In two years Binance makes $1 billion profit as Digital Exchanges mature

Source: Binance

Traditional exchanges around the world will be looking at Binance’s latest quarterly results with envy, as in the last two years it has made over $1billion of profit. CEO of Binance, Changpeng Zhao, sometimes called CZ (Chinese-born, now living in Vancouver) established Binance only in 2017. Binance raised $15 million via an Initial Coin Offering (ICO) and CZ is reported to be worth $1.2 billion. Binance, based in Hong Kong, is different from its competitors which, apart from Huobi…