Anthony Pompliano goes gaga over Binance’s profits as CZ takes notice

The digital asset market’s forward march has resulted in a lot of users affirming their belief that the industry is here to stay for good. This excitement was reflected in Anthony Pompliano’s latest tweet, in which he said:

“Binance has made $1 billion in cumulative profit in less than 3 years since inception??Damn @cz_binance slow down and leave some of the profits for everyone else!!”

The figures were based on recent analysis, which put Binance front and center when it came to gross profits and successful trades. Changpeng Zhao, the Chief Executive Officer of Binance, took no time in replying to Pomp, tweeting that the company will be reinvesting a majority of the profits. crypto_revolutionary, popular Twitteratti, replied to CZ. Asking:

“Please feel free to reinvest some in me, then I’ll have a bit more to trade with on Binance, helping to secure the future of your business. No thanks needed.”

The user community was confident that the profits would only increase in the future as there were many people left to join the crypto world along with the added influx of capital. Binance has been enjoying a great 2019, with profits adding totally to a whopping $1 billion. While at the same time, the price of BNB has not reflected the increase in profits CZ even commented on the phenomenon saying:

“We believe BNB has grown beyond the point of depending on reducing supply (such as the BNB burn) to increase value. A far bigger portion of BNB value comes from its utility. We prioritize increasing the utility of BNB over short-term profits for Binance,” he said, later adding that “even with all the above progress and results, the BNB price declined from its [all time high] near the beginning of the quarter.”

The CEO added that the fall in prices could be associated with the FUD in the crypto community. At the same time, Zhao was confident that BNB had outshone the significant players, surpassing user expectations at the same time. He concluded:

“Markets often confuse people, even me sometimes. We still have very much strive to be the financial infrastructure provider for tomorrow, and work hard to bring the freedom of money to the masses.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.