"Binance Surpasses 200 Million Users and Aims for a Billion, Despite Legal Issues"

• Binance celebrates 200 million global users, aiming for 1 billion.
• Self-reported figures show rapid user growth, from 130M in 2022 to 200M in 2024.
• Binance on track to reach 300 million users by 2026.
• Accounts for 36% of global cryptocurrency user base.
• Reached $100 billion in user assets under custody.
• Founder CZ serving time on fraud charges, company operations continue smoothly.

Summary :
Binance, the world's largest cryptocurrency exchange, announced that it has reached 200 million global users. This milestone was celebrated on social media as part of the company's goal to onboard a billion users. While these figures are self-reported, Binance's rapid growth is evident. In just six months, the exchange added 30 million users, putting it on track to reach 300 million users by 2026. Binance's user base accounts for approximately 36% of the global cryptocurrency user base, which reached 562 million people in 2024. Additionally, Binance recently achieved another record by reaching $100 billion in user assets under custody. Despite legal issues involving its founder and former CEO, Binance has emerged relatively unscathed. The founder, Changpeng Zhao, is currently serving a prison sentence for fraud charges.

Sources :

- CoinTelegraph