Binance.US has earned $410 million since launching in 2019
These figures are indicated in the financial statements of the exchange, published by the SEC
07.06.2023 - 14:00
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Crypto exchange Binance.US has raked in $410 million of revenue since it was launched, generating a gross profit of $225 million.
The exchange's financials were detailed in a filing by an SEC accountant based on information that the exchange provided the agency. The accounts are from the period of 2019 to April 2023 and refer to BAM Trading Services, the entity behind the exchange.
The accounts show the exchange made the majority of its revenue and gross profit in 2021, netting $265 million of revenue that year. This was followed by 2022, where it saw $95 million of revenue.
Binance.US's total revenue and gross profit per year. Image: SEC filing.
This material is taken from the website https://www.theblock.co.
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