In the first quarter of 2018, Binance received $200 million in profit, which is almost equal Nasdaq’s profit ($209 million).
At the same time, the number of Binance employees is only 4% of the staff in the stock exchange.
Such curious figures were brought to Twitter by Managing Director of Danhua Capital Dovey Wan.
— Dovey Wan (@DoveyWan) August 30, 2018
She also noted that Binance’s profit of $50 million exceeded the profit of Deutsche Bank. The number of employees of the largest bank in Germany is 100 thousand people, and it was founded in 1870.
Dovey Wan stressed that the company is 8 months old and employs 200 people to bypass the profits of financial market giants with thousands of employees and many years of experience.