Binance, the world's largest cryptocurrency exchange, recently reached the impressive milestone of 200 million customers worldwide. This achievement not only solidifies its position as a leader in the digital asset market but also illustrates the exponential growth in global interest and adoption of cryptocurrencies. To grasp the magnitude of this number, it's worth comparing it to the populations of various countries around the world, including Brazil.
Growth and Expansion
Founded in 2017 by Changpeng Zhao (CZ), Binance quickly stood out in the cryptocurrency scene thanks to its robust platform, diverse coin offerings, and competitive fees. In less than seven years, the exchange has evolved from a promising startup to an industry titan, overcoming regulatory barriers and capturing markets on every continent.
Binance offers a wide range of services, including spot trading, futures, staking, loans, NFTs, and much more. This diversity of services attracts both institutional investors and small individual investors, contributing significantly to its rapid user base growth.
The Magnitude of the Number 200 Million
To put it into context, 200 million people represent a population larger than most countries in the world. Let's consider some comparisons to illustrate this better:
Brazil: With a population of approximately 214 million inhabitants, Brazil is the fifth most populous country in the world. Binance's customer base nearly matches the total population of Brazil, demonstrating the extent and global reach of the platform.
European Countries: For example, France has about 67 million inhabitants. This means Binance has roughly three times the population of France in terms of customers. Similarly, the United Kingdom, with about 67 million inhabitants, is also surpassed by a similar margin.
USA: While the United States has a population of about 331 million, Binance's customer base represents about 60% of that number, which is still an impressive share considering the population of one of the largest countries in the world.
Japan: Japan, with a population of approximately 126 million, has nearly less than half the number of customers compared to Binance.