- Binance surpasses 275 million users, closing in on global giants like Netflix.
- 80 million users joined Binance in 2024 alone, reflecting rapid crypto adoption.
- Strategic partnerships and advisory roles position Binance as a global crypto leader.
Binance, the world’s largest cryptocurrency exchange, has reached 275 million users worldwide. That number is just a little lower than the user count Netflix has across the globe. Even though streaming has become popular, cryptocurrency is not there yet, and this makes Binance’s progress even more impressive.
80 Million New Users Join Binance in 2024
It took less than eight years for Binance to evolve from a concept to a major financial platform around the globe. Companies usually spend decades achieving these achievements, and even fewer manage it when using a different type of money. Traditional platforms like PayPal got better by expanding on their previous services. Binance, unlike many others, came up with an entirely new solution.
Binance added 80 million users in the period from January 2024. It adds up to 156,000 new people every day, which is almost two people per second. This fast expansion reflects the increasing popularity of crypto as well as people’s faith in the business.
PayPal gives us a useful way to compare this milestone. PayPal reached over 275 million users by early 2019, which took almost two decades to achieve. The achievement came in digital payments, where most of the success was achieved in developed countries such as the United States. PayPal made it simpler for people to transfer traditional currencies.
People were expected to consider alternatives to banks, national borders, and regular currencies when using cryptocurrencies. It wasn’t just a matter of speeding up the process; it also centered on how money could be used. Binance also expanded into nations where most of the population lacks access to financial services. For a lot of users, Binance gave them access to the world’s financial markets for the first time.
Moreover, With Binance Pay, the company is helping people use crypto regularly. In this month, Binance Pay joined the Brazilian payment system, Pix. Now, residents in Brazil can pay in real-time with crypto which gets converted to Brazilian currency right away. So, you can use it easily, without any technical difficulties.
Binance Expands Financial Access With Global Partnerships
Most importantly, Binance Pay has shown how useful it can be in challenging scenarios. Last year, it facilitated the funding of an emergency medical situation that happened in France and Algeria. Rapid aid was sent during Brazilian floods in Rio Grande do Sul even quicker than the traditional methods allowed. These stories prove that crypto isn’t just about money — it can also be very important to people’s lives.
The company is working on forming global partnerships that help the growth of crypto in the right way. The organization signed an agreement with Kyrgyzstan’s government to assist in developing digital assets. There are some countries that Binance is advising about making crypto laws and starting their own Bitcoin reserves.
Overall, Binance’s quick growth to more than 275 million users proves to be an important milestone for financial technology. It is different from old-style platforms since it introduced a fresh type of money and has become popular around the world in just under a decade. This growth points to more people using cryptocurrency, as well as Binance’s special part in making financial services easier and more accessible in the future.
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