Binance, the world's largest cryptocurrency exchange, recently surpassed 250 million users, continuing to expand its influence in the crypto world. This achievement highlights the platform's ambitious goals of onboarding 1 billion users.
Binance Reaches 250 Million Users
Binance CEO Richard Teng expressed his excitement over this achievement in a post on X, thanking the Binance community for contributing to this milestone and emphasizing it as an important step towards the goal of onboarding 1 billion users. 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.'
Binance's Success Post-Challenges
2024 was a year of significant progress for Binance, with recorded $22.6 billion in user deposits, more than the combined total of the next 10 largest crypto exchanges. Binance also became the first centralized platform to reach $100 trillion in trading volume. This success comes despite the challenges of late 2023, when the company faced a hefty $4.3 billion fine from the U.S. government and the departure of former founder Changpeng Zhao from the CEO position.
New Trading Options for Binance Users
To further expand its offerings, Binance 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 the platform's growing user base.
Binance continues to demonstrate strong growth, overcoming challenges and implementing new initiatives for users, placing it among the most progressive platforms in the market.
