According to [an interview aired by Bloomberg](https://www.bloomberg.com/news/articles/2018-07-06/world-s-largest-crypto-exchange-eyes-1-billion-profit-amid-rout?srnd=cryptocurriences) today, Binance, the number one crypto exchange is expecting profits up to $1 billion this year. Please read again: $1 billion. In profits. If you take into account that Tesla is not yet profitable and that Apple's 2017 net turnover is $45 billion (whereas Binance moves more than $1 billion daily) these numbers are absolutely mind boggling. It's not yet clear if the profits will come solely by margin trading, or if the Binance token - which is basically "money out of thin air" - will play a relevant role in these numbers. What's clear, though, is that Binance's expansion to other markets, like Uganda, and the recent relocation to Malta, which [just regulated crypto currencies](https://steemit.com/news/@dragosroua/malta-just-regulated-crypto-by-passing-three-major-laws-about-dlt-distributed-ledger-technology), are definitely helping big time. It's interesting to watch now what other players, like Coinbase or Huobi Pro, are going to do about this. *** _I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._ ![Dragos Roua](http://dragosroua.com/wp-content/uploads/2014/05/bamf-e1448824881306.png)

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