Binance Almost Matches NASDAQ Q1 Earnings While Surpassing Deutsche Bank: Report

  • Alex Dovbnya
    📰 News

    A recent study, which compares the Q1 earnings of Binance and NASDAQ, shows that the biggest cryptocurrency exchange in the world is only trailing by $9 mln

Binance Almost Matches NASDAQ Q1 Earnings While Surpassing Deutsche Bank: Report

A recent study, which compares the Q1 earnings of Binance and NASDAQ, shows that the biggest cryptocurrency exchange in the world is only trailing by $9 mln ($200 mln and $209 respectively).

A Twitter user who came up with this report also shows that it took NASDAQ four decades in order to reach this level of profitability, which just goes to show how fast the cryptocurrency market is growing– Binance only needed eight months to get there. It is also remarkable that Binance only has 200 employees in sharp contrast to Nasdaq’s 4,500.

Earlier, it was revealed that Binance had topped Deutsche Bank’s Q1 revenue.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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