Binance CEO Richard Teng not too long ago informed Cointelegraph that the cryptocurrency trade has moved on from the “early adopter” period and has now entered the “early majority” period.
Teng’s assertion got here in response to Cointelegraph’s request for touch upon the corporate’s June 8 announcement that it had reached 200 million registered customers worldwide – probably the most of any cryptocurrency alternate.
“We’re honored and humbled to welcome 200 million registered customers and rising,” Teng wrote in an emailed remark, including that “this achievement epitomizes the belief that the crypto neighborhood and trade gamers proceed to have in Binance. ecosystem”.
The CEO attributed the corporate’s “speedy progress” (from 100 to 200 million customers in simply 26 months) to adjustments within the cryptocurrency trade panorama:
“This milestone is not only a triumph for Binance. It is also an indication of the sturdy progress and maturity of the broader crypto sector. … This displays the transition from cryptography’s ‘early adopters’ to the ‘first majority’, indicating that increasingly of the world’s inhabitants is warming as much as cryptography and its limitless potentialities.”
Nonetheless, Binance will not be resting on its laurels anytime quickly because it continues on its mission to attach one billion customers. “Transferring ahead,” Teng mentioned, “our focus at Binance stays on initiatives that promote monetary inclusion and innovation.”
The highway to at least one billion customers is not going to be straightforward. This might require practically doubling the variety of present cryptocurrency holders worldwide and signing up one in eight folks on the planet.
It should additionally require political help from world regulators, notably within the US, the place practically 50 million crypto holders — about 10% of the worldwide person base — stay in regulatory limbo because the SEC and comparable authorities companies evaluation the nation’s authorized stance on numerous elements of the cryptocurrency trade. .
The upcoming presidential election might doubtlessly shed some mild on issues, as presumptive Republican nominee Donald Trump not too long ago declared himself a crypto-president if elected.
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