Binance is undoubtedly one of the largest crypto firms in the world. This was confirmed in a recent report by Wall Street Journal where insiders at the firm revealed that the CZ-led exchange could have a valuation of up to $300 billion placing it on par with popular companies like Adobe, Disney, and Netflix if it was a publicly listed company.

Binance facilitates more transactions than rival exchanges

According to the WSJ report, the estimated valuation of the company is based on the fees being generated by the exchange. For context, available data shows that the exchange processes more than $30 billion in daily spot trading and that it also processes close to $80 billion in daily derivatives trades.

To have a clearer understanding, the crypto exchange processed around $32 billion worth of transactions within the last 24 hours. Other exchanges in the top 5, cumulatively, were only able to process almost half of its daily transaction volume.

Company insiders think that if Binance were public, it could be worth up to $300 billion