BlockchainNews

Binance crosses 200 million registered users worldwide


Blockchain ecosystem and cryptocurrency infrastructure provider Binance has crossed 200 million registered users worldwide.

Binance said in a statement on Monday that the milestone signals the optimistic momentum of global cryptocurrency adoption.

“We are deeply honored and humbled to have welcomed 200 million registered users and counting on Binance. This achievement is an embodiment of the trust that the crypto community and industry players continue to have in the Binance ecosystem.”  Richard Teng, CEO of Binance said.

”We do not take this trust lightly – as a user-focused platform, we remain committed to prioritizing and catering to the needs of our ever-growing user base.” he added.

This milestone isn’t merely a triumph for Binance. It’s also a sign of robust growth and maturity for the broader crypto sector. The swift growth Binance experienced from 100 million to 200 million users in just 2 years and 2 months, despite challenging market conditions, signals an industry-wide shift. It reflects a transition from ‘early adopters’ of crypto to the ‘early majority,’ indicating that more and more of the global population are warming up to crypto and its limitless possibilities.

Moving forward, Binance says its focus remains on spearheading initiatives that promote financial inclusion and innovation.

”As the industry gears up to our common goal of attracting 1 billion users, Binance’s steadfast dedication to fostering sustainable growth within the crypto space becomes more resolute. This industry evolution is a thrilling journey, and we are grateful to be leading the way.” the company said.

On average, Binance says it adds 150K new users each day. The customer’s assets have increased by US$42B year-to-date.

”This growth means that we now hold double the assets of our next largest competitor,” Binance says.

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