Binance, the world’s leading cryptocurrency exchange, is celebrating its 6th anniversary marking six years of growth, innovation, and community-driven success.
“Six years ago, with your support, Binance raised $15M equivalent in crypto and started our journey as a crypto-to-crypto exchange. Two weeks later (6 years ago today), we launched Binance exchange with 5 tokens in 2 languages. We had to borrow a customer support team from my friend’s company, and we had no marketing team,” said CEO, Changpeng Zhao (CZ), in a post.
In the post, Zhao adds that users trooped to the platform because the company took difficult decisions to always protect users. While still an unprofitable startup in 2017, China banned crypto exchanges and ICOs sending tokens crumbling.
Zhao says he took the decision to spend $6 million of personal funds to protect users investments.
“Our actions received an overwhelmingly positive response from the global crypto community. Many users across the globe flocked to us. A month later, we reached 120k users and began to turn a profit.”
Zhao took the opportunity to highlight some impressive statistics that underscore Binance’s remarkable journey:
- Global User Base: Binance has provided financial access to more than 140 million people worldwide.
- Token Listings: Over the years, Binance has become the go-to platform for crypto enthusiasts seeking a diverse range of digital assets. From its humble beginnings with five listed tokens, Binance has expanded its offering to support a staggering 600+ tokens. This expansive selection caters to the diverse needs and investment preferences of its vast user base.
- Multi-lingual Support: From the early days of launching with two languages, the platform has now expanded its reach to more than 40 languages. This broad linguistic support ensures that users from around the world can access Binance’s services and engage with the platform in their preferred language.
- Customer Support Team: With thousands of employees dedicated to customer support, the platform has built a robust team to assist users with their inquiries, ensuring a seamless user experience.
- Proactive Compliance: Binance has made significant strides in the regulatory space, with licenses and registrations across 17 countries. These proactive compliance efforts demonstrate Binance’s commitment to operating within regulatory frameworks and fostering a secure and trustworthy environment for its users.
- Market Dominance: Binance has established itself as the world’s largest crypto exchange by trading volume. This achievement, which was first attained on December 18, 2017, continues to be maintained, solidifying Binance’s position as a leader in the industry.
As Binance looks toward the future, it anticipates significant trends that will reshape the industry. The entrance of traditional finance players into the crypto space, the continued rise of decentralized finance (DeFi), and progress in regulatory clarity signify the era ahead.
Binance says it will be staying at the forefront of these developments, collaborating with regulators, and working hand in hand with its community to advance the future of digital assets.
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