Zhao Changpeng: Binance achieved approximately $1 billion in profit in its first year of establishment

ChainCatcher news, in an exclusive interview with Anthony Pompliano, Zhao Changpeng, the founder of Binance, revealed that Binance achieved approximately $1 billion in profit in its first year, potentially becoming the first company to reach $1 billion in profit from the startup phase.

Zhao stated that this profit was mainly realized in the first 3 to 8 months after the company's launch, particularly during the 3rd to 7th months, when Binance's trading volume peaked. He added that while some companies reached a $1 billion valuation faster, from a profitability perspective, Binance might be the fastest startup to achieve this goal.