Former Binance execs say exchange is worth $300B: Report
Though the exchange’s holding company is registered in the Cayman Islands, Binance currently has no formal headquarters anywhere in the world. Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today.According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to $300 billion as a publicly traded company, considering its current trading volume and transaction....
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A report says that despite a company ban and economic penalties on Iran, the largest cryptocurrency exchange Binance continued to serve Iranian customers. Binance Under Fire In spite of Iran being added to Binance’s blacklist of countries it would not do business with, local traders reportedly continued to do so, according to a Reuters report. […]