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](https://cdn.brief.news/images/stories/d5960c9b5eb14bcafbe3db9560d6e4523ec0dd667f659c6dce3a891d5fefc3c008a604210c233e13b9096376b438ebd0aac4f954698770d7b167a123e12d3e1e.png)
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.
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