One-stop inventory 7 big cryptocurrency money-making machines: annual profit of 14 billion US dollars, it is the ultimate 'tax official' in the crypto world

Cryptocurrency giants have amazing money-making ability: Tether leads, with a super-capita profit of Goldman Sachs

In early 2025, Tether CEO Paolo Ardoino released its 2024 financial report, showing that Tether's annual profit reached US$13.7 billion, and its fourth quarter profit reached US$6 billion, which attracted widespread attention from the market. Tether's ability to attract money is beyond doubt, but such an amazing profit figure is still staggering. According to Bitwise CIO Matt Hougan, the Tether team has only 165 people, which means its per capita profit is as high as US$83.03 million, far exceeding the traditional financial giant Goldman Sachs (profits of approximately US$14 billion in 2024 and about 45,000 employees). This highlights the amazing efficiency of leading companies in the cryptocurrency industry.

Odaily Planet Daily conducted an inventory of seven "money-making machines" in the cryptocurrency industry (the data is based on public information and is for reference only, and there may be deviations):

Seven cryptocurrency gold-making giants:

1. Tether (USDT issuer): With USDT's dominance in the stablecoin market and its holdings of assets such as U.S. Treasury bonds, Tether has more than 400 million users. Profit in 2024: US$13.7 billion; number of employees: approximately 165; per capita profit: approximately US$83.03 million.

2. pump.fun: As one of the most successful Meme coin launch platforms in this bull market, pump.fun's money-making ability is also outstanding. Revenue in 2024 is approximately US$337 million (based on on-chain data estimates, approximately 1.703 million SOLs, calculated at an average price of US$198); number of employees: approximately 15 people; per capita profit: approximately US$22.4796 million.

3. Binance (Binance): The world's largest cryptocurrency exchange has exceeded 250 million users and trading volume exceeded 100 trillion US dollars. Profit in 2024: approximately US$5 billion (based on public information); number of employees: more than 5,000; per capita profit: approximately US$1 million.

4. Coinbase: The leading cryptocurrency trading platform in the United States, achieving profitability in 2024. Profit in 2024: US$2.6 billion; number of employees: 3,772; per capita profit: approximately US$689,000.

5. Circle (USDC issuer): The issuer of the world's second largest stablecoin, USDC, focuses on compliance and institutional cooperation. Profit in 2024: at least US$500 million (based on public information); number of employees: about 915 people; per capita profit: about US$546,000.

6. Strategy (formerly MicroStrategy): Focus on Bitcoin investment. Profit in 2024: approximately US$464 million; number of employees: 1,534; per capita profit: approximately US$302,000.

7. Kraken: Old-established American cryptocurrency exchange. Profit in 2024: approximately US$380 million; number of employees: approximately 2,500; per capita profit: approximately US$152,000.

Summary: Stablecoins and exchanges are the most profitable models in the crypto industry

Data shows that stablecoin issuance and cryptocurrency exchange operations are the most profitable business models in the cryptocurrency industry, and high handling fees are the main source of its profits. The success of pump.fun benefits from the Meme coin craze. This once again confirms a core rule of the crypto industry: businesses that cannot charge handling fees will be difficult to become successful business.

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