhao, this is an increase of about $ 570 million compared to last year, which is almost double. All this can most likely be due to the continuing uncertainty in the traditional markets, which are still facing the COVID-19 pandemic and its impact.
Recall also the numbers that speak in favor of Binance. We have only recently published a graph showing the clear dominance of Binance in terms of web traffic for the month of October.
Binance maintained its first place with 31.46M visits, which is still a significant advantage over the second Coinbase, which recorded 22.86M visits.
Read also: Australia’s largest cryptocurrency exchange faces scandal after inadvertently disclosing sensitive user data
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