{"id":545886,"date":"2023-08-05T12:54:10","date_gmt":"2023-08-05T12:54:10","guid":{"rendered":"https:\/\/wncen.com\/?p=545886"},"modified":"2024-06-11T08:12:56","modified_gmt":"2024-06-11T08:12:56","slug":"binance-celebrates-significant-milestone","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin\/binance-celebrates-significant-milestone\/","title":{"rendered":"Binance Celebrates Significant Milestone After Six Years In Operation"},"content":{"rendered":"
Binance, the world’s largest crypto exchange by trading volume<\/a>, has achieved another significant milestone. The firm, which recently turned six, keeps racking up several achievements despite the FUD that has surrounded it in recent times.\u00a0<\/span><\/p>\n The world\u2019s largest crypto exchange by daily trading volume has recently disclosed that its registered users now stand at a whopping 150 million. This was revealed in a <\/span>tweet<\/span><\/a> by its CEO, Changpeng \u201cCZ\u201d Zhao, on Thursday.\u00a0<\/span><\/p>\n In the tweet, CZ noted his company\u2019s milestone amidst growing regulatory scrutiny of its operations the world over. However, despite navigating through different challenges, Binance has managed to captivate the interest of several millions of users around the globe. So this is a testament to the platform\u2019s quality service delivery and amazing features.\u00a0<\/span><\/p>\n Just over a year ago, in July 2022, the exchange\u2019s user <\/span>base<\/span> stood at about 120 million. The astonishing growth of 30 million users within the span of just 12 months tells of Binance\u2019s undeniable hold in the constantly evolving cryptocurrency ecosystem.\u00a0<\/span><\/p>\n A cursory look at the platform’s traffic data for the last three months shows that the top five nations contributing to this spike are Vietnam, India, Russia, Turkey, and Argentina. The increased expansion across various diverse geographies demonstrates the heightened acceptance and penetration of digital currencies.\u00a0<\/span><\/p>\n <\/p>\n As expected, with growth comes challenges and Binance\u2019s journey has not always been all growth and triumph. The platform has been the subject of various legal challenges across diverse jurisdictions.\u00a0<\/span><\/p>\n The exchange was recently charged<\/a> with \u201cwill evasion\u201d and fraud by the United States Securities and Exchange Commission (SEC) in June this year. In Europe<\/a>, Binance is under <\/span>probe<\/span> by French regulators who accused the platform of engaging in money laundering. It has also been ordered to <\/span>cease<\/span> rendering crypto services by Belgium\u2019s financial watchdog.\u00a0<\/span><\/p>\n In China, the services of the platform are restricted and inaccessible to millions of users within the country. Binance has also <\/span>withdrawn<\/span> its license applications and <\/span>canceled<\/span> its registration bids in several countries.\u00a0<\/span><\/p>\nA Worthy Feat For Binance<\/h2>\n
BNB price trends at $241 as users base reaches new high | Source: BNBUSD on Tradingview.com<\/a><\/pre>\n
Navigating Regulatory Challenges<\/h2>\n