Binance, the world’s leading cryptocurrency exchange, has officially surpassed 170 million global users, according to CEO Richard Teng. In a recent public statement, Teng expressed gratitude to the Binance community for their continued trust and support, highlighting the platform’s resilience and ongoing growth despite increasing competition and regulatory scrutiny.
This milestone reaffirms Binance’s dominant position in the digital asset ecosystem, even as industry analysts speculate about shifting market dynamics in 2025. While firms like VanEck have predicted that rivals such as OKX, Bybit, Coinbase, and Bitget may close the gap in spot trading volume, Binance continues to expand its user base and product offerings under new leadership.
Leadership Stability Amid Market Challenges
Under the guidance of CEO Richard Teng and co-founder Yi He—often referred to as the “Crypto Queen” in financial media—the exchange has maintained strong operational momentum. Despite past regulatory challenges, internal restructuring has strengthened governance and compliance frameworks, positioning Binance for long-term sustainability.
Teng’s strategic focus on innovation, user experience, and global accessibility has helped the platform retain its competitive edge. Meanwhile, Yi He’s influence behind the scenes has been instrumental in shaping Binance’s culture of resilience and customer-centric development.
“We’re not just building an exchange—we’re building a financial ecosystem for the next billion users.”
— Richard Teng, CEO of Binance
With this vision in mind, Binance continues to launch cutting-edge products that attract both retail and institutional investors.
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Launch of Sleepless AI (AI) via New Coin Mining Program
In a move that sparked significant market interest, Binance recently launched its 42nd New Coin Mining project: Sleepless AI (AI). Users can now mine the token using BNB, FDUSD, or TUSD—stablecoins and native assets within the Binance ecosystem.
The announcement led to a surge in BNB’s price, briefly pushing it toward the $300 mark, underscoring the strong correlation between platform innovations and asset performance. This event not only boosted investor confidence but also demonstrated the power of Binance’s integrated ecosystem, where new listings directly impact user engagement and token valuation.
Sleepless AI aims to bridge artificial intelligence and blockchain technology, offering decentralized AI inference solutions. Its integration into Binance’s mining program signals growing institutional interest in AI-driven Web3 applications.
Why Sleepless AI Matters
- Combines blockchain with real-world AI use cases
- Encourages decentralized computing contributions
- Offers early participation rewards through accessible mining
Such initiatives reflect Binance’s broader strategy: fostering innovation while providing users with diverse earning opportunities.
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Frequently Asked Questions (FAQ)
Q: How many users does Binance have in 2025?
A: As confirmed by CEO Richard Teng, Binance has surpassed 170 million global users in 2025, making it one of the largest digital asset platforms by user count.
Q: Is BNB price expected to reach $300 again?
A: While past performance doesn’t guarantee future results, catalysts like new product launches (e.g., Sleepless AI mining) and ecosystem expansion could drive renewed upward momentum for BNB.
Q: What is New Coin Mining on Binance?
A: It’s a feature allowing users to stake existing assets (like BNB or stablecoins) to mine newly launched tokens. It provides early access to innovative projects and incentivizes platform engagement.
Q: Who is Yi He in Binance?
A: Yi He is a co-founder of Binance and plays a key role in strategic operations. Known for her resilience during regulatory challenges, she remains a pivotal figure in the company's leadership.
Q: Can I participate in Sleepless AI mining without BNB?
A: Yes. Users can mine Sleepless AI using BNB, FDUSD, or TUSD, offering flexibility based on available holdings.
Q: Is Binance still the largest crypto exchange?
A: By total user base and ecosystem scale, yes. Although competition is intensifying in spot trading volume, Binance leads in overall market presence, product diversity, and global reach.
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Strategic Expansion Beyond Trading
Binance isn’t just growing its user numbers—it’s evolving into a full-stack Web3 infrastructure provider. From decentralized identity solutions to AI-integrated dApps and Layer-1 blockchain development (BNB Chain), the platform is investing heavily in technologies that will define the next era of digital finance.
This multi-layered approach helps insulate the business from market volatility while creating multiple revenue streams beyond transaction fees.
Moreover, educational initiatives like Binance Academy and localized support hubs continue to lower entry barriers for new users worldwide—especially in emerging markets across Africa, Southeast Asia, and Latin America.
The Road Ahead: Innovation and Trust
While some analysts question whether Binance can maintain its dominance amid rising competition, the data tells a different story. Over 170 million users represent more than just a number—they reflect widespread trust in the platform’s ability to deliver secure, scalable, and innovative services.
With continued focus on compliance, technological advancement, and user empowerment, Binance appears well-positioned to navigate future challenges.
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Final Thoughts
Binance’s journey from startup to global leader has been marked by rapid growth, controversy, adaptation, and reinvention. Now under steady leadership and clearer governance, the exchange is proving that sustainable success in crypto isn’t just about trading volume—it’s about building ecosystems that last.
As AI, DeFi, and blockchain converge, platforms like Binance will play a central role in shaping how people interact with money, data, and digital ownership worldwide.
And with over 170 million users already on board, the network effect is only getting stronger.