In 2024, Binance achieved strong financial performance, solidifying its position as the largest cryptocurrency exchange globally.
📊 Revenue and Profits
Revenue: Binance's revenue reached approximately $16.8 billion in 2024, a 40% increase compared to 2023.
Net Profits: Net profits were estimated at around $4.5 billion, despite regulatory challenges and market fluctuations.
💼 Main Income Sources
Binance derives its revenue from several sources, the most notable of which are:
Trading Fees: Account for about 80% of total revenue.
Futures Trading: Contributed approximately $3.2 billion to revenues.
Binance Earn Services: Generated around $500 million through products like staking and saving.
NFT Trading Fees: Added about $150 million.
Binance Pay Service: Achieved around $100 million in transaction fees.
🌐 User and Asset Growth
Number of Users: The number of registered users on the platform exceeded 250 million by the end of 2024, a 47% increase from the previous year.
Assets Under Custody: The value of managed assets reached over $160 billion.
Cumulative Trading Volume: Reached $100 trillion since the platform's inception.
🛡️ Compliance and Investment in Regulation
Binance invested hundreds of millions of dollars to enhance compliance.