Binance, a well-known crypto exchange, has recently made another milestone in terms of user base. As per its announcement, the number of registered consumers on the centralized crypto exchange has gone beyond a whopping 200 million around the world. The platform, took to its official account on X to reveal this remarkable development.
Binance Expresses Enthusiasm over Crossing 200M Mark in Terms of User Base
In its latest X post, the crypto exchange thanked its community for unwavering support. As per the reports, the company’s venture into reaching this landmark has not taken much time. In this respect, Binance took just a couple of years and two months to expand its users. In this period, the crypto exchange elevated from 100M to 200M in terms of consumers.
The respective number of users is nearly double of 80-108M users of another popular crypto exchange Coinbase. Keeping that in view, the company is very optimistic about its further growth. At present, the platform is witnessing a wide-level adoption among institutional investors. Apart from that, the increasing regulatory clarity is adding more users to the firm’s ecosystem.
The Crypto Exchange Always Prioritizes the Requirements of the Expanding User Base, Says the CEO
Richard Teng, the chief executive officer of the crypto exchange, also commented on this development. According to the executive, Binance operates as a platform that centers around its users. In addition to this, Teng said that the crypto exchange has always paid considerable attention to prioritizing the requirements of the increasing consumer base.
