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They have around 100M registered users, so approximately 1 employee for every 100k users seems reasonable.

That figure seems implausibly high. 1 in 80 humans on Earth are not only participating in crypto but specifically have an account on Binance? It certainly cannot be the number of active users.

If its indeed true, the gap between onchain and offchain users is even more immense.

On chain, there are not more than 100k users across chains daily. Real users across all EVM chains is probably around 20k/day. Major airdrops like Optimism and Arbitrum went out to like 600k wallets (and most have multiple wallets). OpenSea has like a few thousand daily active users.

Which makes you wonder - all these billions in funding for serving just…100k real users? Because if its not onchain, it might as well be a database.

It has been reported that CZ had 300 accounts himself, so like most things in crypto the 100M number is to be taken with a grain of salt.

Yes, totally. They probably have tons of support, sales, etc. I'd imagine they have tons of contractors too with that many users. Makes sense now.

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