Binance Hits 200 Million Users Amid Regulatory Hurdles; Aims for 1 Billion as Crypto Market Evolves

June 10, 2024
Binance Hits 200 Million Users Amid Regulatory Hurdles; Aims for 1 Billion as Crypto Market Evolves
  • Binance surpasses 200 million registered users, representing 36% of global crypto user base.

  • CEO Richard Teng highlights industry's shift towards early majority and emphasizes trust in Binance's ecosystem.

  • Binance aims to onboard one billion users despite facing global regulatory challenges.

  • The exchange reinstates crypto purchases via Mastercard and leads in liquidity among centralized exchanges.

  • Legal issues, including a record fine in the US and market exits in Europe, present challenges for Binance.

  • Ripple plans expansion in Georgia.

  • New tokens like VENOM and BFG TOKEN offer diversification opportunities for investors.

  • SNPAD and SEALANA gain traction, with SEALANA's presale surpassing $3 million by leveraging humor and meme culture.

  • Stay updated on developments by joining the InsideBitcoins Telegram channel.

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