In the first quarter of 2018, one of the leading financial institutions in the world and the biggest bank in Germany – Deutsche Bank, recorded $146 million as profit. Whereas, the biggest cryptocurrency exchange in the world – Binance recorded $200 million as profit.
Binance is a crypto startup that only begun operations less than 12 months ago making more profit that a financial institution that has been in existence for 148 years is amazing. It is even more incredible when you compare the number of employees at Binance (200) against that of the banking giant (100,000).
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