Binance’s revenue grew 10x over two years: report | Invezz

Binance’s revenue grew 10x over two years: report | Invezz

Binance is a global crypto giant, with this outlook reflected in the cryptocurrency exchange’s annual revenue. OKX also saw a 4x organic growth in its revenue over the same period, while Huobi recorded a 98% drop in revenue in 2022 as the bear market decimated multiple crypto-focused businesses. Per data shared on Tuesday by on-chain … Read more

Alameda ‘secretly’ traded billions of FTX customer funds: Report | Invezz

Alameda ‘secretly’ traded billions of FTX customer funds: Report | Invezz

Alameda Research, an FTX-affiliated quantitative crypto trading platform co-founded by Sam Bankman-Fried in 2017, allegedly used funds belonging to FTX users to trade, sources say. The crypto news is the latest installment in the shocking developments at FTX this past week. And as the fallout that followed revelations of FTX’s insolvency continues to unfold, CNBC … Read more