{"id":545886,"date":"2023-08-05T12:54:10","date_gmt":"2023-08-05T12:54:10","guid":{"rendered":"https:\/\/uniquehot.com\/?p=545886"},"modified":"2024-06-11T08:12:56","modified_gmt":"2024-06-11T08:12:56","slug":"binance-celebrates-significant-milestone","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/binance-coin\/binance-celebrates-significant-milestone\/","title":{"rendered":"Binance Celebrates Significant Milestone After Six Years In Operation"},"content":{"rendered":"

Binance, the world’s largest crypto exchange by trading volume<\/a>, has achieved another significant milestone. The firm, which recently turned six, keeps racking up several achievements despite the FUD that has surrounded it in recent times.\u00a0<\/span><\/p>\n

A Worthy Feat For Binance<\/h2>\n

The world\u2019s largest crypto exchange by daily trading volume has recently disclosed that its registered users now stand at a whopping 150 million. This was revealed in a <\/span>tweet<\/span><\/a> by its CEO, Changpeng \u201cCZ\u201d Zhao, on Thursday.\u00a0<\/span><\/p>\n

\n
Related Reading: Bitstamp Makes Highly Anticipated XRP Announcement, But Does It Live Up To The Hype?<\/a><\/div>\n<\/div>\n

In the tweet, CZ noted his company\u2019s milestone amidst growing regulatory scrutiny of its operations the world over. However, despite navigating through different challenges, Binance has managed to captivate the interest of several millions of users around the globe. So this is a testament to the platform\u2019s quality service delivery and amazing features.\u00a0<\/span><\/p>\n

Just over a year ago, in July 2022, the exchange\u2019s user <\/span>base<\/span> stood at about 120 million. The astonishing growth of 30 million users within the span of just 12 months tells of Binance\u2019s undeniable hold in the constantly evolving cryptocurrency ecosystem.\u00a0<\/span><\/p>\n

A cursory look at the platform’s traffic data for the last three months shows that the top five nations contributing to this spike are Vietnam, India, Russia, Turkey, and Argentina. The increased expansion across various diverse geographies demonstrates the heightened acceptance and penetration of digital currencies.\u00a0<\/span><\/p>\n

