On the occasion of Binance’s seventh anniversary, CEO Richard Teng released a message celebrating the company's longstanding achievements and looking forward to new challenges. He announced that Binance has surpassed 210 million global users and exceeded $100 billion in user fund holdings, underscoring the exchange’s remarkable growth and impact in the cryptocurrency industry.Major MilestonesSince its inception in July 2017, Binance has rapidly evolved to become a key player in the cryptocurrency industry. This year, Binance surpassed 210 million global users and exceeded $100 billion in user fund holdings, ensuring these funds are held transparently at a 1:1 ratio.Robust Infrastructure and ServicesBinance's infrastructure supports 541 carefully selected digital assets and 2,632 trading pairs. The exchange's systems are designed to handle massive volumes of user activity, with an all-time high of 2.58 million Queries Per Second (QPS), showcasing its capacity to process significant loads during peak times.User-Focused InnovationsTo facilitate broader crypto adoption, Binance has expanded its range of products and services:Simple Earn: Enables over 8 million users to grow their crypto holdings across 392 assets.Binance Pay: Used by more than 24 million people globally for secure and efficient value transfers.Institutional Participation: Experienced a 36% increase in institutional registrations in the first half of 2024.Educational Outreach: Engaged 43.6 million learners through Binance Academy to promote responsible engagement with digital assets.Commitment to Security and ComplianceBinance has strengthened its regulatory compliance, now holding licenses and registrations across 18 jurisdictions. Over the past year, Binance processed 62,800 law enforcement requests, bringing the total to 173,800. These efforts aid in investigating and prosecuting crypto-related crimes.SAFU Fund and Security MeasuresTo protect users from potential security breaches, Binance maintains the value of its Secure Asset Fund for Users (SAFU) above $1 billion. Earlier this year, all SAFU assets were transferred to USDC, a stablecoin known for its transparency and reliability.Future DirectionsLooking ahead, Binance aims to lead the digital asset sector into its next phase of development. With increased institutional participation and greater regulatory clarity, the exchange is well-positioned to attract more large-scale investors while continuing to expand its retail user base.Binance's first seven years have laid a strong foundation for continued success and innovation in the cryptocurrency industry. As the exchange celebrates this milestone, it remains committed to advancing financial freedom and inclusion worldwide.