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Have you looked at Binance's very limited revenue disclosure in cryptoworld? It's extraordinary how quickly a basically unregulated crypto spot and futures exchange can scale to $1.5bn or so annual profit. Coinbase prospectus will be a fun one.
I'm super excited about Coinbase, haven't looked at Binance yet - do you have a link to that revenue disclosure by chance?
It's...not audited. They used to say 20% of profits go to burning their bnb token, now they don't since that would even more obviously constitute an unregistered security. Founded July 2017, in any case it's the most extraordinary exchange, or is Uniswap?https://www.binance.com/en/blog/421499824684901106/13th-BNB-Burn-%7C-Quarterly-Highlights-and-Insights-from-CZ …
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