CZ: Binance achieved a profit of about $1 billion in its first year

CoinRank News: In an exclusive interview with Binance founder CZ by Anthony Pompliano, CZ revealed that Binance achieved a profit of about $1 billion in its first year, possibly becoming the first company to achieve $1 billion in profit from its start-up phase. CZ said that these profits were mainly realized within the first 3 to 8 months after the company went online, especially during the 3rd to 7th month, when Binances trading volume reached its peak. He added that while some companies have reached a valuation of $1 billion faster, Binance may be the fastest startup to achieve this goal from a profitability perspective.