Bitcoin Exchange Binance Announced It Has Exceeded the 200 Million Value Threshold!

Binance, the world's largest cryptocurrency exchange, announced that it has exceeded 200 million users.

In the announcement made on its official Twitter account on June 8, Binance announced that it has officially exceeded 200 million users.

In the post shared by the stock exchange, the following statements were included:

Today we celebrate 200 million. It's all thanks to you! Your support is the heartbeat of our journey to 1 billion users.

It was stated that it took 2 years and 2 months for Binance, the cryptocurrency exchange founded by Changpeng Zhao (CZ) in July 2017, to increase from 100 million users to 200 million users.

Binance, which struggled with many difficulties during this period, including the US Securities and Exchange Commission (SEC) case, has always managed to maintain its leadership position even though it experienced declines in market share.

Binance's CEO Richard Teng, who took office after CZ, said in his congratulatory message on Twitter that, as a user-centered platform, the exchange is always committed to prioritizing the needs of its growing user base.

According to CoinGecko data, Binance hosted a volume of $20 billion in the last 24-hour period, 5 times more than its closest rival, Bybit.