Binance might need 6 months of trading fees to cover this hack, even if all ~$3B frozen is recovered. That still leaves ~$3.3B. Binance doesn't publish full financial reports, so…
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Binance might need 6 months of trading fees to cover this hack, even if all ~$3B frozen is recovered. That still leaves ~$3.3B. Binance doesn't publish full financial reports, so this is speculative…
Binance might need 6 months of trading fees to cover this hack, even if all ~$3B frozen is recovered. That still leaves ~$3.3B. Binance doesn't publish full financial reports, so this is speculative! So I used ChatGPT Astra 6 to calculate it from trading volumes, fee schedules and other public data. Based on September volumes: - Spot: ~$155M/month - Derivatives: ~$363M/month - Combined: ~$518M/month Plus staking, USDC payments from Circle, lending, Convert etc. Would love to see their actual numbers. Especially how much of those fees they keep after all the VIP discounts, rebates and referral payments. And they need to pay salaries, compliance, taxes etc., so earning it back through profits would take longer. *I assume listing is free, as Binance says ;)
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