{"id":32874,"date":"2020-12-05T11:15:51","date_gmt":"2020-12-05T09:15:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32874"},"modified":"2025-08-28T10:54:09","modified_gmt":"2025-08-28T07:54:09","slug":"binance-expects-to-finish-2020-with-a-profit-of-1-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-expects-to-finish-2020-with-a-profit-of-1-billion\/","title":{"rendered":"Binance expects to finish 2020 with a profit of $1 billion"},"content":{"rendered":"

For 2020, the cryptocurrency exchange Binance is expected to post a profit of between $800 million and $1 billion, Binance CEO Changpeng Zhao told Bloomberg<\/a>.<\/p>\n

<\/p>\n

According to the publication, last year this figure stood at $570 million.<\/p>\n

Spot trading volume on Binance over the last 24 hours surpassed $5.7 billion, well above the metrics of its closest rivals Coinbase Pro, Kraken and Bitfinex.<\/p>\n

\\\"Binance<\/p>\n

Data: CoinGecko<\/a>.<\/p>\n<\/div>\n

Binance also leads the futures market \u2014 over the last 24 hours, derivatives trading volume exceeded $13 billion, and open interest surpassed $2.1 billion.<\/p>\n

\\\"Binance<\/p>\n

Data: CoinGecko<\/a>.<\/p>\n<\/div>\n

According to Bloomberg, Binance’s future success depends on how the exchange can establish a dialogue with regulators.<\/p>\n

\n

“We have always worked closely with regulators and law enforcement authorities around the world,” Zhao said.<\/p>\n<\/blockquote>\n

Earlier this year, the head of Binance was named among the 50 people, significantly changed the world in 2020<\/a>.<\/p>\n

Follow ForkLog’s news on Telegram: ForkLog FEED<\/a> \u2014 the full feed, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

For 2020, Binance is expected to post a profit of between $800 million and $1 billion, Binance CEO Changpeng Zhao told Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":32875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935],"class_list":["post-32874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32874"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32874\/revisions"}],"predecessor-version":[{"id":32876,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32874\/revisions\/32876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32875"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}