March 29, 2024

Changpeng Zhao Reveals Binance Ecosystem Metrics to Celebrate Binance's 5th Anniversary

Changpeng Zhao Reveals Binance Ecosystem Metrics to Celebrate Binance's 5th Anniversary

In the five years since its founding, Binance's user base has grown to 120 million people, and the supportedThe BNB Chain network has processed over 2.4 billion transactions since 2020. This was told by the head of the cryptocurrency exchange Changpeng Zhao.

Binance began serving clients in July 2017. According to Zhao, during this period the platform “exceeded his wildest expectations.” 

The head of the exchange noted that its staff has grown by more than 200 times, and more than 1,200 projects are now working on BNB Chain. He shared other indicators of the ecosystem:

  • Binance has issued over 1.7 million crypto cards in the European region. The volume of plastic payments exceeded $2 billion;
  • about 17 million transactions with a total volume of $12 billion were carried out through the Binance Pay payment system;
  • the number of weekly users of the Binance NFT marketplace reached 600,000. The volume of transactions within the IGO was $1 billion;
  • From January to June 2022, the number of active users of Binance Earn increased from 3.7 million to 4.9 million.

Zhao also said that the company raised more than 2.88 million BTC (~$52.24 billion) for charity. 1.8 million people became beneficiaries of the relevant programs. 

The head of Binance noted that in the next five yearsthe exchange will focus on creating and developing products that “deliver tangible benefits to people.” He added that the company will cooperate with regulators and help other industry players.

Recall, according to Zhao, Binance intends to help industry participants who experience a “slight liquidity shortage”, and is in talks with more than 50 companies.

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