Binance, a prominent cryptocurrency exchange, has achieved a significant milestone, marking a first in the industry. With over 200 million registered users globally, Binance has reached a new height in just two years since hitting the 100 million user mark.
In a statement expressing his gratitude to the platform’s users, Binance CEO Richard Teng acknowledged the community’s role in this achievement, stating, “We have now reached 200 million Binance users, a milestone made possible by our incredible community. Thank you from the bottom of our hearts.” Teng also emphasized the continued journey towards reaching 1 billion users, urging the community to grow together.
Richard Teng, a respected industry expert from Singapore, took over as the head of global compliance efforts at Binance in 2021, succeeding Changpeng Zhao. Teng, who initially led Binance Singapore before being appointed as head of regional markets, brings a wealth of experience from his previous role as CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market.
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