Your "almost certainly its net profit is <$10Bn" is the incorrect assumption. Binance's Profit is >$10Bn/year on avg because their margins are much, *much* higher than GS. Binance avg. Profit has been higher than GS since ~2022. GS has a higher market cap, but it is also publicly listed and the founder didn't go to prison for violating BSA, so its access to capital is a heck of a lot better. Even if 2025 gave GS outsized PnL and Binance undersized during crypto bear (I don't have Binance 2025 data), they'd be about the same on average. So under weaker assumptions, they've made roughly the same money. Despite Goldman having: 1) A 148 year head start 2) ~30% of the US Treasury Secretaries over the last 30 years 3) unadulterated access to capital markets - both increasing their market cap and ability to grow the business. @cz_binance

World Markets' security audit has been published by @sherlockdefi Review their findings below

02.09.25

Public Mainnet // 02.09.26

the load test we all deserve personally can't wait to play on @stompdotgg

World now is fully deployed on MegaETH. For the first time ever traders are able to experience perfect capital efficiency The benefits of World are simple: You make more money

Deployment detected for @wcm_inc World Markets unifies 3 CLOBs (perps, spot and lending) under ATLAS—their proprietary risk engine—creating an exchange with higher leverage, safer liquidations and user access to the leveraged basis trade. All onchain. Better than CEX.

We built World Markets for a simple reason: to give traders more ways to make money Today, the full-spectrum of risk is structurally inaccessible to most users. This pushes users to either low-yield lending or perp/meme hyper-gambling The best ways to make money trading: basis, funding arb, carry, are simple in theory. But they’ve been gated in practice. World’s ATLAS risk engine creates entirely new ways to sustainably make money onchain. One account. Spot, perps, and lending unified. Every position collateralizes the rest. Your collateral earns yield while it backs your trades. The result of this is simple: You make more money Built for traders, market-makers, passive LPs, delta-neutral farmers, arbitrageurs. and degens alike. Run a leveraged basis trade. Borrow under-collateralized. Arb perpetual funding. Carry trade Turkish Lira. Same deposit. Bigger positions. Safer liquidations. World is the exchange where your money truly works for you. Our new brand reflects that. Better than CEX

Deployment detected for @capapp Cap is the creator of cUSD—the first Type III stablecoin with over $350M in circulating supply—and an original @megamafia member. Users can mint cUSD on Ethereum today and will be able to plug in to DeFi on MegaETH day 1 of open mainnet.

RT @wcm_inc: WCM is the first exchange with cross margin between spot perps and lending 3 CLOBS. Fully Onchain

27.8x oversubscribed. The Mega ICO is done, but the hype is just getting started. Now it’s about the builders turning that momentum into reality on @megaeth Some are already deploying with RedStone Bolt, the fastest blockchain oracle 👇

the OFFICIAL crypto top 75 list i don't make the rules

Solution

Top 100 gigabrains in crypto according to CryptoIQ 🧠 How many can you name?