Tech
Binance reaches 200 million users with advanced user-centric technology
Binance, a renowned cryptocurrency exchange, has reached the threshold of 200 million registered users. This result is proof of the reliability, security and stability of the platform, based on user feedback.
The reason why Binance managed to register more than 30 million new users in the first six months of 2024 is because it focused on user innovation.
The expansion of the platform includes several services such as Binance Earn, Binance Pay and the world’s largest P2P marketplace. Additionally, Binance introduced several product innovations this year, including Spot Copy Trading, Mock Trading, and Portfolio Margin.
These features, previously available only to VIP users, are now accessible to all individual users. The improvements made to the Web3 Wallet infrastructure and new institutional products such as Triparty Banking were also fundamental.
Detail-oriented approach to continuous improvement
Binance’s commitment to improvement extends beyond major product launches. The company continually develops and delivers thousands of smaller product features and enhancements. These often overlooked updates are shared weekly across Binance social channels as part of the #BinanceBuild initiative.
Over the past year, Binance has received over 21,000 suggestions through its Product Feedback & Suggestions platform. Many of these have been turned into usable features, featured in Wednesday’s #BinanceBuild Spotlights.
Additionally, Friday’s Product Highlights demonstrate Binance’s proactive approach to refining its product suite.
The fact that Binance reached the 200 million mark is proof of its focus on users and innovation. By incorporating user feedback and paying attention to both significant changes and minor improvements, Binance maintains and even raises industry standards and improves user experience.
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