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).
Someone said it's unfair to compare Binance with Deutsche Bank (Exchange vs Bank) so I made this ???????????? Now it's apple to apple I suppose? @cz_binance @heyibinance pic.twitter.com/HxCBSKIAnx
— Dovey Wan (@DoveyWan) August 30, 2018
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.
Denys Serhiichuk
