BNB

CZ: Binance Gets 90% of Revenue from Transaction Fees

by BSCN

December 7, 2022

The CEO of the world's largest exchange shared his thoughts via video at a recent tech conference.

Binance CEO Speaks with TechCrunch

Binance CEO Changpeng Zhao spoke at the TechCrunch Sessions: Crypto 2022 in late November. Zhao appeared for a 30-minute talk, answering questions from TechCrunch’s Senior Reporter, Anita Ramaswamy.

CZ gave his insights into several topics, including Binance’s revenue, the recent FTX collapse, the role of Binance in the future, and how to build a better industry.

At minute 2:20, CZ confirmed to Ramaswamy that Binance relies on transaction fees for over 90% of its revenue, admitting that the percent fluctuates with the price of bitcoin.

Watch the full interview here:

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |