Binance.US raked in $410 million of revenue since inception, accounts show

Quick Take

  • An SEC accountant has detailed Binance.US’s financial accounts based on information the exchange provided.
  • These details show the exchange saw $410 million of revenue since it launched.

Crypto exchange Binance.US has raked in $410 million of revenue since it was launched, generating a gross profit of $225 million.

The exchange's financials were detailed in a filing by an SEC accountant based on information that the exchange provided the agency. The accounts are from the period of 2019 to April 2023 and refer to BAM Trading Services, the entity behind the exchange.

The accounts show the exchange made the majority of its revenue and gross profit in 2021, netting $265 million of revenue that year. This was followed by 2022, where it saw $95 million of revenue.

Binance.US's total revenue and gross profit per year. Image: SEC filing.

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