In 2024, Binance's customer base grew by over 30 million, pushing user assets beyond the landmark figure of $100 billion.

Cryptocurrency exchange Binance Reportedly, Binance has attracted around 30 million new users to its trading platform in just this year. As the year unfolded, daily visits to Binance have notably doubled, highlighting increased engagement.

Furthermore, Binance has experienced a remarkable influx of cryptocurrency assets, achieving a record breaking $100 billion in customer holdings for the first time. This influx has also been reflected in their spot trading volume, which skyrocketed by 121% to reach $1.12 trillion by March, marking the highest levels since May 2021. Likewise, derivatives trading volumes surged by 89.7%, hitting $2.91 trillion, also at their peak since May 2021. trading In a recent blog article about cryptocurrency adoption throughout 2024, Binance outlined some significant advancements. One notable trend is the rising number of businesses accepting digital currencies for direct payments. Data from BTC Map shows that vendors allowing cryptocurrency transactions have increased from 7,731 in October 2022 to 10,952 by April 2024, reflecting a remarkable 42% growth in under two years. This trend underscores a growing acceptance and integration of cryptocurrencies.

Additionally, the expansion of cryptocurrency ATMs was highlighted as another critical advancement. The worldwide market for these ATMs grew from $115 million in 2022 to $181 million in 2023, indicating a substantial 64% rise in just one year.

Moreover, Binance pointed out the significant adoption of stablecoins, which have now overtaken all other types of cryptocurrencies in terms of transaction volume. The trend shows an increase in fiat purchases of stablecoins over the past year, particularly in nations facing steep devaluations of their currencies and others subjected to strict capital controls.

In June, Binance has surpassed the incredible milestone of 200 million registered users, demonstrating its ambitious plans for future growth. stablecoins Recognized as a leading player in the cryptocurrency exchange field, Binance facilitates trades across more than 350 cryptocurrencies and digital tokens, offering competitive transaction fees and high liquidity for its users.

This month, Binance reached the remarkable feat of registering over 200 million users, nearly seven years since it first launched its platform. Richard Teng, the CEO, emphasized that this achievement showcases the rapid uptake of cryptocurrencies, with aspirations to eventually reach a billion users.

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Alisa, a passionate journalist for Cryptocurrencylistings, specializes in the domains of cryptocurrency, zero-knowledge proofs, and investments, as well as the broader Web3 landscape. Her insightful coverage on emerging trends and technologies keeps readers well-informed and engaged in the fast-paced digital finance arena.