Binance Expects to Earn From $800M to $1B This Year, CEO Says: Report
Cryptocurrency exchange Binance will likely earn between $800 million and $1 billion this year. That's up from about $570 million in 2019.
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The online payment space is evolving at an accelerated pace, and the competition among payment processors is heating up. While there is a lot of focus on conquering the mobile payment ecosystem, most of the money is still changing hands through websites and online platforms. Paypal-owned Braintree, which also allows for Bitcoin payments, expects to process $50 billion USD worth of transactions this year. Most companies and businesses that accept online payments have no idea what payment processor they are effectively using. Chicago-based Braintree is becoming one of the more popular....
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service tax (DST) came into force on Jan. 2 amid concerns over implementation. The tax is charged at the rate of 1.5% on gross transaction value with every crypto sale. Both local and foreign digital asset exchanges operating in the country will also pay the tax to the Kenyan government. Foreign exchanges....
Ethereum has dropped around 30% from its recent year-to-date highs after the U.S. dollar underwent a bounce. The leading cryptocurrency currently trades for $370, $120 shy of the $490 highs, but fell as low as $315. Ethereum remains in a positive state on a macro time frame, analysts say. One trader, a leading trader on Binance’s futures platform, expects the cryptocurrency to soon enter a parabolic uptrend. His assertion has been echoed by another top […]
September has been one of the busiest months at Binance this year.
Last month the world’s largest crypto exchange by trading volume kicked off the inaugural Binance Blockchain Week Paris, a three-day event exploring the best of Web3. They also expanded their ever-growing suite of products, including introducing a more user-friendly way to earn crypto passive income.
Concurrently, the team has continued to push product innovation — which is something that Binance views as a crucial driving force for industry growth. The team’s values have remained....
Here we go, EARNers! The arrival of Earn Guild on Binance Smart Chain (BSC), as anticipated, finally kicked off! And now the native EARN token is listed on PancakeSwap, arguably the largest DEX on BSC. Therefore, you can easily buy and trade with minimal fees and convenience. EARN Token is backed by renowned partners and […]