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Former Binance executives say the exchange is worth $ 300 million: Cointelegraph reports

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Even though it has no physical headquarters and few regulations that affect its business practices, Binance could cost three times as much as Coinbase (NASDAQ 🙂 if it were to be marketed today.

According to a report in the Wall Street Journal on Thursday, the former chief executive of the cryptocurrency exchange estimated Binance could be valued at $ 300 billion publicly as a trading company, given its current trading volume and transaction fees. CoinMarketCap data shows Binance had a trading volume of more than $ 46 billion in the last 24 hours, and is the primary exchange ahead of Coinbase with approximately $ 9.5 billion. The projected rating would also likely put it ahead of the U.S. competitor the initial public offering began in April With a valuation of $ 100,000 billion.