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Binance has reached an incredible milestone, processing over $100 trillion in crypto trades since its launch in 2017. CEO Richard Teng announced this achievement on Sept. 24, emphasizing the platform’s dominance in the crypto industry. This figure is twice the market capitalization of the US stock market, reinforcing Binance’s status as the world’s largest crypto exchange by trading volume, currently controlling more than 50% of the market, according to data from Kaiko.
Despite legal challenges and regulatory scrutiny, Binance has consistently expanded, with over 200 million registered users and over $100 billion in assets under custody. Richard Teng has pledged a renewed focus on compliance, promising a new era for Binance.
The platform remains committed to serving its global user base, with co-founder Yi He highlighting their vision to make blockchain technology accessible to everyone. Binance’s growth shows that it continues to be a leading force in the evolving crypto landscape.
