The Active User Impact on Binance
Binance, one of the world's largest cryptocurrency exchanges, boasts an impressive 30 million active users. This substantial user base, comprising 48% hobbyist crypto traders, significantly contributes to the platform's remarkable trading volume, which reaches $10 billion in just 24 hours.
A closer look at the demographic breakdown of Binance's active users reveals interesting insights:
Age: The average age of Binance users is 35 years old, with 15% of traders between 18 and 34 years old, and 11% between 35 and 64 years old.
Gender: Men dominate the platform, making up more than 90% of Binance users, while female users account for around 10%.
Location: Turkey leads the way in Binance usage, accounting for 6.40% of the platform's overall traffic, followed closely by Russia, Brazil, Korea, and the Philippines.
These active users play a vital role in driving Binance's revenue, which reached a staggering $20 billion in 2021. The platform's popularity can be attributed to its vast selection of altcoins, user-friendly interface, and competitive fees. As the cryptocurrency market continues to evolve, Binance's active user base will likely remain a key factor in its success.
