💸 Binance brings in $78 million in Q1 2019 profits, up 66%
According to The Block's calculations, Binance's Q1 2019 brought in some $78 million in profit in compared to $47 million in Q4 2018, a hike of 66% quarter-to-quarter. The calculations were based on announced burnings of Binanace native token $BNB, with 830,000 BNB equivalent to 20% of net profits being torched. In seven quaters of existence, Binance has earned some $733 million in profit.
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