The net profit of the Binance cryptocurrency exchange in the third quarter of 2019 was almost twice as high similar indicators of the Moscow Exchange.
Being an exchange is profitable
The situation in the global economy and geopoliticsbegan to improve, and investors again pulled into the markets of risky assets, providing not only an increase in volatility in the financial markets, but also an increase in the income of trading floors. According to the latest financial statements of Moscow Exchange (MOEX), the exchange's revenue in the third quarter of 2019 increased by 6.8% to 5.45 billion rubles (about $ 87 million). Moreover, the site recorded a record high growth in revenue for almost all items of income, including commission, interest and settlement and depositary services.
In the third quarter of Mosbirz helped a successfulcombination of external and internal circumstances. In particular, the improvement in the general market conditions attracted new investors to the exchange, including those from the retail segment, and the growth of volatility contributed to an increase in trading volumes and customer activity in general. In addition, in the reporting period, the company expanded its product line and added new services, which also contributed to a significant increase in trading volume and, as a result, an increase in the company's revenue.
Continuation on the site: https://beincrypto.ru