Transaction Fees Represent Most of Binance’s Income
Reading Time: < 1 minute
Binance is the top crypto exchange in terms of trading volume and number of active users. According to Binance CEO Changpeng Zhao, up to 90% of its revenue comes from transaction fees.
He has said that Binance has almost completely abandoned the publication of advertising content on the CoinMarketCap website.
The platform acquired this service in 2020. Since then, the advertisement has been removed at the discretion of the management to make it easier for users to get the necessary information about the state of the market.
If Binance returns sponsorship materials to the site again, then it will be able to earn up to $40 million annually.
Follow and like us on
