#BinanceTurns8 Binance is not exactly turning 8 years old, but rather, its CEO Changpeng Zhao (CZ) mentioned in an interview that Binance achieved $1 billion in profit within its first year, primarily within 3 to 8 months after launch. Here's what we know ¹:

- "Binance's Profitability": The startup is said to have made $1 billion in its first year thanks to high trading volumes between the third and seventh months. - *Strategic Leadership*: CZ's leadership played a significant role in Binance's rapid growth and profitability, setting a precedent for tech startups.

- *BNB's Performance*: Binance Coin (BNB) has seen significant growth, with a market cap of $93.22 billion and a daily trading volume of $1.45 billion.

Some recent news and updates from Binance include ² ³:

- *Regulatory Approvals*: Binance has obtained regulatory authorization in 21 jurisdictions and prevented $4.2 billion in potential user losses.

- *Security Measures*: The exchange uses AI-powered risk management to detect suspicious transactions and protect users.

- *New Features*: Binance has introduced features like live trading, institutional loans, and a crypto inheritance tool.

- *Partnerships*: Binance has partnered with Worldpay and (link inaccessible) Keep in mind that the information available doesn't directly relate to an 8-year anniversary celebration of Binance but highlights the company's achievements and growth.