- In 2018, despite the bear market, the exchange delivered $446 million in profits; less than the CEO’s projections
- Profits declined sharply in the second half of 2018 as a result of declining trading volume and larger investments in infrastructure
- Coinbase likely had smaller profits despite projecting $456 million in October
Binance CEO Changpeng ‘CZ’ Zhao told Bloomberg in early July that he expected the exchange’s net profit to be between $500 million and $1 billion in 2018. However, based on The Block’s calculations the firm was a bit shy of hitting the low-end of CZ’s prediction, bringing in a total of $446 million.
Enter The Block Genesis
Information your competitors wish they had.
The Block Genesis consists of our most in-depth, timely and impactful pieces, giving you an informational edge over the entire financial and technology industry. Genesis members get exclusive access to the stories that the mainstream media doesn’t understand and that remains undiscovered and buried amid the noise of social media. On a daily basis, The Block Genesis will feature the best research, investigative reporting, analysis, company digests, op-eds, and interviews. The Block Genesis is the first and last word on the world of digital assets, cryptocurrencies, and blockchain.
Below you’ll find a selection of articles exclusively for Genesis members.
- Research: MimbleWimble: History, Technology, and the Mining Industry
- Industry Overview: Block by Block – Crypto Lending
- Investigative Reporting: Blockchain Terminal
- Project Analysis: The growth of the Lightning Network
- Company Digests: The inside story of Coinbase internal power struggle
- Op-ed: Money 2.0 Stuff
- Token Analysis: So, is Binance Coin actually worth anything
- Profiles: Cathie Wood on The Block
Additionally, as a Genesis member, you’ll get exclusive access to:
- In-depth project, protocol, personal and company reports
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- No trolls and less noise than Crypto Twitter
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If you would like to learn more, please reach out to [email protected].