It’s no secret why there are currently more than 7,000 exchanges in the world today, and growing.
Problem is, almost everyone of them just think about the money to be made, instead of providing a longer term solution sought by the users and traders.
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Binance to Record $1 Billion Profit in 2018, Surpassing Major Institutions
The cryptocurrency market has dropped by over 70% since the start of the year, but the world’s largest crypto exchange is still expected to rake in a hefty profit.
Changpeng Zhao: Binance Has Ten Million Users
The first half of 2018 hasn’t been kind to the cryptocurrency market, with the collective value of all cryptocurrencies seeing a 70% decline. Some have even gone on to say that investors are leaving the industry en-masse, but for Binance, that does not seem to be the case.
Changpeng Zhao, CEO of the world’s largest exchange, told Bloomberg that……
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