How Has Binance Been More Successful Than Coinbase Within a Year?
Trading volume across the cryptocurrency market has remained on a downward path all this year. But that hasn’t affected the growth rate of Binance, currently the world’s leading cryptocurrency exchange by volume.
The Malta-based organization expects to earn circa $1 billion in profits despite the market slump in 2018. That is almost $650 million higher than the annual profit projections of Coinbase, around $456 million by the end of this year. While the market awaits a more precise picture as both the exchanges post their annual reports next year, the surplus profit gap between the projections of Binance and Coinbase has pushed the former towards the title of the most successful crypto exchange in 2018.
According to a crypto volume index available at Blockchain Transparency Institute (BTI), Binance leads the crypto exchange industry concerning 24-hour trade volume. As of November, the exchange has posted $1.02 billion worth of daily transactions on its platform….
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