Binance continues to be one of the most profitable crypto exchanges
The CEO of the company said that despite their transactions have fallen by 90% the company continues to work very well, showing good results
Although the volume of transactions of Binance has fallen by 90%, the CEO of the company Changpeng ‘CZ’ Zhao said that his company is still very profitable.
“We only have a tenth of the volume of operations that we had in January. But compared to one or two years ago, we are still operating at large volumes. We are still profitable,” said the CEO.
Despite this good omen, ‘CZ’ Zhao indicated that the market is going through a process of “slowdown” and that a user registry is not being appreciated at “very crazy” levels from January to date.
“In theory, when the volume of transactions decreases, people trade less, so they should withdraw the coins in their own wallets, but we are seeing the opposite, at least for us. The amount of cryptocurrencies we have is constantly increasing,” he explained.
The CEO of Binance also made his predictions regarding the future, assuring that given the entry of institutional agents in the market, this could give another throwback to the cryptocurrencies
“We are seeing more regulated stablecoins, now we are seeing much healthier projects, I do not really know what the catalyst will be, but it will happen sooner or later, something will activate it,” stressed CZ Zhao.
K. Tovar
Source: Coincrispy
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