On June 8, the platform announced on X that it had surpassed 200 million registered users, reflecting its significant growth since its launch nearly seven years ago.
This milestone positions Binance as a major player in the global crypto market, representing about 36% of the estimated 562 million cryptocurrency users worldwide.
Loading...
Richard Teng, Binance's CEO, highlighted this growth as indicative of the broader adoption of cryptocurrencies. “We are deeply honored and humbled to have welcomed 200 million registered users and counting. This achievement is an embodiment of the trust that the crypto community and industry players continue to have in the Binance ecosystem”, Teng told Cointelegraph.
In addition to user growth, Binance has also been recognized as the leader in liquidity among 43 centralized exchanges. According to Kaiko, Binance dominates in trading volume, volume contribution, and market depth, maintaining an average trading volume significantly higher than its competitors.
Despite these achievements, Binance faces significant legal challenges globally. In the United States, the exchange recently agreed to a record $4.3 billion fine for multiple financial law violations, leading to the resignation of founder Changpeng Zhao. Additionally, Binance has withdrawn from several European markets and faces ongoing investigations in Nigeria.
Looking forward, Binance aims to reach one billion users, a goal that CEO Richard Teng views as both a challenge and an opportunity. As the crypto industry continues to evolve, Binance’s ability to navigate regulatory landscapes and maintain its market leadership will be crucial to achieving this ambitious target.
See also: CoinEx and Polkadot team up for blockchain education in Brazil
