Binance, the world’s largest crypto exchange by trading volume, has reached a major milestone, surpassing 200 million registered users.
This achievement, announced on June 8, comes nearly seven years since the platform’s launch.
Binance now represents about 36% of the global cryptocurrency user base, estimated at 562 million by Triple-A research.
In perspective, if Binance were a country, it would rank as the eighth-most populous, ahead of nations like Bangladesh, Russia, and Mexico.
Richard Teng, CEO, attributed this success to the community and emphasized the ongoing journey to reach one billion users.
“This achievement is not just about Binance; it reflects the fast-growing crypto adoption which is empowering countless lives, and we’re at the forefront of this transformative technology.
Yet, our work is far from done. The road to reaching a billion users is both a challenge and an opportunity we eagerly embrace,” Teng added.
Notably, this milestone arrived less than three months after the exchange exceeded $100 billion in assets under custody.
At the time, the exchange explained that the continued rise in digital asset prices significantly increased the value of user assets under its management.