Binance, even though it has no headquarters or regulations that could affect its business practices and seems to have few regulations surrounding them, would be three times more valuable than Coinbase (NASDAQ) if it went public.

A Thursday report by the Wall Street Journal claims that former executives at the largest cryptocurrency exchange have left the company. EstimateBinance’s current trading volume, transaction fees and potential market capitalization could make it a valued company worth $300 billion. Information from CoinMarketCap ShowsBinance has the highest trading volume at $9.5billion, with more than $46billion in 24 hours. This valuation will likely also put Binance ahead of Coinbase, which is based in the United States. It went public in its first public offering on AprilWith an estimated value of $100 billion