Cryptocurrency exchange Binance reported registering more than 30 million new users this year. Since the start of 2024, Binance's average daily visits have doubled, indicating a significant increase in activity on the platform. 💰

In addition, Binance noted a significant influx of cryptocurrency assets onto the platform, exceeding the total amount of $100 billion for the first time. This influx has led to a surge in spot trading volume, which increased 121% to $1.12 trillion as of March. 📈

The exchange also noted a significant increase in the number of merchants accepting digital currencies as direct payment methods. According to BTC Map, the total number of merchants accepting cryptocurrencies increased from 7,731 in October 2022 to 10,952 in April 2024, indicating a 42% increase in less than two years.

Additionally, Binance noted the proliferation of cryptocurrency ATMs as another notable development. The global market for these devices grew from $115 million in 2022 to $181 million in 2023, representing a 64% increase in one year.

Finally, the exchange highlighted the significant adoption of stablecoins, noting that these assets have now surpassed all other types of cryptocurrencies in terms of usage. The volume of fiat currency purchases of stablecoins has been growing steadily over the past year, especially in countries experiencing significant declines in their national currencies and those with strict capital restrictions.