Reaching the 200 million registered users mark is a monumental achievement for a global technology company that operates 24 hours a day in a constantly evolving industry. This milestone not only highlights the resilience, security and stability of our platform; It’s also a testament to our community’s unwavering support. We are always listening to our users, whose feedback drives our pursuit of excellence and our commitment to serving you better.

As we pass the 200 million mark in mid-2024, we thought it was an appropriate time to reflect on how everything we've built and launched so far this year has led us to this historic moment - driven by our philosophy of always putting you, our users , at the heart of our innovations. 

Better, safer, faster, stronger

For nearly seven years, Binance has been the industry's leading blockchain ecosystem, with products and services that go far beyond its position as the world's largest cryptocurrency exchange. Our users trust our platform to generate rewards with their cryptocurrencies with Binance Earn, pay for goods and services with Binance Pay, facilitate secure transfers through the world's largest P2P marketplace, participate in community discussions on Binance Square, and much more – including, of course, making trades with the highest liquidity.  

To be able to onboard more than 30 million new users in half a year, our engineering and product teams work tirelessly to make Binance more secure, reliable, and increase its scalability. In terms of performance, our broker can process more queries per second than ever before, with lower latency when setting and adding orders (50th and 99th percentiles), and with the lowest slippage. 

We have also worked on several initiatives this year after listening to your feedback and understanding your needs. We have launched innovative products like Copy Trading Spot for individual users (previously only available to VIP users). And there's a lot more to come.

The importance of details for Binance

We are working on many aspects of all our services and will soon cover specific details separately. But what I want to address next I consider equally important for the sustainability and efficiency of our platform. 

Because what's important to recognize here is how we are able to continue moving the industry forward through the thousands of “smaller” features and product enhancements that we are always developing and releasing for every product we offer on Binance. The secret is in the details and even if you don't notice them right away, know that we are always attentive.

These are developments and improvements that you probably haven't read about in the media, or even in our high-profile announcements (although you may have come across them on our official social media channels). It's equally important to recognize this more low-key work, as it contributes to our growth as much as major product launches.

And every week, on our social networks, we share a little about those details that contribute to a better user experience and that helped us get to where we are today.

We refer to this as #BinanceBuild.

How#BinanceBuildembodies our core values

We believe in the power of small, consistent improvements.#BinanceBuildis our commitment to transparency and user-driven innovation. Despite being one of the leading global blockchain ecosystems, one of our strongest values ​​at Binance is to always remain humble. 

No one is perfect and we are always willing to improve because we know that as our industry evolves, so do your digital asset needs. Whether you're new to cryptocurrencies or a member of a native crypto institution, it's important that we continue to optimize your experience on our platform with powerful technology that you can always rely on, regardless of market fluctuations.

To achieve this, we work with two aspects: (1) we never stop building and (2) we are always open to hearing your feedback about what we can (or should) build. And we showcase this twice a week on our Binance and Binance Web3 social channels.

Over a year ago, we launched our Product Reviews and Suggestions platform so users can share their ideas. This year alone, we have already received more than 21,000 suggestions and have already included hundreds of them in our workflow. That's the theme of our weekly Wednesday series, Wednesday#BinanceBuildSpotlights — which shows how we turn suggestions and feedback into final product features. 

We are also keen observers, always evaluating the performance of our products and looking for ways to improve them. That's what our weekly Friday highlights show, Friday Product Highlights; how we take a proactive approach to innovating our suite of products and services. 

#BinanceBuild encapsulates the essence of our mission that has driven our growth over the years: increasing money freedom by placing you, our users, at the center of the Binance experience.

I'm grateful for everything you've helped us build so far and I'm very excited about what's yet to come. Your opinion is important, so keep sharing your valuable feedback with us and let's keep building the future together. 

#BinanceBuild

Rohit Wad, CTO