BinanceReaches Milestone of 250 Million Registered Users
In 2024, Binance, the world's largest cryptocurrency exchange by volume, experienced significant growth across multiple aspects. The institution's user base nearly doubled, trading volumes reached approximately $100 trillion, and Binance maintained its leading position in the crypto market.
Binance's institutional user base saw a 97% increase, with over 250 million registered users in total. The exchange managed assets worth over $160 million for these institutional users, marking a 12% year-over-year increase. Onboarding time for institutional clients was reduced from 3.2 days to 1.4 days, further facilitating growth.
New institutional products like Tokenized Treasury Bills were launched, attracting $4.1 billion in Q2 2024. The daily average trading volume was around $93 billion in early 2025, reflecting the scale of continued activity.
Binance Wealth services expanded, offering diverse financial tools integrated with its ecosystem. Binance Pay, Binance Earn, and the Binance Academy contributed to broader user engagement by providing easy payment solutions, yield-earning opportunities, and educational resources, respectively.
On the compliance and security front, Binance invested heavily in anti-fraud measures and regulatory adherence. The firm prevented about $10 billion in potential fraud losses, protecting over 7.5 million users via real-time detection and recovery. Binance cooperated with global law enforcement agencies, addressing over 65,000 inquiries and conducting extensive training sessions.
Binance obtained regulatory clearances in 21 jurisdictions, underscoring its commitment to expanding legal compliance worldwide. The exchange's anti-fraud measures prevented user losses totaling $4.2 billion and recovered $88 million in funds.
Binance's in-house compliance team grew to 650 experts, and the exchange strengthened cooperation with law enforcement. The active user base for Binance Pay grew by 226%, and the exchange processed 4.44 million requests per second, an all-time high.
Binance's team considered the achievement of 250 million users as a "remarkable achievement" on their path to serving 1 billion customers. The exchange trained over 1,300 investigators from 80 countries and provided more than $6.9 billion in aid through its charitable arm.
The growing presence of institutional participants on Binance enhances the platform's key role in connecting traditional finance with Web3. Binance's continued growth supports its position as a leading global crypto exchange and ecosystem provider.
Binance's expansion into financial services has been pronounced, as the exchange managed assets worth over $160 million for its institutional users, marking a 12% year-over-year increase. New institutional products like Tokenized Treasury Bills were launched, attracting $4.1 billion in Q2 2024, signifying the integration of technology into business and finance.
