- Binance recently marked the achievement of 200 million registered users globally.
- The exchange is determined to continue working toward onboarding 1 billion users.
In a recent interview, Binance CEO Richard Teng said that the “early majority” has replaced the “early adopters” as the dominant demographic in the cryptocurrency market.
In response to a request for opinion about the company’s announcement on June 8, which marked the achievement of 200 million registered users globally, Teng made the remark. This is the most users of any cryptocurrency exchange.
Eyeing 1 Billion Users
Moreover, the CEO said that the shifting crypto market conditions were to blame for the company’s “swift growth” (the number of users increased from 100M to 200M in just 26 months).
The CEO stated:
“This milestone isn’t merely a triumph for Binance. It’s also a sign of robust growth and maturity for the broader crypto sector. … It reflects a transition from ‘early adopters’ of crypto to the ‘early majority,’ indicating that more and more of the global population are warming up to crypto and its limitless possibilities.”
However, Binance is determined to continue working toward its goal of onboarding one billion users, so it will not be sitting on its achievements for long. Furthermore, according to Teng, “moving forward” at Binance, the team is committed to leading efforts to increase access to financial services and foster innovation.
Moreover, getting to one billion users is no joke. One in eight individuals on Earth will need to opt in, and the number of crypto owners would have to roughly double. However, Binance is poised to achieve the number through innovation and regulatory compliance globally.
Binance has extended its base and spread its market over the years with the inclusion of new listings and improvements. Also, the exchange has teamed up with related companies to enter new international markets.
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