Coin

<ul class="news-points"> 
 <li>Binance’s French Division recently published its audited financial reports for 2022. </li> 
 <li>The crypto exchange reported a loss of €4 million in 2022, along with holdings of customer assets worth €1 billion. </li> 
 <li>The loss was attributed to a mismatch in recording revenue and expenses last year.</li> 
</ul> 
Binance France, the French division of the <a href="https://coinedition.com/binance-exchange-review/" rel="noopener noreferrer nofollow">world’s largest crypto exchange</a>, recently published its audited financial reports for the year 2022. The financial report revealed a loss of €4 million last year. As per Binance, the loss arose from a mismatch in the recording of expenses and revenue in 2022. 
According to the <a href="https://www.binance.com/fr/blog/ecosystem/binance-france-publishes-2022-accounts--what-do-they-say-and-faq-7753651850896626460" target="_blank" rel="noopener noreferrer nofollow">report</a> published on Binance’s blog, the audit of the French crypto exchange’s first financial statements was carried out by RSM France, a Paris-based accounting, consulting, and audit firm. The financial statements covered a 14-month period from November 8, 2021, to December 31, 2022. 
The audited financial statements showed that Binance France recorded a loss of €4 million last year. As per Binance, the expenses were being counted since November 2021 but revenue was only recorded from July 2022 onwards. This gave the expenses an 8-month headstart… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/binance-france-publishes-first-audited-financial-report-for-2022/">Binance France Publishes First Audited Financial Report For 2022</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Binance France Publishes First Audited Financial Report For 2022

Coin Edition

Other articles published on Jul 23, 2023

British Court Grants Appeal, Allows Argument for Copyright Protection of Bitcoin File Format

Crypto Expert’s Critical Warning: The Next Wave Will Grant Opportunities in This Area!

A Big Week Ahead for Bitcoin and Altcoins: What Traders Should Watch For

From $2.9 Million to $4: The Case of Jack Dorsey’s First Tweet NFT

VeChain Price Prediction 2024: Is VET Price cheap and attractive?

Borroe and Injective bullish as investors examine potential

Join our free newsletter for daily crypto updates!