According to Teng, the Binance ecosystem continues to grow and add more and more registered users, so we are very grateful for this achievement. He said: "We have reached over 200 million registered users, which is a great honor and humility." According to Tan, this success is a testament to the trust that the crypto community and industry participants have in the Binance ecosystem.
Another factor that could be attributed to the change in the industry is the increase in the number of users of Binance's exchange service, which doubled from 1 billion to 2 billion in 2 months.
Tan said that this milestone is a victory not only for #Binance but for the crypto industry as a whole, showing that the industry is maturing and becoming stronger. It also means that people are no longer just experimenting with #cryptocurrencies , they are confidently incorporating them into their daily lives and discovering the potential of the technology.
But that hasn't stopped Binance from being complacent as it continues to grow and expand its services. The company plans to reach 10 billion users, but that's no easy task. Because it needs to attract as many new users as there are #cryptocurrency owners around the world.
Such an active target means that 7 to 1 people on the planet will have to start using cryptocurrencies. The realization of this goal also depends on the level of political support from global regulators, especially the United States.
Currently, about 5,000 million people in the United States own cryptocurrencies, which is 10% of the global population. But while the SEC, CFTC and other federal agencies debate the legal status of various parts of the nation's cryptocurrency ecosystem, they are in a legal limbo.
The upcoming U. S. presidential election could play a key role in shaping the future of cryptocurrency regulation. Donald Trump recently stated that if elected, he would be a "crypto president" who could influence the regulatory environment and provide clearer guidelines for the industry.
According to Coingabbar, reaching 2 billion Binance users is a major milestone. The road to 10 billion users is not easy.
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