Binance, the world’s largest crypto exchange through trade volume, said that since the launch in 2017 it has processed more than $ 125 trillion on digital assets.
In a July 14 rack Binance CEO Richard Teng marked the eighth anniversary of the platform and emphasized its growth and crucial role in shaping the cryptomarkt.
He said that the exchange this year has treated an average of 217 million spot and futures. Moreover, the platform currently recommends 41% of the global spot shop market and has a share of 95% of the decentralized wallet segment with built-in trade functions.
In addition to trade, Binance has extended its reach to savings, payments and financial access.
Teng noted that Binance Earn has generated $ 50 billion in user returns since the launch, while Binance Pay has processed $ 230 billion over 300 million transactions. From 2022 to 2024, the platform also helped users to save $ 1.75 billion in transfer costs.
He noticed:
“Every song reflects real people who get financial freedom, achieve financial independence and overcome the barriers to financial inclusion.”
Growing user base
The CEO of Binance also pointed out that the user base of the platform continues to grow rapidly.
On X, Teng unveiled Those VIP user registrations rose by 116%, while institutional customers grew nearly 97% in 2024.
The fair has recently launched new offers, such as fund accounts and Binance -richness to meet the evolving needs of these advanced users. Last week it introduced institutional loans, a product that offers up to 4x leverage for verified business customers by pooli over a maximum of ten subaccounts.
In the meantime, the acceptance of the platform remains strong, thanks to the introduction of various innovative products such as Binance Alpha, Launchpool and Pump.Fun-like bind curve mechanism.
In view of this, Binance has added nearly 80 million new retail users in the past year and his total global user base pushed to 280 million. If it were a country, Binance would have the fourth largest population in the world, for countries such as Nigeria.
Compliance efforts
Teng emphasized that the company invests heavily in its compliance efforts worldwide, whereby expenditure in the sector is expected to be 30% higher than that of last year.
This is particularly necessary, since the platform has entered into various legal challenges and regulatory investigation in several areas of law in recent years.
The most striking of such actions took place in 2023, which resulted in a fine of $ 4.3 billion paid to the US government and the resignation of the founder, Changpeng Zhao.
