Name Price24H (%)
Bitcoin (BTC)
$42,552.00
0.76%
Ethereum (ETH)
$2,895.30
-0.06%
XRP (XRP)
$0.93
-0.17%
Litecoin (LTC)
$148.76
-1.90%
Binance Expects to Earn From $800M to $1B This Year, CEO Say...
Exchange

Binance Expects to Earn From $800M to $1B This Year, CEO Says: Report

Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year, as market uncertainty drives interest – and trading – in cryptos, CEO Changpeng Zhao told Bloomberg.  That’s up from about $570 million in 2019, according to the report.

So far this year, the price of bitcoin (BTC, +0.19%), by far the largest cryptocurrency by market cap, has risen over 170% since the year started, and earlier this week set a new all-time high before giving back some gains. Exchange volumes have exploded as well.

Launched in 2017, Binance is one of the world’s largest crypto exchanges by trading volume.

<Source: Coindesk>

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