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23.11 - 19:47
Former Binance execs say exchange is worth $300B: Report
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Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today.
According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to $300 billion as a publicly traded company, considering its current trading volume and transaction fees. Data from CoinMarketCap shows Binance with a trading volume of more than $46 billion in the last 24 hours, making it the top-ranked exchange ahead of Coinbase at roughly $9.5 billion. The estimated valuation would also likely put it ahead of its U.S. competitor, which went into its initial
Read more on cointelegraph.comAbout this in other media
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Binance reportedly wants global wealth funds to get a stake in exchange cointelegraph.com /2 years ago
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