Binance, the world’s largest cryptocurrency exchange, has over 240 million users globally, with a 70 million increase this year. This growth is due to retail and institutional adoption, with the platform now holding $130 billion in user assets. Binance now has $100 trillion in cumulative spot and derivatives trading volume.
The company attributes its success to the integration of digital assets into mainstream finance, such as Bitcoin ETFs, and compliance and innovation efforts, such as regulatory approvals and partnerships with authorities. Despite past regulatory challenges, Binance has maintained its dominant position in the industry.
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