Binance CEO: Expecting Profits Worth $1 Billion In 2018
The CEO of Binance, Changpeng Zhao, said in an interview with Bloomberg, that Binance is expecting profits worth $1 billion in 2018. Binance, in just the first year of joining the market, has become a massive success story in the crypto industry with over 10 million users.
Zhao started the venue in July of 2017 with 2 million users. Binance raised $15 million in the initial coin offering [ICO]. By the end of 2017, the exchange was hosting as much as $11 billion of trades per day.