I think this an excellent news for the crypto market in general. 1 billion USD is a huge sum of money, especially if we think that it's only one company (Binance) that will provide it... and we can also think about how profitable Binance is!
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Binance is ridiculously Profitable infact all the Exchanges are Profitable. Their Profits can be Roughly Calculated if we see the 24 Hour Circulation of an Exchange.