Binance, the largest cryptocurrency exchange in the world by volume, has over 240 million users from various countries.
This year, the platform saw 70 million new users. In 2023, there were only 170 million. If Binance were a country, it would rank sixth in the world by population, ahead of Brazil, Nigeria, and Russia.
Binance CEO Richard Teng explained the significant growth in the number of users on the exchange due to the approval of spot bitcoin ETFs in the USA, Brazil, and Australia.
He stated that Binance currently holds user assets worth $130 billion. The platform also set an industry record by becoming the first centralized exchange whose total trading volume in spot assets and derivatives exceeded $100 trillion.
These figures highlight not only the resilience of Binance and cryptocurrencies but also the level of maturity and recognition of the exchange, unimaginable just a year ago, Teng said.
In addition to market trends, the CEO linked Binance's success to regulatory compliance. In recent years, the exchange has obtained more than 20 licenses from regulators worldwide, including in key markets such as India and Argentina.
