<h2 id="header-0">Rapid Growth Amidst Controversies</h2><p>Despite navigating numerous obstacles, Binance has once again showcased its resilient growth. A recent declaration by Changpeng Zhao, Binance’s Chief Executive Officer, unveiled that the cryptocurrency exchange platform now boasts a staggering 150 million registered users.</p><h2 id="header-1">Recent Scrutiny over Activities in China</h2><p>Just a day before this revelation, the spotlight turned to Binance due to allegations surrounding its operations in China. A report by The Wall Street Journal shed light on an astonishing volume of crypto trades, pegged at $90 billion, conducted within China in just the span of May. This intriguing insight was obtained from Binance’s internal tool, aptly named “Mission Control.”</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1b8e273ec85644099f330ab8ff14212c.png" /></p><p>In response to these speculations, Binance confirmed the inaccessibility of its primary platform, Binance.com, to users residing in China. <a href="https://www.similarweb.com/website/binance.com/#traffic" rel="noopener noreferrer nofollow">Analytics from SimilarWeb</a> emphasize the substantial traffic Binance receives, particularly from nations including Turkey, Vietnam, Russia, Argentina, and India.</p><h2 id="header-2">An Impressive Year-over-Year Growth</h2><p>Drawing from insights shared by Chinese reporter Colin Wu, the platform had a user base of 120 million in July 2022. This signifies a commendable addition of 30 million users within a mere year, a feat made all the more notable given the bearish market trends prevalent during the previous year.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6803860277b94fe892bd7de32139a202.png" /></p><h2 id="header-3">Binance’s Dominance in Numbers</h2><p>Currently, <a href="https://binance.com/" rel="noopener noreferrer nofollow">Binance</a> takes pride in a daily trade volume that stands at approximately $7.1 billion. With a vast spectrum of assets including 364 coins and 1389 trading combinations, the details from CoinGecko further accentuate its dominance in the <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a>. The platform witnesses a robust 55.4 million visitors every month. For perspective, Coinbase, its closest American competitor, sees a daily volume just above $1 billion and a monthly visit rate of 30.1 million, showcasing the substantial gap between the two market leaders.</p>

Binance Marks Remarkable Achievement of 150 Million User Sign-ups

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