CZ says Binance made 1 billion dollars in its first year

Former CEO and co-founder of Binance Changpeng “CZ” Zhao stated that this trading platform achieved profits of over 1 billion dollars in its first year of operation. CZ made this statement in a recent podcast conversation with Anthony Pompliano.

The former Binance executive claimed that the timing of the exchange's launch played a crucial role in the platform's significant profits. By 2017, the cryptocurrency industry was on the verge of exploding. Therefore, the launch of Binance met a very high demand.