🚀Why Binance can burn 2M BNB in one quarter
Is it really that profitable?
First of all, how much will be burned in 2024Q1: 2M BNB, probably at most 1B US dollars.
The analogy to traditional market language is probably similar to canceling 1B value treasury shares, but there should be no repurchase of the same amount of shares.
🚀Simple estimate of Binance earnings:
1. Binance’s spot trading volume has been approximately eight times that of COINBASE in the past few months.
2. Then the contract is about 24 times the spot trading volume of COINBASE
3. The number of employees is about twice that of Binance
🚀COINBASE 2024Q1 Financial Report
Revenue 1.6B
Net profit after tax 1.1B
Binance fee income should be more than 10 times
Cost deductions subject to change
Should it be easy to exceed 1B net profit?
As long as everyone continues to trade on Binance and continue to liquidate their positions?
BNB shareholders continue to enjoy the actually quite crazy quarterly cancellation of the company’s treasury!
Recently I have more time to look at fundamentals
late…
BNB faith comes too late haha
Continue to study quantitative strategies
The quantitative strategy also helped me buy some BNB spot.
🚀Join Binance Faith Cult
Still remember to diversify risk control positions!
#5月非农数据即将公布 #MegadropLista #BNB突破660 #NOT涨势分析 $BNB $ETH $BTC
