🚀 Binance’s scale and earnings

  • In 2024, Binance reportedly earned US$16.8 billion in revenue, marking a ~40% increase over the previous year.

  • Although net income for 2024 was about US$464 million (slightly down ~7% year-over-year), the revenue growth shows robust business activity.

🌍 User base & global reach

  • By June 2025, Binance had more than 280 million registered users globally.

  • The platform supports a very large ecosystem — hundreds of cryptocurrencies, thousands of trading pairs — making it one of the most comprehensive crypto exchanges worldwide.

🔄 Trading volume & market share

  • As of June 2025, Binance captured about 41.1% of global spot trading volume, underscoring its dominance in crypto-asset trading.

  • In Q1 2025, research shows Binance processed roughly US$8.39 trillion in trades, representing more than one-third of global crypto trading activity.

  • Even when many competitors saw declines, Binance posted strong net inflows in Q3 2025, illustrating continuing investor confidence.

🏛️ Expanding services and institutional push

  • Binance recently launched a new service, Binance Prestige, targeting private-wealth and institutional clients — a sign that it’s broadening beyond retail trading.

  • Alongside its exchange business, Binance continues to operate a whole ecosystem: exchange, staking, wallets, research, NFTs, and more — giving it a versatile presence in the crypto world.

🔎 What It Means: Why Binance Still Leads — and What to Watch

Why Binance leads:

  • Huge user base + deep liquidity = lower spreads and more efficient trading, which attract both retail and institutional traders.

  • Diverse product offerings beyond spot trading (derivatives, staking, wallets, etc.) — makes it a one-stop ecosystem for crypto users.

  • Continuous inflows and high trading volumes signal strong trust and confidence from global users/investors.

Risks and what to watch:

  • Despite growth in revenue, net profits saw modest decline in 2024 — this could be due to increased costs, regulatory compliance, or market volatility.

  • As Binance expands into institutional services, regulatory scrutiny and compliance demands may increase — especially from jurisdictions wary of crypto.

  • The crypto market remains volatile; large swings in token prices or global macroeconomic events could impact trading activity and revenues.

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