90% of Binance’s Revenue Comes From Transaction Fees: CEO Changpeng Zhao

The CEO of Binance, Changpeng Zhao, has revealed in an interview with TechCrunch that the crypto exchange generates 90% of its revenue from transaction fees.

Zhao added that Binance had removed all ads from data site CoinMarketCap, which it acquired in 2020, to make for a cleaner experience.

A Bloomberg analysis has it that Binance’s revenue is around $20 billion in 2021.

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