One of the largest exchanges of the world in terms of trading volume, the cryptocurrency exchange Binance is not afraid of cryptocurrency market drop and is planning to get from $500 million to $1 billion of pure income at a year end. According to Changpeng Zhao, CEO of Binance, the income of the exchange was about $300 million in the first six months of the current year. An average daily trading volume of the cryptocurrency platform which was launched just a year ago us about $1.5 billion, the number of clients exceeds 10 millions. The figures given by Zhao are illustrative of how some cryptocurrency exchanges flourish regardless to the market drop – Bitcoin lost about 52% of its all-time high cost this year. The Binance company which has already completed all the necessary negotiations with the governments of Japan and Honk-Kong is planning to introduce a service to convert virtual tokens to fiat in Uganda, Bermuda and Malta. |
