Summary: Binance has managed to hit an amazing and absolutely brilliant milestone with 250 million users, making massive waves and registered itself as the first and foremost crypto exchange to surpass $100 trillion in lifetime trading volume. Now, it’s aiming to onboard a billion users, all while bouncing back from tough regulatory challenges.
Quarter Billion and Counting
Binance is really showing off its crypto dominance, celebrating a user base of 250 million and a record $100 trillion in lifetime trading volume. CEO Richard Teng hyped it up on X, calling this milestone a step closer to their billion-user dream. With $22.6 billion in deposits this year alone—beating its top 10 competitors combined—Binance isn’t just winning; it’s crushing.
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Bouncing Back Like a Boss
The road wasn’t easy. From a $4.3 billion fine in the U.S. to regulatory heat in Nigeria and India, Binance had its share of battles. Founder CZ even spent time in jail before handing the reins to Teng, who’s now operating and managing the ship as it reaches its calm position. Key approvals, like India’s FIU nod, show Binance’s comeback game is strong.
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Eyeing That Billion
Teng isn’t shy about big goals. With a sharpened focus on compliance and user trust, Binance is transforming from a “crypto kid” to a global powerhouse. At this pace, hitting a billion users by 2025 feels less like a dream and more like destiny.