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CZ: Binance Achieved Approximately $1 Billion in Profit in its First Year
Summary: During an interview with Anthony Pompliano, CZ, the founder of Binance, revealed that the company achieved approximately $1 billion in profit in its first year, potentially 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 ...
During an interview with Anthony Pompliano, CZ, the founder of Binance, revealed that the company achieved approximately $1 billion in profit in its first year, potentially 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 online, 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 goal.
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Link: CZ: Binance Achieved Approximately $1 Billion in Profit in its First Year [Copy]
