Interesting news. Binance, a cryptocurrency startup makes 200 million profit in Q1 beating Germany biggest bank profit by 54 millions.
https://www.ccn.com/binance-surpassed-germanys-biggest-bank-deutsche-in-profitability/
I read this and thought it was fake news, but apparently not. Staggering when you think about how young of a company Binance. Still, DB has 7B euros in revenue for the quarter. That’s pretty insane as well.
It is an interesting information but one still needs to know the definite way of keying into the market.
I am not surprised, given cryptocurrencies immense popularity that seems to only ever be increasing.
Binance has had a lot of problems lately, even got banned by the FCA, but they seem determined to stay in the UK - the company’s chief executive officer told the Sunday Telegraph newspaper that the crypto exchange wants to remain in Britain and plans to file for a license by the local regulator.
Let’s see whether that will work out at all. 