Insane valuation of Binans … over $ 300 billion!

binance

Binance is the largest cryptocurrency company in the world. This was confirmed in A recent Wall Street Journal reportAnalysts say the CZ-led exchange could be valued at up to $ 300 billion, the equivalent of companies like Adobe, Disney and Netflix.

Accounts facilitate more transactions than rival exchanges

According to the WSJ report, the company’s estimated valuation is based on the fees generated by the exchange. For your information, available data show that Exchange handles over $ 30 billion in daily spot transactions and processes approximately $ 80 billion in derivative transactions per day.


Also read: Complete Finance Review: The Largest & Best Cryptocurrency Exchange in the World?


To better understand, the cryptocurrency exchange has transacted about $ 32 billion in the last 24 hours. The other top 5 exchanges can only process less than half of its daily trading volume.

As Julian Klimochko, CEO of Accelerate FT, tweeted: ” Insiders believe the business could be worth up to $ 300 billion if it goes public . ⁇ Binance processes more cryptocurrencies ($ 76 billion) than any of its four major rivals combined.

Financial regulatory issues

For such a large company, one of its main problems is how regulators around the world conduct its business.

Although the Stock Exchange currently employs about 3,000 people worldwide, the lack of a physical head office remains a problem since economic restrictions in countries such as Nigeria, China, the Netherlands, the UK, Singapore and South Africa. Advised their citizens against using the stock exchange.

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Recently, however, Binance has sought to develop a better relationship with regulators through a number of initiatives, one of which is the recent registration of Northern Ireland or its merger with France.

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