Disclosure: I own some Binance and I am buying more when I can.
Binance in a startup company, started less than 1 year ago.
Last quarter they had a profit of $200 million.
It's a real business. The $200 million is not a whitepaper projection of the future; it's what they have already earned.
Over the next few years some expect their business to increase 100 to 1,000 times.
They are the largest crypto currency exchange in the world. They went right past all established competitors in 1 year of operation. They serve the entire world with customer service currently in 10 languages.
It's estimated that 0.03% (ie 1/3 of 1 percent) of people on earth own cryptocurrency. Virtually anyone with a cellphone can use their service. The number of people owning crypto's is growing and expected to grow 100 to 1,000 times just in the next few years.
How many businesses that you know of are in industries that expect to grow 100 to 1,000 times in the next few years?
JMO, not financial advice
I think it's crazy, not to own some.
PS Oh, and did I mention their coin burn?
more on that later.