#binanceturn8years Binance is about to celebrate its 8th anniversary on July 14, 2025. To understand how Binance has evolved over the years, let's look at some key milestones ¹:
- *Founding and Early Years*: Binance was founded in 2017 by Changpeng Zhao and Yi He. Initially based in China, the company quickly moved its servers and headquarters out of the country due to the government's ban on cryptocurrency trading.
- *Growth and Expansion*: Binance experienced rapid growth, becoming one of the largest cryptocurrency exchanges in the world. It expanded its services to include trading, investing, staking, and blockchain-based solutions, reaching 250 million registered users in 2024.
- *Regulatory Challenges*: Despite facing regulatory hurdles and challenges from authorities worldwide, Binance has continued to innovate and adapt. The company has obtained licenses and registrations in 18 jurisdictions and has a strong focus on compliance and security.
- *Innovation and Adoption*: Binance has driven mainstream crypto adoption, with its Binance Academy educating 43.6 million learners and its community initiatives promoting blockchain awareness. The company has also processed over $100 trillion in trading volume and has a SAFU fund exceeding $1 billion to protect user assets.
Some notable achievements of Binance include ² ³:
- *Record-Breaking Trading Volumes*: Binance processed a record 4.44 million requests per second in 2024, showcasing its scalability and speed.
- *Security Measures*: Binance prevented $4.2 billion in potential user losses and recovered $88 million in stolen or misplaced funds in 2024.
- *Community and Charity*: Binance Charity delivered over $6.9 million in aid to 72,000 people affected by natural disasters and funded initiatives like the Women in Technology Academy.
As Binance enters its eighth year, the company is poised to lead the digital-asset sector into its next stage of development, focusing on user-centricity, innovation, and compliance ¹.