While Binance reaches 200 million users, the CEO, Richard Teng, states that the adoption of crypto has moved from the “early adopters” to the “early majority”.
Summary
Binance: the CEO states that crypto adoption has now passed to the “early majority”
According to reports, Richard Teng, CEO of Binance, commented that crypto adoption has moved from the era of “early adopters” and has now entered the era of the “early majority”.
Specifically, this comment refers to the latest news from the crypto-exchange of having reached 200 million customers.
“Today we celebrate 200 million users, and all this thanks to you! Your support is the beating heart of our journey towards 1 billion users. Here are the protagonists of our story: you!”
On this subject, here are Teng’s words:
“We are deeply honored and humbled to have welcomed 200 million registered users and beyond. This achievement is an embodiment of the trust that the cryptocurrency community and industry operators continue to have in the Binance ecosystem. This milestone is not just a triumph for Binance. It is also a sign of robust growth and maturity for the broader cryptocurrency sector. … It reflects the transition from the ‘early adopters’ of cryptocurrencies to the ‘early majority’, indicating that an increasing number of people globally are approaching cryptocurrencies and their limitless possibilities”.
Binance: the goal is to reach 1 billion users with the increase in crypto adoption
Apparently, the 200 million users reached by the popular crypto-exchange Binance is, according to Teng, attributed to the changing landscape of the crypto sector. Specifically, the number of users increased from 100 to 200 million users in just 26 months.
This is why Binance has decided not to stop at this milestone, but to set itself the new mission of reaching one billion users, thanks to the increase in crypto adoption.
Teng continued to comment as follows:
“In the future, our attention at Binance remains focused on advancing initiatives that promote financial inclusion and innovation.”
Not only that, the CEO of Binance also refers to the regulatory situation that should become more open to the crypto sector.
The registration in India
When talking about crypto regulation, it is easy to think of the situation in the United States, which is still in limbo, perhaps waiting for the verdict of the 2024 Presidential elections.
However, speaking of the adoption of cryptocurrencies, there are other countries to consider, perhaps in terms of population.
In fact, recently, Binance e KuCoin have obtained the registration from the anti-money laundering authority of India, marking a step forward for the credibility of cryptocurrencies.
These two crypto-exchanges are the first offshore entities related to crypto to obtain registration in India.
