Binance announced that it reached 200 million global users on June 8.
Although this announcement by Binance has not been confirmed by independent sources, no other crypto exchange platform has reported reaching such a high number of users.
Binance announced that it reached 200 million users on social media and announced that it has set its future target as 1 billion users, which is one eighth of the world's population.
In a post made by the official account, the following statements were included:
"Today we're celebrating 200 million, and it's all thanks to you! Your support is the heartbeat of our journey to 1 billion users. The stars of our story are you!"
In 2022, Binance had approximately 130 million users. It added 40 million new users in 2023, increasing the total number of users to 170 million. In the first six months of 2024, it added at least 30 million more people. If this trend continues, Binance is expected to reach 300 million users by 2026.
According to Triple-A's research, the global cryptocurrency investor base reached 562 million people in 2024, an increase of 142 million from 420 million users in 2023. This data reveals that Binance users make up approximately 36% of global cryptocurrency users.
Binance reaching 200 million users comes on the heels of the company setting another record in the cryptocurrency industry. According to Cointelegraph's report in March, user assets under Binance custody reached $100 billion in total. This means an average of $500 worth of assets per user.
The company's legal problems are largely behind us. Even though founder and former CEO Changpeng "CZ" Zhao was sentenced to four months in prison on fraud charges, Binance seems relatively unaffected by the situation. CZ is known to have apologized for his actions and is serving his sentence in a low-security facility in California.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE AWARD COME?
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