The largest cryptocurrency exchange, Binance, announced that it has reached 200 million users worldwide. This figure makes the platform a leader among cryptocurrency exchanges in terms of the number of clients, confirming its dominant position in the digital assets market.
How did Binance reach 200 million users? 🥳
Rapid audience growth: In 2022, the number of Binance users was 130 million, and by 2023 it had already reached 170 million. In the first half of 2024, the exchange attracted another 30 million clients due to expanding its international presence and improving its service.
Innovative solutions: Binance actively develops products for various categories of clients — from retail users to institutional investors.
Global expansion: In 2024, Binance returned to India after registering with FIU-IND and also strengthened its position in the UAE by obtaining a VARA license in Dubai.
Goals for the future 🎯
Binance has set an ambitious goal of 1 billion users, which is equivalent to one-eighth of the world's population. At the current growth rate, the platform could reach 300 million users by 2026.
Financial indicators
The platform currently holds over 100 billion dollars in users' digital assets, indicating a high level of trust in the exchange. The average Binance client holds about 500 dollars in their account.
Despite recent challenges, including legal disputes and the departure of founder Changpeng Zhao (CZ), Binance continues to adapt and strengthen its market position.
Thus, reaching 200 million users is not only a success for Binance but also a significant step in the development of the cryptocurrency industry as a whole.
Sources:
1. CryptoNews
2. CurrencyDates