Binance, the world's largest crypto exchange, has reached over 240 million users globally, with a significant increase in institutional onboarding. The platform added 70 million new users in 2023, bringing its total user base to surpass countries like Brazil, Nigeria, and Russia. CEO Richard Teng attributes this growth to both retail and institutional adoption, with institutional onboarding rates doubling in the past year. Binance now holds $130 billion in user assets and has set a record by exceeding $100 trillion in trading volume. The platform's success is also linked to the integration of digital assets into mainstream finance, driven by the approval of Bitcoin ETFs in various markets. Despite past regulatory challenges, Binance has focused on compliance and innovation, securing approvals in key markets and investing in security measures. The company's resilience and growth reflect the maturation and acceptance of the crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news