CZ: Binance Achieved Around $1 Billion in Profit in Its First Year

BlockBeats News, July 7th: In an interview with Binance founder CZ by Anthony Pompliano, CZ revealed that Binance achieved approximately $1 billion in profit in its first year, possibly becoming the first company to reach $1 billion in profit from the startup stage.

CZ stated that these profits were mainly generated within the first 3 to 8 months after the company went live, especially during the 3rd to 7th month when Binance's trading volume peaked. He added that although some companies have reached a $1 billion valuation faster, from a profitability perspective, Binance may be the fastest startup to achieve this milestone.