Business News

Binance saw its annual revenue multiplied by ten in 2 years

Despite a market that has been rough on exchanges since November 2021, Binance, led by famous CEO Changpeng Zhao, recorded impressive growth in both its annual revenues and market share. According to analytics company CryptoQuant, Binance was able to grow its annual revenue by 10x in 2 years. Around $12 billion left the exchange in the last two months of 2022 after the collapse of FTX and the following FUD around Binance. Despite that, its market share also rose from 37% in 2020 to 57% in 2022, according to a report from Kaiko.

Stay ahead of the game with our Crypto News.
Boost your knowledge about Crypto with our Crypto Encyclopedia.


Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
Back to top button