Binance has announced a new milestone that strengthens its position in the world of cryptocurrencies, as CEO Richard Ting revealed that the company’s total trading volume has exceeded $100 trillion.
Ting shared these numbers on social media, stressing that this historic figure puts Binance in a league of its own, far outperforming global financial benchmarks, including the market cap of the S&P 500.
This figure represents twice the market cap of the main US stock market index, reinforcing Binance’s leadership in the cryptocurrency market and highlighting its ability to outperform its competitors, as it maintains a level of performance that many cannot match.
From humble beginnings to historic achievement:
Binance's journey began in 2017 when it was founded by Changpeng Zhao (CZ).
The company quickly gained momentum thanks to its simple interface and attractive graphics structure.
After successfully raising $15 million through an initial coin offering (ICO) in the same year, Binance used this funding to achieve massive growth and expand internationally.
Despite the major challenges the company faced, such as the hack and theft of 7,000 Bitcoins, regulatory scrutiny from global authorities, and a $4 billion fine, these obstacles could not stop Binance’s path.
Even the arrest of founder CZ did not affect the company's growth, which reflects Binance's strength and adaptability.
Currently, daily trading on the platform is around $13 billion, which is lower than usual for the company but still eight times larger than its closest competitor.
This huge figure reflects Binance’s position as a major player in the global market, and its continued push of the boundaries of the cryptocurrency industry to new heights.
