Binance, the world's largest cryptocurrency exchange by daily trading volume, has announced a significant milestone: reaching 200 million global users.
Binance, the world's largest cryptocurrency exchange by daily trading volume, has announced a significant milestone: reaching 200 million global users. This achievement, announced on June 8, positions Binance far ahead of any other exchange in terms of user base, although these figures are self-reported.
Binance took to its social media platforms to highlight this landmark as a key step towards its ambitious goal of onboarding one billion users—approximately one-eighth of the global population. The company’s message was clear: this milestone is a testament to the support and loyalty of its users.
This rapid growth is particularly noteworthy considering Binance's user base was around 130 million as recently as 2022. The exchange saw a substantial increase in 2023, adding 40 million users to reach a total of 170 million. Just six months into 2024, Binance has already gained an additional 30 million users. If these trends continue, Binance is on track to reach 300 million users by 2026, reflecting both the company's growth and the broader expansion of the cryptocurrency industry.
The broader context of this growth is equally impressive. According to research from Triple-A, the global cryptocurrency user base reached 562 million people in 2024, up from 420 million in 2023. This surge of 142 million new users indicates a growing global adoption of cryptocurrency. Binance users now represent approximately 36% of the total global cryptocurrency user base, underscoring the exchange's dominant position in the market.
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