[ad_1]
Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year, as market uncertainty drives interest – and trading – in cryptos, according to CEO Changpeng Zhao, Bloomberg reported.
That’s up from about $570 million in 2019, according to the report.
So far this year, the price of bitcoin (BTC), 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.
[ad_2]
Source link
