Binance Says User Base Hits 300M as Trading Volume Reaches $34T
Binance said its global user base has exceeded 300 million people with total product trading volume reaching $34 trillion, according to a year-end statement released by co-founders Yi He and Richard Teng.
In the letter dated December 31, Binance said roughly one in 27 people worldwide now uses the platform, marking huge progress for the cryptocurrency exchange as digital assets continue to move into mainstream finance.
The co-founders said 2025 was marked by heightened market volatility, geopolitical tensions, and regulatory uncertainty, but argued that clearer regulatory frameworks have begun to replace what they described as crypto’s “Wild West” era.
They pointed to the passage of the GENIUS Act in the United States and the rollout of regulatory regimes in approximately 70% of major global jurisdictions as key turning points for the industry.
Binance also reported strong growth across both retail and institutional segments. Retail-driven trading volume rose 125%year-on-year, while institutional trading volume increased 21%, the company said.
The exchange also claims that on many days in 2025 – nearly half of global Bitcoin and Ethereum trading volume occurred on its platform.
Web3 and On-Chain Expansion
The exchange said its Web3 product, Alpha 2.0, processed more than $1 trillion in volume over the year, with 17 million users participating and receiving a combined $782 million in airdrop rewards.
On compliance and security, Binance said it now holds $162.8 billion in user assets, verified through proof-of-reserves disclosures.
The company added that it secured full authorization from Abu Dhabi Global Market’s Financial Services Regulatory Authority and obtained 29 global certifications, including ISO and SOC standards.
Crackdown on Illicit Finance
Binance also said it reduced direct exposure to major illicit finance categories by 96% between 2023 and 2025, blocked $6.7 billion in potential fraud losses, and assisted more than 50,000 users in recovering funds from external scams.
Looking ahead to 2026, the co-founders cited macroeconomic tailwinds — including easing monetary policy, regulatory clarity, and growing sovereign and institutional participation — as drivers of what they described as a more predictable phase of crypto adoption.
Binance reiterated that its core mission remains “freedom of money” and said it would continue investing in security, compliance, and financial education initiatives globally.
Binance Cleans House
Earlier this month Binance also revealed an overhaul of its token listing process aiming to improve transparency, tighten control, and eliminate fraudulent intermediaries that have plagued the exchange’s listing ecosystem.
The new standards address several challenges Binance has faced over the past two years.
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