The largest by trading volume bitcoin exchange Binance still remains profitable despite the market meltdown. According to CFO Binance Wei Zhou, the exchange does not disclose financial information to the public. Thus, media publications are based on the analysis of indirect data from open sources. For example, recently, The Block has estimated last year’s net profit of Binance ($446 million), basing on the number of burned BNB tokens. Last July, the head of the exchange Changpeng Zhao said in a conversation with Bloomberg that in 2018 the net profit of his company would be between $500 million and $1 billion. Wei Zhou took charge of Binance’s finances in September last year. When asked whether the exchange plans list any securities, he said that in the short term there were no such plans. |
