Richard Teng points to trust as driver of 300 million users
Binance, the world’s largest cryptocurrency exchange by trading volume, has surpassed 300 million registered users globally, a milestone that its leadership says reflects accelerating adoption of digital assets across retail, institutional and sovereign segments. The figure was disclosed by Binance Co-CEO Richard Teng during a recent CEO Connect “Ask Me Anything” session on Binance Square.
Teng said Binance began the year with roughly 270 million users, adding about 30 million new registrations over the course of the year. He framed the growth as evidence that cryptocurrency adoption is no longer confined to early adopters, but is increasingly embedded in mainstream financial activity across regions.
User trust and engagement drive scale
According to Teng, Binance’s expansion has been built on sustained user trust and long-term engagement rather than short-term market cycles. He credited the platform’s foundations to co-founder Changpeng Zhao and Co-CEO Yi He, noting that the company continues to build on a user-first philosophy established in its early years.
Teng highlighted that daily active user levels on Binance over the past 18 months have been comparable to those of major global consumer platforms such as Netflix. This, he argued, signals not just account creation but consistent participation in the crypto ecosystem, from trading and custody to broader financial services.
The scale of engagement, Teng said, underscores how digital assets are becoming part of everyday financial behavior for millions of users worldwide.
Institutional and sovereign adoption expands
Beyond retail growth, Teng pointed to rising institutional and sovereign adoption as a key driver of Binance’s trajectory. He cited engagement with major asset managers such as BlackRock and Franklin Templeton, alongside cooperation with sovereign entities including Bhutan and Kazakhstan.
These relationships, he said, reflect growing confidence in Binance’s infrastructure, compliance framework and security standards at a time when large institutions and governments are exploring digital assets more actively.
Looking ahead, Teng said Binance remains focused on strengthening security, expanding infrastructure and supporting users at every stage of their crypto journey. As markets mature and regulatory frameworks evolve, he argued that trust and resilience will remain central to long-term adoption.
Founded in 2017, Binance offers trading and financial services across hundreds of digital assets, serving users in more than 100 countries. With its user base now exceeding 300 million, the platform’s next challenge will be sustaining growth while meeting rising expectations from regulators, institutions and an increasingly diverse global user community.
Read also: Binance launches junior crypto app for kids and teens
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