Throughout the year, Binance broke records, achieved milestones, and continued shaping the future of digital finance. From exceeding $160 billion in user assets under custody to reaching a cumulative historical trading volume of $100 trillion, Binance showcased the trust placed in it by users worldwide. This trust extended beyond trading, with Binance leading on compliance, social platforms, and community initiatives that cemented its role as the world’s trusted guide into the world of crypto and Web3. Read our full end-of-year report to learn more fascinating facts and figures that describe Binance's 2024.

Driving Adoption: A Quarter of a Billion Users

Perhaps the most extraordinary milestone we reached in 2024 came at the very end of the year as we surpassed 250 million registered users. This quarter of a billion crypto adopters, a significant step toward the billion users we pledged to onboard, underscored the platform’s unmatched momentum this year. Notably, we added 50 million users in less than six months, having celebrated the 200-million mark in June 2024.

This incredible growth wasn’t limited to retail users. Institutional participation soared, with Binance doubling its VIP user base and nearly doubling the number of registered institutional users. With features like Binance Wealth and upgraded Banking Triparty service, Binance became the go-to gateway for institutions exploring the transformative potential of crypto. As institutions drive the next wave of adoption, their growing presence on Binance reinforces the platform’s pivotal role in bridging traditional finance and Web3.

Compliance and Security: Setting the Gold Standard

In 2024, we doubled down on our commitment to strengthening compliance and security, investing hundreds of millions of dollars in these key programs. Binance’s in-house compliance team grew to 650 experts, enabling us to secure regulatory authorizations in 21 jurisdictions – more than any other global crypto platform.

Binance’s proactive approach to combating scams and fraud set a new benchmark for the industry. We prevented $4.2 billion in potential user losses, protecting 2.8 million users from malicious actors. Additionally, $88 million in stolen or misplaced funds was recovered, underscoring Binance’s effectiveness in safeguarding user assets throughout the crypto ecosystem.

Strengthening collaborations with global law enforcement, our teams responded to nearly 65,000 requests and trained over 1,300 investigators from 80 countries. Initiatives like the Risk Sniper channel educated users about fraud, while enhanced risk management tools screened and removed high-risk posts on Binance Square, ensuring a safer ecosystem for all.

Expanding Access and Utility

Binance’s mission to increase the freedom of money powered our efforts to expand financial access and utility. The active user base for Binance Pay grew by an extraordinary 226%, while fiat-to-crypto channels expanded to 20 new countries, bringing seamless financial tools to millions.

Binance Earn saw total value locked grow by 144%, with products like BNSOL and Fixed-Rate Loans providing users with new ways to maximize their crypto holdings. The introduction of On-Chain Yields simplified access to decentralized finance, allowing users to participate in protocols directly through Binance accounts. These advancements demonstrate Binance’s commitment to empowering users while ensuring the platform’s relevance in the fast-moving Web3 landscape.
Unmatched Trading Volumes and Platform Robustness

Binance’s trading ecosystem continued to set new benchmarks in 2024. The platform processed a record 4.44 million requests per second, showcasing its unmatched scalability and speed. Trading volumes surged across Spot, Futures, and Margin products, with the introduction of innovative features like Spot Copy Trading and BFUSD driving user engagement.

Spot Copy Trading simplified market entry for newcomers while creating revenue streams for experienced traders. The launch of BFUSD, a unique reward-bearing margin asset, highlighted Binance’s ability to innovate within the trading space, offering users both utility and incentives. With enhanced liquidity and risk management systems, we ensured an excellent trading experience for retail and institutional traders alike.
Community, Charity, and Education: Strengthening the Ecosystem

Binance’s community-focused efforts reached new heights in 2024. Binance Academy educated 44 million learners, a 63% increase from the previous year, with expanded course offerings and partnerships with global institutions. Binance Charity delivered over $6.9 million in aid, helping 72,000 people affected by natural disasters and funding long-term initiatives like the Women in Technology Academy.

Binance Square emerged as the fastest-growing crypto social platform, connecting 35 million monthly active users. The Write to Earn program empowered content creators, while partnerships with global icons like Cristiano Ronaldo and the Alpine F1 team drove crypto adoption in popular culture.

Entering 2025 with Strength

2024 was a transformative year for Binance and the crypto industry at large. By achieving milestones like 250 million registered users, facilitating record trading volumes, and strengthening compliance measures, we have not only solidified our leadership but also paved the way for a more inclusive and secure financial future for millions of people. We enter 2025 with vigorous momentum, ready to continue driving innovation and adoption in the crypto space, further bridging traditional finance with the emerging world of Web3.