The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. The CFO, Wei Zhou, made his remarks in an interview with CNBC on Feb. 14.
With Bitcoin (BTC) trailing below $4,000 for the past ten weeks — and trading around 82 percent lower than its all time price high of $20,000 to press time — Zhou implied that the exchange’s profitability is not wholly dependent on the wider market picture. "To date, even in this bear market, we still run a profitable business," he said.