- Binance surpasses 200 million users, solidifying its leading position in the crypto world.
- Binance leads the Q2 2024 liquidity rankings, driven by Mastercard’s crypto purchase integration.
A billion-dollar penalties, legal battles, regulatory crackdowns, and even the founder’s imprisonment have all been part of Binance’s incredible two-year adventure. The exchange, though, is unaffected by the turmoil and controversy and keeps growing and reaching significant milestones.
Today, we celebrate 200 million – and it's all because of YOU!
Your support is the heartbeat of our journey to 1 billion users.
Here's to the stars of our story – you!#Binance200M #Binancian #Binance pic.twitter.com/3cWTEHxg7j
— Binance (@binance) June 8, 2024
Binance’s Major MilestoneÂ
Declaring on Saturday, June 8, that it had reached 200 million users, Binance cemented its position as the biggest cryptocurrency exchange globally. With this achievement, no other exchange even approaches challenging its supremacy. second-biggest exchange, Bybit, lists just 27 million users.
Framing the 200 million user milestone as a major step toward its goal of enrolling a billion users—or one in every eight people on Earth—Binance hailed its accomplishment throughout its social media platforms.
Approaching Seventh Anniversary
Just before Binance celebrates its seventh anniversary in July, this achievement is made. Getting 200 million unique users is a big achievement for the exchange, which by 2023 had only 130 million users.
Even with the turmoil over the last two years, the cryptocurrency exchange has grown and attracted 70 million members, proving incredible tenacity.
With current rate of growth, Binance may have 300 million users by 2026. Remarkably, Triple-A data indicates that the exchange now accounts for almost 36% of the total cryptocurrency user population, which is expected to reach 562 million in 2024.
Market Data and Liquidity Leadership
Meanwhile, the price of BNB was at $674.93, down 1.00% over the previous 24 hours, according to CoinMarketCap data. Still, with an 11.88% rise over the previous seven days, it indicates a bullish position.
Before, ETHNews reported that Binance had the greatest trading volume and market depth in the liquidity rankings for Q2 2024.