Binance targets 3 billion users by 2030 amid crypto market downturn, says executive
By
Olivier Acuna
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Summary
Binance aims to grow its active user base from 300 million to 3 billion by 2030, despite the crypto market facing a downturn and regulatory challenges. Catherine Chen, Binance's Head of VIP and Institutional, stated in a CoinDesk interview that while competitors like Coinbase are struggling or pivoting, Binance continues to build. She also noted that established crypto firms will merge with traditional finance, but neither Wall Street bankers nor corporate giants will take over the crypto industry.
Key quotes
· 2 pulledIt is true, the market is going through a hard time.
There is still some regulatory development, we are seeing some of our competitors either struggling or perhaps shifting their focus.
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