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Binance far and away dominates non-United States volume of crypto trading. If you think that Coinbase, a publicly traded US company, has real volume and earns a
by monero-xmr 2y ago
Binance far and away dominates non-United States volume of crypto trading. If you think that Coinbase, a publicly traded US company, has real volume and earns a fee for that, then it's not hard to understand why Binance has real revenues and value.
- malux85 2y agoI don’t think anyone is disputing it’s volume and fees, I think what they are pointing out is that a nontrivial, maybe majority of that, is proceeds of crime, which makes the business somewhat less attractive.