Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year, as market uncertainty drives interest – and trading – in cryptos, CEO Changpeng Zhao told Bloomberg
That’s up from about $570 million in 2019, according to the report.

So far this year, the price of bitcoin, by far the largest cryptocurrency by market cap, has risen over 170% since the year started, and earlier this week set a new all-time high before giving back some gains. Exchange volumes have exploded as well.

Launched in 2017, Binance is one of the world’s largest crypto exchanges by trading volume.

Originally published at CoinDesk

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