The Binance cryptocurrency exchange has reached 280 million registered users in celebration of its eighth anniversary. This milestone marks explosive growth and the global influence of the platform in the digital asset space.
According to the press release, since its inception, Binance's total trading volume in the spot and derivatives markets has exceeded 125 trillion dollars. This figure emphasizes the platform's dominance and the increasing adoption of cryptocurrency worldwide.
Theo The Block, as of June 2025, this exchange holds over 41% of the spot cryptocurrency market share. Approximately 217 million transactions, with a total value of over 91 billion dollars, are conducted daily on this platform - a testament to the enormous scale and trust that this platform has built among its users.
These figures reflect the daily average, further highlighting Binance's role as a leading entity in the cryptocurrency industry.
"Eight years ago, we set out to make cryptocurrency a primary means of enhancing financial freedom. Today, 280 million people have made it a part of their lives, and Binance has become their trusted guide," said the exchange's CEO, Richard Teng.
The Binance Pay service has processed 300 million transactions worth 230 billion dollars. From 2022 to 2024, this service has helped users save 1.75 billion dollars in transfer fees, making cryptocurrency payments more accessible and cost-effective.
Since December 2022, Binance's risk management system has prevented 10 billion dollars in fraudulent transactions, demonstrating the platform's commitment to security. The exchange has also assisted in recovering or freezing over 215 million dollars in stolen funds, further reinforcing user trust.
The Binance team has handled nearly 241,000 requests from law enforcement and organized over 400 training sessions on financial crime. Nearly 22% of the exchange's staff works in the compliance department, reflecting a strong focus on regulatory cooperation and user safety.
Founded in 2017 by Changpeng Zhao (CZ) and Yi He, Binance quickly established itself as a pioneer in the industry. In 2018, the platform created the SAFU fund to protect users' assets.
From 2019 to 2021, Binance launched the P2P market, Binance Earn service, and Binance Pay, expanding its ecosystem. In 2022 and 2023, the exchange introduced Proof-of-Reserves and its own Web3 wallet, further enhancing user transparency and control.
Binance's journey from a startup to a global powerhouse is marked by innovation, security, and relentless efforts to expand financial freedom. As the platform looks to the future, its continuous investment in technology, regulatory compliance, and user experience has positioned Binance at the forefront of the ever-evolving cryptocurrency landscape. With a robust infrastructure and a commitment to user protection, Binance not only celebrates past achievements but also lays the groundwork for the next era of digital finance.