Crypto alternate Binance generates 90% of its income from transaction charges, CEO Changpeng Zhao mentioned in an interview with TechCrunch. Zhao added that Binance had eliminated all adverts from knowledge website CoinMarketCap, which it acquired in 2020, to make for a cleaner expertise. “We are able to flip that again on, that’ll give us $40 million a yr. However we don’t have to right this moment,” Zhao mentioned. It’s estimated that Binance had about $20 billion in income in 2021, in keeping with a Bloomberg evaluation.
