In the year 2018 this year Germany's largest bank and Deutsche Bank, the leading European bank, had a profit of $ 146 million. But on the other hand, the world's largest crypto exchange Binance has recorded $ 200 million profit!
Changpeng Zhao, the CEO at Binance, who is better known to the cryptocurrency space as CZ, wrote on March 3:
“Binance is the world’s largest cryptocurrency exchange. In the first 3 months from inception, profits amounted to $7,500,000 USD. In the 2nd quarter, profits amounted to $200,000,000 USD. The 3rd quarter is still in progress, and is expected to have further growth. Any country that can attract Binance to open a branch in their location will receive a handsome tax income revenue.”
