Madrid, June 12, 2024 - Over the past weekend, Binance, the world's leading cryptocurrency infrastructure and blockchain ecosystem provider, announced a historic milestone in the blockchain ecosystem, surpassing 200 million registered users. This achievement reinforces Binance's position as a leader and trusted entity within the global cryptocurrency community.
This growth not only highlights a significant shift towards cryptocurrency adoption, but also underlines Binance's influential role in the industry. Also highlighting that Binance doubled its user base from 100 million to 200 million in just 2 years and 3 months, despite the challenging crypto market conditions it has faced during that time.
Binance's rapid expansion mirrors the growth trajectories of other tech giants such as over time. This milestone signals a broader transition from early adopters to early majority, indicating a fundamental transformation in the sector.
As a market leader, Binance continues to champion initiatives that promote education and innovation in the cryptocurrency space. This commitment is evident in its impressive trading volumes and growing user base. Looking ahead, Binance remains dedicated to fostering sustainable growth in the industry, with the goal of attracting the next 1 billion users.
So far this year, Binance has gained more than 30 million users. Reaching 170 million users in December 2023, and now surpassing the 200 million mark. On average, Binance adds more than 150,000 new users per day. And, furthermore, customer assets, publicly disclosed through Binance's Proof of Reserves (PoR), have increased by $42 billion so far this year, putting Binance with twice as many assets as its closest competitor.
Richard Teng, CEO of Binance states about this historic achievement: “We are deeply proud and honored to have reached 200 million registered users on Binance, and we continue to grow. This achievement is a sign of the trust that the crypto community and members of the industry continue to have in the Binance ecosystem. We don't take this trust lightly - as a user-centric platform, we remain committed to prioritizing and serving the needs of our growing community of users.
This milestone is not just a triumph for Binance. It is also a sign of solid and consolidated growth for the cryptocurrency sector in general. The rapid growth that Binance has experienced, going from 100 million to 200 million users in just 2 years and 3 months, despite difficult market conditions, signals a change in the entire industry. It reflects a transition from early adopters of cryptocurrencies to early majority, indicating that more and more people around the world are embracing cryptocurrencies and its unlimited possibilities.”
Everett Rogers' Diffusion of Innovation Theory.
“Looking ahead, our focus at Binance continues to be spearheading initiatives that promote financial inclusion and innovation. As the industry prepares for our common goal of attracting one billion users, Binance's steadfast dedication to fostering sustainable growth within the crypto space becomes more determined. This industry evolution is an exciting journey, and we are grateful to lead the way," adds Richard Teng.
Risk Warning: The information contained in this article should not be construed as financial or investment advice. Please do your own research. NFTs are not regulated in most countries, however, please make sure you are allowed to access our Binance NFT Marketplace based on your circumstances. For more details, please see the Binance NFT Terms and Conditions, our Terms of Use and Risk Warning.
