The world’s largest cryptocurrency exchange Binance announced on the 8th that its global registered users have reached 200 million. Binance CEO Richard Teng stated that in just 2 years and 2 months, the number of users has grown from 100 million to 200 million, which is not only a victory for Binance but also a strong sign of growth and maturity in the broader cryptocurrency industry.
Binance, the cryptocurrency exchange, has grown to become the world’s largest in trading volume within 180 days since its establishment in 2017. Despite experiencing multiple bull and bear markets, as well as regulatory pressures from various countries, it has consistently maintained its leading position. On the 8th, Binance released an important statement announcing that its global registered users have reached 200 million.
Regarding this achievement, Binance CEO Richard Teng said:
Richard Teng pointed out that looking ahead, Binance’s focus remains on leading and promoting inclusive finance and innovation. As the industry moves towards the common goal of attracting 1 billion users, Binance’s determination to promote sustainable growth in the cryptocurrency asset field has become stronger. The evolution of this industry is an exciting journey, and Binance is pleased to lead the trend.
Estimated to reach 300 million users by 2026
According to Cointelegraph, Binance’s user growth rate is rapid. As of 2022, Binance had approximately 130 million registered users. By 2023, Binance added 40 million users, bringing the total number of users to 170 million. If the trend continues, Binance expects the total number of users to reach 300 million by 2026.
According to Triple-A research, in 2024, the global number of cryptocurrency holders reached 562 million, an increase of 142 million from 420 million users in 2023. This data shows that Binance users account for approximately 36% of the global cryptocurrency user base.