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They made more profit than deutsche bank? Do you have a source?
by conanbatt 8y ago
They made more profit than deutsche bank? Do you have a source?
- hapnin 8y agoHere's one. https://keepingstock.net/binance-does-it-again-passes-deutsche-bank-quarterly-profits-continues-leading-with-token-based-1c9f0b31e6a5 https://keepingstock.net/binance-does-it-again-passes-deutsc...
- conanbatt 8y agoThe writing of that article gave me an mind-sore. Cannot respect that source whatsoever.
- eaenki 8y agoEspecially considering that approx. 90% of the volume of crypto exchanges -with the exception of U.S exchanges- (therefore Binance included) is what's commonly referred to as "wash trading". I'd estimate Binance's 1Y EBTDA to be $100M at best, but I suspect it's way lower.
- s73v3r_ 8y agoYou and I likely made more profit than Deutsche Bank. They haven't been profitable in 3 years. http://money.cnn.com/2018/02/02/investing/deutsche-bank-loss-us-tax/index.html http://money.cnn.com/2018/02/02/investing/deutsche-bank-loss...