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This article is wrong, Binance reached a billion dollar valuation in less than 6 months. And they’re profitable.
by tristanj 8y ago
This article is wrong, Binance reached a billion dollar valuation in less than 6 months. And they’re profitable.
- TylerE 8y agoICO scam with made up volume.. https://news.bitcoin.com/study-finds-3b-worth-of-faked-cryptocurrency-volumes-and-wash-trades/ https://news.bitcoin.com/study-finds-3b-worth-of-faked-crypt...
- tristanj 8y agoPlease do some research before you post. Where is your evidence that Binance is an "ICO Scam"? Binance is clearly past the ICO stage and has grown into an actual company. https://www.bloomberg.com/news/articles/2018-03-28/crypto-s-billionaire-trading-king-has-suddenly-run-into-problems https://www.bloomberg.com/news/articles/2018-03-28/crypto-s-... Binance is one of the most credible cryptocurrency exchanges out there. They are the #1 exchange by traded value. As I stated before, they are profitable, and based on the value of BNB they achieved a $1B valuation in less than 6 months. The article you posted doesn't disprove any of these points. The article barely addresses Binance in the first place. In fact, it actually supports them as Binance makes profit off wash trades. Furthermore, as others have pointed out, the article is fundamentally wrong as in fact other companies have reached a $1B faster than Bird has.