Binance has recently reached a milestone of 200 million registered users worldwide, with the goal of onboarding 1 billion users in the future. In a recent interview, Binance CEO, Richard Teng, mentioned that the “early majority” has now become the dominant demographic in the cryptocurrency market, replacing the “early adopters.”
Teng expressed his excitement about the company’s achievement of reaching 200 million registered users globally on June 8, making Binance the largest cryptocurrency exchange in terms of user base. Despite the rapid growth from 100 million to 200 million users in just 26 months, Teng attributed this success to the changing market conditions in the crypto industry.
Looking ahead, Binance remains focused on its goal of reaching 1 billion users and is determined to continue its efforts in expanding access to financial services and promoting innovation. Achieving this goal would require a significant increase in the number of crypto owners globally, but Binance is confident in its ability to achieve this through innovation and compliance with regulations.
Over the years, Binance has expanded its market reach through new listings, enhancements, and partnerships with other companies to enter new international markets. The exchange has also made significant strides in the cryptocurrency industry, with recent news highlighting Jellyverse’s introduction of DeFi 3.0 tools on the Sei Blockchain.