2277395960#BinanceShows Dominance in the Crypto World with 200 Million Users, Steady

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Cryptoharian – One of the largest crypto exchanges in the world, namely Binance, has announced a major achievement. From the X Binance account upload, currently the company founded by Changpeng 'CZ' Zhao has reached 200 million global users as of June 8.

In an enthusiastic tweet, Binance marked the occasion by thanking its users.

“Today, we celebrate 200 million users and it's all thanks to you! Your support is at the heart of our journey to 1 billion users. You are the star of our journey!," wrote Binance.

Meanwhile, according to cointelegraph.com, this achievement is part of Binance's ambitious goal to reach one billion users. This means that one in eight people on earth will use their platform.

Binance's user base has experienced rapid growth over the past few years. As of 2022, the exchange has around 130 million users. Then by the end of 2023, this number had increased to 170 million, with 40 million new users joining within the year.

Entering 2024, the first half of Binance will add at least 30 million more users. Experts also predict that this company has the potential to reach 300 million users by 2026, if current trends continue.

Also Read: BNB and ORDI Show Overbought Signals and Potential for Correction

Apart from that, the global crypto market is also experiencing significant expansion. According to research from Triple-A, the global crypto consumer install base reached 562 million people in 2024, up from 420 million in 2023. Binance's 200 million users represent about 36 percent of the total global crypto user base.