The Binance BNB Coin: Does Risk Now Outweigh Return?

Binance - High Liquidity Cryptocurrency Exchange.
Binance is an up and coming cryptocurrency exchange with a focus on crypto-to-crypto trading. The platform has started to gain popularity in the blockchain community thanks to its impressive coin offerings and insanely low trading fees
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The Binance BNB Coin: Does Risk Now Outweigh Return?

Post by howlermunkey » Fri Oct 05, 2018 3:53 pm

Binance is among the largest and most powerful cryptocurrency exchanges in the world and their coin has a market cap of over $1.5B USD. They have the most legitimate volume and many consider Binance to be the most reputable crypto-crypto exchange.

Binance transacts over $1B a day and is able to process over 1.5 million orders per second. The exchange profited over $200M in just its second quarter of operations, and expects to exceed $1B in profit in 2018. In the second quarter of 2018 it was announced that Binance has more users than the population of Hong Kong, and that the company was more profitable in Q2 than Deutsche Bank – which is one of Europe’s largest banks, established over 148 years ago.

Binance didn’t even exist 14 months ago, and in that time span the company has moved its headquarters from Shangai, to Taiwan, and now to Malta, seeking favourable regulations to support their growth in uncertain regulatory climate of the cryptocurrency industry. The company has also scaled to a team of 260 employees.

The company’s native coin, Binance Coin (BNB), has also been one of the best performing coins since its inception in July 2017. ... gh-return/

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