#2024WithBinance
Binance has had a tremendous journey in 2024. As of October 2024, Binance's market cap for its native token, Binance Coin (BNB), stood at $83 billion, with 145 million coins in circulation.¹
In terms of revenue, Binance generated $16.8 billion in 2023, marking a 40% increase from the previous year. The exchange also saw significant growth in its user base, with 29.5 million funded accounts as of October 2023.
Binance's revenue for 2024 isn't publicly available yet.
As for 2024, we'll have to wait for the official reports to get the exact revenue figures.
Binance has also expanded its offerings, launching several security tools aimed at improving trust in crypto. One notable example is Binance Smart Chain, which utilizes a proof of staked authority to ensure transaction validation.
Despite facing regulatory challenges, including investigations in the US and UK, Binance remains the largest cryptocurrency exchange by volume and active users.
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