- Binance CEO Richard Teng reports rapid user growth, surpassing 100 million new additions.
- Teng aims for 100 million more users in 2025.
- Crypto community growth linked to wider digital asset acceptance globally.
Binance CEO Richard Teng announced a significant increase in global cryptocurrency adoption, with users rising from 170 million to 275 million in just over a year.
This rapid growth highlights increasing global acceptance of digital assets, suggesting potential further expansion and institutional interest in the crypto sector.
Binance Expands User Base by 105 Million in 1.5 Years
Teng’s update on Binance’s expansion from 170 million to 275 million users in just over a year highlights unprecedented growth. This increase reflects not only a boost in user numbers but also a global acceptance of cryptocurrencies.
Immediate impacts include a strengthening of Binance’s market position and growing confidence in digital assets. Teng emphasized the goal of reaching an additional 100 million users by next year, linked to institutional interest and broader asset adoption.
The rapid adoption has caught the attention of industry leaders and governments. Teng attributes this to regulatory advancements and institutional support.
He noted the pro-crypto stance of the current U.S. administration as a pivotal factor.
Bitcoin Market Dominance Amidst Regulatory and Institutional Growth
Did you know? The global shift from 170 million to 275 million crypto users in just over a year at Binance illustrates the fastest growth rate the platform has seen, highlighting an acceleration unseen during earlier stages of cryptocurrency adoption.
According to CoinMarketCap, Bitcoin currently prices at $87,435.92 with a market cap of $1.75 trillion. It dominates 59.13% of the market despite a 1.60% price drop in the last 24 hours. Over the past 90 days, Bitcoin has decreased by 20.07%.
Coincu research highlights that regulatory clarity remains essential for sustaining this growth. Experts foresee technological advancements and institutional investments as catalysts for further adoption, supported by favorable policies.
Richard Teng, CEO, Binance, said: “Binance started 2024 with 170 million users. Today, we are 275 million users, so we’ve added more than 100 million users in the span of less than one and a half years.”
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |










