Richard

2024

Trillion

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Binance has reached a new milestone in its already dominant trajectory, with CEO&nbsp;<a href="https://x.com/_RichardTeng/status/1838567951257186804" rel="noopener noreferrer nofollow">Richard Teng</a> recently announcing that the black-and-yellow crypto behemoth has crossed an all-time trading volume of $100 trillion.&nbsp;
Teng shared this impressive news on social media, putting&nbsp;<a href="https://u.today/90000-bitcoin-btc-futures-open-on-binance-whats-happening" rel="noopener noreferrer nofollow">Binance</a> in a league of its own. It is not just a new record but also puts it far ahead of major financial benchmarks, like the entire market capitalization of the S&amp;P 500.
Twice the market cap of a key U.S. stock market index, this figure solidifies Binance's lead on the crypto market and highlights its ability to outpace its competitors, maintaining a level of performance that few, if any, can rival.&nbsp;
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 Fun fact: Earlier this month, the all-time trade volume on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> surpassed $100 trillion! 🎉Through the highs and lows, Binance will keep building. Because our users only deserve the best. Thank you for your trust and support! 🤝— Richard Teng (@_RichardTeng) <a href="https://twitter.com/_RichardTeng/status/1838567951257186804?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 24, 2024</a>
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<h2 dir="ltr" id="how-did-it-go">How did it go?</h2>
The journey from its humble beginnings to this staggering achievement started in 2017 when&nbsp;<a href="https://u.today/binance-founder-cz-to-leave-jail-this-week-will-bitcoin-price-surge" rel="noopener noreferrer nofollow">Changpeng Zhao (CZ)</a> founded Binance, an exchange that quickly gained momentum, thanks to its user-friendly interface and attractive fee structure.&nbsp;
After raising $15 million in a highly successful initial coin offering that same year, Binance leveraged its new capital to fuel parabolic growth and international expansion.
Despite facing some big challenges along the way, including a 7,000&nbsp;<a href="https://u.today/755-million-in-24-hours-for-bitcoin-btc-whats-happening" rel="noopener noreferrer nofollow">BTC</a> hack, regulatory scrutiny from authorities worldwide and a $4 billion fine, Binance has not only survived but thrived. Even the arrest of its founder, CZ, has not slowed the company down.&nbsp;
It is proof of how far Binance has come. Backing this statistic is $13 billion in trading volume today, which is lower than the exchange's norm but still eight times more than that of its nearest competitor.

$100 Trillion for Binance: CEO Teng Reveals Jaw-Dropping All-Time High

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