Binance Users Reach 150M

According crypto exchange Binance CEO Changpeng Zhao's tweet, Binance has achieved several key milestones, reflecting its ongoing commitment to expansion and innovation.

Binance announced that it has hit the 150 million registered users mark. This milestone underscores the platform's growing popularity and reach in the global cryptocurrency community. In July 2022, Binance revealed that its registered user count had surpassed 120 million, meaning that the exchange has seen a growth of 30 million users within the past year.

Binance officially launched its operations in Japan, marking a strategic move into one of the most prominent cryptocurrency markets in the world. The launch date and specific details of the services offered to Japanese users have not been disclosed at this time.

In a first-of-its-kind achievement, Binance secured an Operational Minimum Viable Product (MVP) License in Dubai. This makes Binance the first exchange in the world to obtain this particular license. The license was granted this week, although the exact date and the implications of this license for Binance's operations in the region remain to be clarified.

Binance introduced two new Launchpools this week, featuring $CYBER and $SEI. Launchpools allow users to stake their tokens to earn new ones, and these additions represent the latest in a series of such offerings by the exchange. The specific details of the staking requirements and rewards for these new Launchpools have not been provided.

Binance's History and Leadership

Founded in 2017 in China, Binance moved its servers and headquarters out of the country in advance of the Chinese government's ban on cryptocurrency trading in September 2017. The company's growth has been meteoric.

In 2022, new estimates claimed that the CEO of Binance, Changpeng Zhao, is the world's richest crypto billionaire. His net worth is said to rival the sums amassed by tech billionaires such as Elon Musk, Jeff Bezos, Bill Gates, and Mark Zuckerberg.