Cryptocurrency exchange Binance has released its annual report, revealing that the number of registered customers has grown by 47% to surpass 250 million. The company said that this figure serves as an important benchmark on its way to reaching its goal of 1 billion customers.
The report also revealed that the number of Binance VIP customers has increased by 116%, while the number of registered institutional users has increased by 97%. The document emphasizes that with options like Binance Wealth and the updated Triparty Banking service, the exchange has become a gateway for institutions exploring the innovative potential of cryptocurrencies.
With institutions driving the next wave of adoption, their growing presence on Binance reinforces the platform’s key role in bridging traditional finance and the digital asset sector.
Binance said it has doubled down on its commitment to strengthening compliance and security in 2024, investing hundreds of millions of dollars in these key programs. Its internal compliance team has expanded to 650 experts, allowing it to obtain regulatory approvals in 21 jurisdictions.
