#Binance250MUsers :
- Binance, a major cryptocurrency exchange,is 250 million users, according to a recent statement by CEO Richard Teng, highlighting significant growth in the crypto market (Source: u.today).
- The exchange has seen $21.6 billion in user fund deposits this year, surpassing the combined total of the next ten largest crypto trading platforms, indicating Binance's dominance in the sector (Source: u.today).
- This growth comes after a challenging period in late 2023 when Binance faced legal issues, resolving them by paying $4.3 billion in penalties to the U.S., showcasing a strong recovery and expansion (Source: u.today).