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Binance's Irish Unit Reports Significant Net Loss Despite Gross Profit

The Irish arm of the cryptocurrency exchange Binance has reported a gross profit of €26 million but a substantial net loss of €99 million, primarily due to impairments.

5 Aug, 15:00 — 5 Aug, 15:00
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irish-independent22d ago

Irish arm of Binance posts €26m gross profit, but €99m net loss as impairments bite

Controversial cryptocurrency exchange has a number of units in Ireland

By John Mulligan

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