CZ: Binance achieved approximately $1 billion in profit in its first year of operation

On July 7th, in an interview with Binance founder Changpeng Zhao (CZ) by Anthony Pompliano, CZ revealed that Binance achieved approximately $1 billion in profit in its first year of establishment, potentially becoming the first company to achieve $1 billion in profit from the startup stage. CZ stated that these profits were mainly realized in the first 3 to 8 months after the company went live, especially during the 3rd to 7th months, when Binance's trading volume reached its peak. He added that while some companies reached a $1 billion valuation faster, Binance may be the fastest startup to achieve this goal from a profitability perspective. [Deep Tide TechFlow]