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I'm no accountant, but I trust Bloomberg knows about these things:

> Binance generated at least $20 billion of revenue last year, according to a Bloomberg analysis of its trading volume and fees.

https://www.bloomberg.com/news/features/2022-01-09/binance-c...

> Also if so much real money is generated then where are the billionaires

Same article:

> With $96 billion, Binance CEO Changpeng Zhao is closing in on tech titans including Facebook’s Mark Zuckerberg and Google’s Larry Page and Sergey Brin.




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