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In spite of the fact that we have experienced a rather lethargic crypto market over the past 6 months, the CEO of Cryptocurrency exchange Binance expects 2018 to be a very profitable year. In a recent interview with Bloomberg, Changpeng Zhao expressed great expectations for the trading platform.
The optimism for the Binance exchange is reflected in the price of the Binance exchange coin (BNB). While the majority of coins have dropped over the past few months, (BNB) has remained steady with a price hovering around $14. Binance currently offers traders the option to pay exchange fees in (BNB) and provides a discount for using the Binance coin. Considering Binance is one of the most active exchanges in the world, the Binance coin will always enjoy a built in platform of steady users.
The CEO has projected profits of over 1 Billion dollars during the next year. The company also has plans to expand into additional markets over the next few years.