Richard Teng, CEO of Binance, the world’s largest cryptocurrency exchange, just revealed a major achievement for the platform. Binance has reached a massive 250 million users, showing just how much it’s growing and gaining influence in the crypto world. This milestone brings the platform closer to its big goal of onboarding 1 billion users.
Binance Recorded 250 M Users on Exchange
Richard Teng expressed his excitement through a tweet post on X, expressing gratitude to the Binance community for helping achieve this monumental success. He stated, “What a year. We’ve hit an incredible milestone of a quarter billion users. A huge thank you to our amazing community for making this possible.
Together, we’re one step closer to our vision of onboarding 1 billion users. Here’s to an even bigger 2025.”
However, 2024 was a year of immense progress for Binance, with the platform recording about $22.6 billion in user deposits, i.e., more than the combined total of the next 10 largest crypto exchanges.
Binance also became the first centralized platform to reach $100 trillion in lifetime trading volumes, confirming its leadership in the crypto market.
Binance Strong Comeback
This success story is particularly remarkable when considering the challenges Binance faced in late 2023. The exchange paid a hefty $4.3 billion fine from the U.S. government over money laundering and sanctions violations.
Additionally, Binance’s former founder, Changpeng Zhao (CZ), resigned as CEO and served a prison sentence.
Perhaps, under Teng’s leadership, Binance has made a strong comeback, focusing on enhancing its regulatory compliance and improving its reputation. His efforts have paid off, as the platform gained key regulatory approvals and strengthened its compliance measures.
New Trading Options for Binance Users
To further expand its offerings, Binance has also announced new trading options for its users. On January 2, Binance Futures launched perpetual contracts with up to 75x leverage for various pairs, including GRIFFAINUSDT, AI16ZUSDT, and ZEREBROUSDT. This move is expected to enhance the trading experience for Binance’s growing user base.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed