Binance<\/a> France started operating as a crypto exchange only after registering as a virtual asset service provider (VASP) with the AMF in May last year, followed by another two months of formalities to onboard the French users. However, the exchange had started incurring expenses as early as November 2021, which led to 14 months of expenses being recorded in the financial statements.\u00a0<\/p>\n\n\n\nIf not for the mismatch, Binance stated that its French unit would be profitable in 2022. The exchange clarified that the international platform was profitable and that the French unit would also turn profitable in 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"
The audited financial reports released by Binance France revealed a loss of \u20ac4 million in 2022. <\/p>\n","protected":false},"author":62,"featured_media":583214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108073,17,2,26],"tags":[1119,2014,7301,108897],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583212"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=583212"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583212\/revisions"}],"predecessor-version":[{"id":583215,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583212\/revisions\/583215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/583214"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=583212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=583212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=583212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}