The largest cryptocurrency exchange in the world based on daily volume, Binance, revealed that it has 200 million users worldwide. It is important to note that these numbers are self-reported.
The business’s legal problems are likewise mostly in the past. It seems like Binance has come off largely unscathed, with founder and former CEO Changpeng “CZ” Zhao serving a fourth-month sentence on fraud charges.Binance celebrated the milestone by presenting the 200 million user mark as a turning point in the company’s journey to onboard a billion users on all of its social media channels, or one in every eight persons on the planet.
We are celebrating 200 million today, and YOU are the reason behind it all! Our quest to reach one billion users depends on your support. Cheers to you, the stars of our tale! the exchange added.
As of 2022, there were only about 130 million users on Binance. The exchange reached 170 users in 2023 after adding 40 million new users. In the meanwhile, at least 30 million more had been added as of six months into 2024. If the company’s and the industry’s current trends continue, Binance is expected to achieve 300 million users by 2026.
