Binance achieved a net profit of approximately US $ 262 million in the first quarter of this year, a record high

The Binance Announcement stated that the 11th quarter of BNB destruction has been completed, with a cumulative destruction of 3,373,988 BNB (worth approximately USD 52,466,000). According to the announcement of Binance’s token destruction, Lianwen estimated that Binance’s profit in the first quarter of this year was approximately US $ 262 million. According to the previously released historical destruction data, the first quarter of this year was the quarter with the highest profit in the history of Binance. Previously, Binance obtained a profit of approximately US $ 200 million in the fourth quarter of 2017. Lianwen previously estimated that Binance will achieve a total net profit of about 577 million US dollars in 2019, including first-quarter net profit of 78 million US dollars, second-quarter net profit of 119 million US dollars, third-quarter net profit of 186 million US dollars, and fourth quarter Net profit was USD 194 million.