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Binance’s User Base Crosses the 200 Million Mark

Binance

Binance has announced that its platform now has over 200 million registered users. This is impressive for the platform to achieve 7 years since its inception. 30 million of the users were added to the platform within the last 12 months.

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With this, Binance is currently the leading platform accounting for over 36% of the total crypto users globally. Binance is also regarded as the most liquid exchange according to Kaiko Research. Binance also revealed that it’s customer assets, which are publicly available and disclosed through our Proof of Reserves, have increased by $ 42B year-to-date. This means it holds double the assets of its next largest competitor.

Commenting on this milkestone, Richard Teng, CEO of Binance said, “We are deeply honored and humbled to have welcomed 200 million registered users and counting on Binance. This achievement is an embodiment of the trust that the crypto community and industry players continue to have in the Binance ecosystem. We do not take this trust lightly – as a user-focused platform, we remain committed to prioritizing and catering to the needs of our ever-growing user base.

This milestone isn’t merely a triumph for Binance. It’s also a sign of robust growth and maturity for the broader crypto sector. The swift growth Binance experienced from 100 million to 200 million users in just 2 years and 2 months, despite challenging market conditions, signals an industry-wide shift. It reflects a transition from ‘early adopters’ of crypto to the ‘early majority,’ indicating that more and more of the global population are warming up to crypto and its limitless possibilities.

Moving forward, our focus at Binance remains on spearheading initiatives that promote financial inclusion and innovation. As the industry gears up to our common goal of attracting 1 billion users, Binance’s steadfast dedication to fostering sustainable growth within the crypto space becomes more resolute. This industry evolution is a thrilling journey, and we are grateful to be leading the way.”

About author

Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email: kaluka@techarena.co.ke
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