The Binance platform, the largest cryptocurrency trading platform globally, has witnessed significant developments recently. In 2024, Binance announced that it successfully prevented losses amounting to $2.4 billion from potential fraud, protecting over 1.2 million users, thanks to an advanced risk management system that combines artificial intelligence and manual reviews. The security team also recovered or froze over $73 million of users' funds stolen from external hacks by July 2024, surpassing the total of the previous year.

In 2025, Binance launched new projects and services, including Binance Alpha, a service for trading small coins that may be listed in the future, enhancing investment opportunities. The platform also listed new coins such as AIXBT, CGPT, and COOKIE, focusing on artificial intelligence coins and Memecoins. It announced the Space and Time (SXT) project on Binance Launchpool, a blockchain supported by Microsoft that focuses on privacy using ZK-Proofs technology.

On the compliance front, Binance received 63,000 inquiries from law enforcement in 2024, compared to 58,000 in 2023, prompting it to increase spending on compliance and hire 1,000 new employees, focusing on regulatory compliance. The platform also faced criticism regarding sudden changes in trading rules, such as leverage adjustments, which affected some traders.

Binance continues to strengthen its position through innovation and compliance, amid ongoing regulatory challenges #binance