Even without a physical headquarters and with regulations that affect its business, Binance is said to be worth three times as much as Coinbase if it were listed on the stock exchange today.

Changpeng Zhao, CEO of Binance

follow Wall Street Journal, experts have estimated that as a publicly traded company, Binance could be worth up to $ 300 billion, given current trading volumes and fees.

Data from CoinMarketCap, which Binance itself acquired in 2020, shows the exchange has traded over $ 100 billion in the past 24 hours, making it the largest exchange in the world ahead of its competitors. Coinbase went public in April with a valuation of $ 100 billion.

If Binance is listed, it is still unclear in which country it will start. The exchange does not have an official headquarters, but its parent company is registered in the Cayman Islands, with its former headquarters in China, Japan, Malta and the Seychelles. CEO Changpeng Zhao (CZ), lives in Singapore, and many of Binance’s employees are believed to span the globe, especially in Shanghai, China.

In September, CZ reported that the US branch of the Binance US exchange is aiming for a listing in 2024, Binance US had profits of between $ 800 million and $ 1 billion in 2020 and estimated $ 10 billion in June.

Binance has been scrutinized by regulators around the world, with authorities in the United States, Italy, Canada, Japan, Thailand, Malaysia and other countries already warning local investors to exercise caution when using the exchange. Zhao said in July that he would like Binance to be licensed everywhere and coordinate with regulators as the company expands.

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Liu Bei

According to Cointelegraph

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