Richard

2024

when

Million

Binance Exchange has announced that its user base has surged to an astonishing 200 million users worldwide. 
According to Richard Teng, the CEO of Binance, there is nothing short of delight about this outstanding accomplishment. He therefore requested wider cooperation as well as encouraged the community to continue working together through social media accounts to create one billion users.&nbsp; 
In his tweet, he said “We have hit 200M users @binance! This milestone wouldn’t have been possible without YOU – our incredible community. From the bottom of our hearts, thank you. The journey to 1 billion users continues. Let’s keep building together.” 
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 Today, we celebrate 200 million – and it's all because of YOU! Your support is the heartbeat of our journey to 1 billion users. Here's to the stars of our story – you!<a href="https://twitter.com/hashtag/Binance200M?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance200M</a> <a href="https://twitter.com/hashtag/Binancian?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binancian</a> <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> <a href="https://t.co/3cWTEHxg7j" target="_blank">pic.twitter.com/3cWTEHxg7j</a>— Binance (@binance) <a href="https://twitter.com/binance/status/1799475255838462273?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 8, 2024</a>
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As compared to a few years ago, when they were only 100 million, Binance has grown with its user base doubling over time. This growth can be linked to multiple factors, such as continuous innovation by the exchange itself; fresh listings on the exchange coupled with strategic partnerships leading to expansion into new jurisdictions among others.&nbsp; 
Moreover, supporting start-ups and blockchain education initiatives played a key part in driving broad-based Web3 adoption at Binance. 
However, Binance has had its own share of challenges. The exchange has fallen victim to regulatory hurdles in multiple countries, including facing a lawsuit from U.S. regulators over unauthorized securities trading activities.&nbsp; 
In 2021, the Department of Justice (DOJ) announced that it had reached a settlement amounting to $4.3 billion with Binance, leading to the <a href="https://www.cryptotimes.io/2023/11/21/binance-ceo-changpeng-zhao-to-resign-plead-guilty/">resignation of Changpeng Zhao</a> as its CEO. 
The fact that there are 200 million people who have adopted digital assets on Binance only goes to show how far this industry has come. However, this milestone seems to be a result of various developments in the crypto world like approval by the U.S Securities and Exchange Commission (SEC) for <a href="https://www.cryptotimes.io/2024/01/11/finally-sec-approves-first-spot-bitcoin-etfs/">spot Bitcoin ETFs</a>, <a href="https://www.cryptotimes.io/2024/05/24/sec-finally-approves-ethereum-spot-etfs/">Ether ETFs</a>, and the recent <a href="https://www.cryptotimes.io/2024/06/05/bitcoins-price-touches-71000-shorts-liquidated/">BTC all-time high above $73K</a>.

Binance Hits 200 Million Users Amid Crypto Adoption Surge

The Crypto Times

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