TechFlow news, on July 7, in an exclusive interview with Anthony Pompliano, Binance founder Zhao Changpeng (CZ) disclosed that Binance achieved approximately $1 billion in profit during its first year of operation, potentially becoming the first company to generate $1 billion in profit from startup inception.
CZ stated that these profits were primarily realized within the first 3 to 8 months after the company launched, especially between the third and seventh months, when Binance's trading volume reached its peak. He added that while some companies may have reached a $1 billion valuation faster, from a profitability standpoint, Binance might be the fastest startup to achieve this milestone.
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