Want to know where Binance gets its money? The burning question for many crypto enthusiasts is: "Here\'s where 90% of Binance\'s funds are coming from." And we\'ve got the answer. As one of the leading platforms driving this digital revolution, Binance, a global cryptocurrency exchange, has emerged as a dominant force in the industry. But how does it fuel its operations?
Cryptocurrency exchange Binance generates 90% of its revenue from transaction fees, CEO Changpeng "CZ" Zhao said in a recent TechCrunch interview. This massive income stream is generated from the sheer volume of trades taking place on the platform. Learn how Binance, the world\'s largest cryptocurrency exchange, generates its revenue and sustains its business model.
Beyond transaction fees, Binance diversifies its revenue streams. Another significant contributor is its lending platform. Binance is a cryptocurrency lending platform where users and institutions can borrow funds in exchange for cryptocurrency and receive interest on their deposits. The terms of Binance\'s lending program vary, but it represents a notable part of their income beyond trading.
Binance has emerged as one of the leading crypto exchanges globally, and understanding its revenue model is key to understanding its success. While 90% comes from transaction fees, exploring their staking rewards, ICO launchpad, and other services provides a complete picture of how Binance thrives in the competitive cryptocurrency landscape.