RATE Group | Market Still in Good Position; Real Crypto Volume 2x Larger
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Market Still in Good Position; Real Crypto Volume 2x Larger

11 Nov Market Still in Good Position; Real Crypto Volume 2x Larger

Posted at 23:23h in Cryptocurrency News by

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binance cryptocurrency exchange



In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement.

Binance Maintaining Healthy Business

Over the past 11 months, the cryptocurrency market has lost more than 70 percent of its valuation amidst the fourth biggest correction in its 10-year history.

CZ stated that the volume of Binance is down nearly 90 percent since January due to the correction and partially because of the high level of stability Bitcoin (BTC) has demonstrated over the past three months.

“Compared to January [of 2018], we are probably down 90 percent. So we only have one-tenth of the trading volume compared to what we had in January. But, compared to like a year or two years ago, we’re still trading at huge volumes. Business is still okay, we are still profitable, and we are still a very healthy business,” CZ…

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