Crazy crypto valuations? Binance is reportedly worth $300 billion

Binance processes more crypto trades ($76 billion worth) than its four largest competitors put togetherhttps://t.co/BnnE8NWbaa@cz_binance

— Julian Klymochko (@JulianKlymochko) November 12, 2021

As tweeted by Julian Klymochko, the CEO of Accelerate FT, “company insiders think that if BINANCE were public, it could be worth up to $300 billion. Binance processes more crypto trades ($76 billion worth) than its four largest competitors put together”

Binance regulatory woes

For a firm this huge, one of its major albatrosses is the fact that regulators around the world have their eyes on how it does its businesses.

While the exchange currently has a staff strength of roughly 3000 people around the world, its lack of a physical headquarter has been haunting it as financial regulators in countries like Nigeria, , Netherlands, United Kingdom, Singapore, South Africa, etc have advised their citizens against using the exchange.

In recent times, Binance, however, has been trying to maintain better relationships with regulators through several initiatives with one of them being its recent registration in Northern Ireland.