Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

in6.7.jpg

This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million. Binance surpassed Germany’s largest and one of Europe’s biggest banks in profitability. Binance, a cryptocurrency startup that was non-existent merely 8 months ago beat out a leading bank that was established 148 years ago. A startup with 200 employees beat out a banking giant with 100,000 employees. For Malta, the relocation of Binance from Taiwan to the European country is a bigger move than Deutsche Bank permanently relocating its headquarters and operations from Germany to Malta. Given the exponential growth rate of Binance and the rapid movement of the cryptocurrency market. More Info

emailtwittersubscribe

8bits techie8