Bitfinex 2018 Net Profit to Reach $404M

It should be noted exchange's staff is less than 100 people
07 May 2019   239

Already known to the community shareholder of Bitfinex Zhao Dong again shared exclusive information about the exchange. Thus, according to him, the net profit of the trading floor in 2018 was $ 404 million, and shareholders received dividends totaling $ 261 million, reports 8btc with reference to correspondence in the Chinese messenger WeChat.

Bitfinex' 2018\2019 Profit
Bitfinex' 2018\2019 Profit 

Note that the staff of the exchange doesn't exceed 90 people. This fact was very impressed by the head of the Huobi exchange Leon Li.

(less than) 100 employees earn $326 million! Can’t calm down (from these outsatanding figures), I’ve found a new goal.

Leon Li

Head, Huobi

Bitfinex net profit in 2017 amounted to $ 326 million; shareholders then received payments totaling $ 246 million.

At the moment, according to Zhao Dong, Bitfinex is already conducting a closed stage of IEO of LEO tokens, during which it intends to raise $ 1 billion in USDT to solve all the problems associated with freezing the company's funds worth $ 850 million in accounts of Panamanian Crypto Capital, located in four countries.

As reported, Dong himself, through the RenRenBit landing platform, is already accepting applications for participation from retail investors.

It is noteworthy that, according to estimates by the Prosecutor General’s Office in New York, Bitfinex has already taken a loan of $ 750 million from the reserves of Tether Limited.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   321

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.