Binance, the world’s largest cryptocurrency exchange, has reached 150 million registered users on its platform. This new milestone comes as fresh air, especially as the exchange has faced global regulatory scrutiny in the past few months.

This announcement came from CEO Changpeng Zhao (CZ), who mentioned the feat alongside other advancements made by the company since the start of this week.

Binance Hits 150 Million Registered Users, CZ Announces

On Thursday, August 3, Zhao posted that the cryptocurrency exchange had reached 150 million registered users. This represents a 30 million increase in the exchange’s user base, which stood at 120 million in July 2022.

This achievement comes following Binance’s re-entry into Japan earlier this week. On Tuesday, August 1, the company disclosed that the newly-launched exchange will offer spot trading of 34 crypto assets, including Bitcoin, Ether, and its native BNB token.

In addition, Binance secured an operational minimum viable product (MVP) license in Dubai on July 31, 2023. This license officially permits the crypto exchange to operate and offer virtual asset broker-dealer services in the emirate.

With these developments, Binance continues to strengthen its position as the largest cryptocurrency exchange in the world. As of this writing, the exchange holds roughly 65% of the market share in spot trading volumes.

Source: The Block

An Overview Of Binance’s Regulatory Troubles In 2023 

These feats may be impressive, especially considering the regulatory challenges Binance has faced in recent months. A new report emerged on Wednesday, August 2, claiming that the U.S. Department of Justice (DOJ) has been exploring the possibility of bringing fraud charges against the cryptocurrency exchange.

According to the sources quoted in the report, the DOJ has only refrained from filing fraud charges aga

Go to Source to See Full Article
Author: Opeyemi Sule

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details