1. Total Revenue reached approximately $16.8 billion, showing a 40% increase from the previous year.
2. Estimated Net Profit is between $5–7 billion (average around $6 billion).
3. Main Sources of Revenue:
Trading Fees (over 90% of total revenue)
Deposit/Withdrawal Fees
Coin Listing Fees
Liquidation & Slippage Profits
4. Futures Funding Fees are exchanged between users; Binance does not earn from them.
5. Key Metrics:
Registered Users: 250 million+
Assets Under Custody: $160 billion+
Cumulative Trading Volume: $100 trillion+
6. Conclusion: Binance was among the most profitable financial platforms in the world in 2024.