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Binance Reports Higher Profits Than Germany’s Biggest Bank

The crypto world vs the world of finance

The world of cryptocurrencies and the regular world of finance are usually seen as two completely different fields, but one has actually proven itself more profitable than many probably thought.

In a recent report by Binance, it was revealed that the extremely popular cryptocurrency exchange made a profit of about $200 million in Q1 of 2018. In comparison, Deutsche Bank, the biggest bank in Germany, made a profit of about $146 in Q1 of 2018.

This really shows how big the cryptocurrency market already is, and how much potential it has further down the line. Another notable fact is that Deutsche Bank is an established bank with more than 145 years of operation compared to Binance’s almost 1 year of operation.

With all the constant updates and new features, Binance is adding to their exchange, it’s going to be exciting to see if they can generate an even bigger profit.

 

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