Global digital asset exchange Binance has surpassed 322.5 million users worldwide nine years after its founding.

Binance said on Monday that total global digital asset users are estimated at about 700 million, and that about one in two users worldwide uses Binance.

Binance cited trading infrastructure for institutional investors and professional traders, a developer-focused open network and the expansion of its global community as drivers of its user growth.

Its institutional services include digital asset custody, over-the-counter (OTC) trading and dedicated account management. The company said this has created an environment that supports large-scale asset management and trading.

It is also expanding its developer ecosystem. Binance Developer Center provides development tools needed to build blockchain services, including application programming interfaces (API), software development kits (SDK) and WebSocket streams.

Its global community operates in about 40 countries, based on local languages. Binance said it shares regional market information and user feedback across about 100 channels, including more than 60 official Telegram groups organised by topic.

A Binance official said the digital asset industry has entered a stage where the ability to build a healthy ecosystem determines platform competitiveness, adding that it will create new possibilities in digital finance with users.