Binance recently celebrated reaching 200 million registered users worldwide, and the exchange is now setting its sights on onboarding 1 billion users. In a recent interview, Binance CEO Richard Teng noted that the “early majority” has become the predominant demographic in the cryptocurrency market, replacing the “early adopters.”
Teng attributed the company’s rapid growth, with user numbers doubling from 100 million to 200 million in just 26 months, to the changing market conditions in the crypto industry. Despite this success, Teng emphasized that Binance is not resting on its laurels and remains committed to its goal of reaching one billion users. The team is dedicated to expanding access to financial services and driving innovation within the industry.
Achieving one billion users is no small feat, as it would require a significant increase in the number of crypto owners globally. However, Binance is confident in its ability to achieve this goal through innovation and compliance with regulations on a global scale.
Over the years, Binance has expanded its reach through new listings and enhancements, as well as forming partnerships with other companies to enter new international markets. In the latest crypto news, Jellyverse has introduced DeFi 3.0 tools on the Sei Blockchain, showcasing the continued evolution and advancement of the cryptocurrency industry.
