CZ: Binance made a profit of $1 billion in its first year, which may be the fastest profitable startup in history

In an interview with crypto entrepreneur Anthony Pompliano, Binance founder CZ recently revealed that Binance achieved a profit of about $1 billion in its first year, which may become the first startup in the world's history to achieve this level of profitability in the early stages.

CZ said that this profit achievement was mainly concentrated in the first 3 to 8 months after Binance was established, especially in the 3rd to 7th month, which was also the stage when the platform's trading volume soared rapidly. He pointed out that these profits did not come from valuation growth or financing, but from real business income, showing Binance's strong profitability during the period of strong market demand.

"Although many companies have reached a valuation of $1 billion in a faster time, in terms of profitability, Binance may be the first company in history to achieve this level of profit in the startup stage." CZ said.

Since its establishment in 2017, Binance has quickly become one of the world's largest crypto asset exchanges. Its rapid expansion and high-frequency trading market strategy have enabled it to achieve significant commercial success in a very short period of time. CZ's remarks not only reviewed Binance's rapid start, but also once again highlighted the commercial potential of the crypto industry in its early explosive period.