\"Binance<\/p>\n

BNB price trends at $241 as users base reaches new high | Source: BNBUSD on Tradingview.com<\/a><\/pre>\n
Navigating Regulatory Challenges<\/h2>\n
As expected, with growth comes challenges and Binance\u2019s journey has not always been all growth and triumph. The platform has been the subject of various legal challenges across diverse jurisdictions.\u00a0<\/span><\/p>\n
The exchange was recently charged<\/a> with \u201cwill evasion\u201d and fraud by the United States Securities and Exchange Commission (SEC) in June this year. In Europe<\/a>, Binance is under <\/span>probe<\/span> by French regulators who accused the platform of engaging in money laundering. It has also been ordered to <\/span>cease<\/span> rendering crypto services by Belgium\u2019s financial watchdog.\u00a0<\/span><\/p>\n
In China, the services of the platform are restricted and inaccessible to millions of users within the country. Binance has also <\/span>withdrawn<\/span> its license applications and <\/span>canceled<\/span> its registration bids in several countries.\u00a0<\/span><\/p>\n
\n
Related Reading: Crypto Trading Volumes Fall To Lowest Level In 2023 Amid Bear Market Woes<\/a><\/div>\n<\/div>\n
However, Binance has been able to make some gains in recent times. Earlier this month, it restored services in Japan, following the purchase of the local exchange Sakura Exchange BitCoin (SEBC)<\/a> in November 2022. It has also been given a license to render cryptocurrency services in Dubai.\u00a0<\/span><\/p>\n
All these hurdles make the latest milestone not only remarkable but testamentary. The road to 150 million registered users has been paved with various challenges, but Binance has so far emerged victorious and triumphant.\u00a0<\/span><\/p>\n
Featured image from Reuters, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Binance, the world’s largest crypto exchange by trading volume, has achieved another significant milestone. The firm, which recently turned six, keeps racking up several achievements despite the FUD that has surrounded it in recent times.\u00a0 A Worthy Feat For Binance The world\u2019s largest crypto exchange by daily trading volume has recently disclosed that its registered users now stand at a whopping 150 million. This was revealed in a tweet by its CEO, Changpeng \u201cCZ\u201d Zhao, on Thursday.\u00a0 Related Reading: Bitstamp Makes Highly Anticipated XRP Announcement, But Does It Live Up To The Hype? In the tweet, CZ noted his company\u2019s milestone amidst growing regulatory scrutiny of its operations the world over. However, despite navigating through different challenges, Binance has managed to captivate the interest of several millions of users around the globe. So this is a testament to the platform\u2019s quality service delivery and amazing features.\u00a0 Just over a year ago, in July 2022, the exchange\u2019s user base stood at about 120 million. The astonishing growth of 30 million users within the span of just 12 months tells of Binance\u2019s undeniable hold in the constantly evolving cryptocurrency ecosystem.\u00a0 A cursory look at the platform’s traffic data for the last three months shows that the top five nations contributing to this spike are Vietnam, India, Russia, Turkey, and Argentina. The increased expansion across various diverse geographies demonstrates the heightened acceptance and penetration of digital currencies.\u00a0 BNB price trends at $241 as users base reaches new high | Source: BNBUSD on Tradingview.com Navigating Regulatory Challenges As expected, with growth comes challenges and Binance\u2019s journey has not always been all growth and triumph. The platform has been the subject of various legal challenges across diverse jurisdictions.\u00a0 The exchange was recently charged with \u201cwill evasion\u201d and fraud by the United States Securities and Exchange Commission (SEC) in June this year. In Europe, Binance is under probe by French regulators who accused the platform of engaging in money laundering. It has also been ordered to cease rendering crypto services by Belgium\u2019s financial watchdog.\u00a0 In China, the services of the platform are restricted and inaccessible to millions of users within the country. Binance has also withdrawn its license applications and canceled its registration bids in several countries.\u00a0 Related Reading: Crypto Trading Volumes Fall To Lowest Level In 2023 Amid Bear Market Woes However, Binance has been able to make some gains in recent times. Earlier this month, it restored services in Japan, following the purchase of the local exchange Sakura Exchange BitCoin (SEBC) in November 2022. It has also been given a license to render cryptocurrency services in Dubai.\u00a0 All these hurdles make the latest milestone not only remarkable but testamentary. The road to 150 million registered users has been paved with various challenges, but Binance has so far emerged victorious and triumphant.\u00a0 Featured image from Reuters, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":545890,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83379],"tags":[10768,84195,13446,89041,12307],"class_list":["post-545886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance-coin","tag-binance","tag-binance-crypto-exchange","tag-binance-exchange","tag-binance-users","tag-crypto-exchange"],"acf":[],"yoast_head":"\nBinance Celebrates Significant Milestone After Six Years In Operation<\/title>\n<meta name=\"description\" content=\"Binance, the world's largest crypto exchange by trading volume, has achieved another significant milestone. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Celebrates Significant Milestone After Six Years In Operation","url":"http:\/\/uniquehot.com\/news\/binance-coin\/binance-celebrates-significant-milestone\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/binance-coin\/binance-celebrates-significant-milestone\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance-users.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance-users.jpeg?fit=4000%2C2776"},"articleSection":"Binance Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","binance crypto exchange","binance exchange","binance users","crypto exchange"],"dateCreated":"2023-08-05T12:54:10Z","datePublished":"2023-08-05T12:54:10Z","dateModified":"2024-06-11T08:12:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Celebrates Significant Milestone After Six Years In Operation\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/binance-coin\\\/binance-celebrates-significant-milestone\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/binance-coin\\\/binance-celebrates-significant-milestone\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Binance-users.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Binance-users.jpeg?fit=4000%2C2776\"},\"articleSection\":\"Binance Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"binance crypto exchange\",\"binance exchange\",\"binance users\",\"crypto exchange\"],\"dateCreated\":\"2023-08-05T12:54:10Z\",\"datePublished\":\"2023-08-05T12:54:10Z\",\"dateModified\":\"2024-06-11T08:12:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/08\/Binance-users.jpeg?fit=4000%2C2776","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545886"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=545886"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/545886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/545890"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=545886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=545886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=545886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}