Binance has achieved a significant milestone. The crypto exchange now boasts 200 million users and $100 billion in assets under custody. This marks a new era for the company. Even despite all kinds of legal hurdles.
CEO Changpeng Zhao announced the news on X (formerly Twitter).
Zhao emphasized Binance's growth trajectory. He once again wrote about company's commitment to security and compliance. This growth comes despite the ongoing regulatory scrutiny faced by the company worldwide. And Zhao's grim fate, by the way.
So Binance has faced challenges, including legal actions and regulatory hurdles. However, Zhao remains optimistic.
He reiterated the platform's focus on transparency and its efforts to align with global regulatory standards. These efforts are crucial for maintaining user trust.
The exchange has announced several measures to enhance security. It uses advanced technologies and collaborates with global law enforcement agencies. This might have something to do with Zhao prison sentence, obviously.
This way or the other, security remains a top priority for Binance, the officials claim.
Binance's user base has grown significantly over the years. The platform offers a wide range of services. This includes trading, staking, and other crypto-related activities. The user growth underscores Binance's position as a leading player in the crypto space.
The company's assets under custody reaching $100 billion is a testament to its credibility. This figure represents the total value of assets held by Binance on behalf of its users. It reflects user confidence and the platform's ability to manage large volumes of digital assets. This milestone is significant for Binance's financial standing.