February 25, 2019, 10:47AM EST
• 2 min read

Token burns provide insights into exchange profitability; down nearly 70% from Q2

Quick Take

  • Some exchanges have their own token they periodically burn based on profit each quarter
  • The profit of exchanges which burn their tokens (Binance, KuCoin, Bibox) can be deduced easily
  • Binance generated approximately $446 million in net profits in 2018, KuCoin $22.6 million and Bibox $15.3 million
  • The evaluated exchanges’ profits are down 68 percent when comparing Q2 to Q4 of 2018

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