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by conanbatt 2938 days ago
They made more profit than deutsche bank? Do you have a source?
2 comments

You and I likely made more profit than Deutsche Bank. They haven't been profitable in 3 years. http://money.cnn.com/2018/02/02/investing/deutsche-bank-loss...
The writing of that article gave me an mind-sore. Cannot respect that source whatsoever.
Especially considering that approx. 90% of the volume of crypto exchanges -with the exception of U.S exchanges- (therefore Binance included) is what's commonly referred to as "wash trading". I'd estimate Binance's 1Y EBTDA to be $100M at best, but I suspect it's way lower.