Binance, the world's largest cryptocurrency exchange in terms of daily volume, proudly announced on June 8 that it had achieved a significant milestone of 200 million global users. This achievement sets Binance apart from other exchanges, although it is important to note that these numbers are self-reported. The company celebrated this milestone on social media, highlighting its goal of reaching a billion users, which would equate to one in every eight people on Earth. Starting with 130 million users in 2022, Binance added 40 million in 2023 and another 30 million in the first half of 2024. At this rate, Binance is projected to hit 300 million users by 2026. The global cryptocurrency user base grew to 562 million in 2024, with Binance users representing around 36% of this total. Additionally, Binance recently achieved another milestone by reaching $100 billion in user assets under custody, demonstrating its strong position in the industry despite legal challenges faced by its founder. Read more AI-generated news on: https://app.chaingpt.org/news
