Binance concluded 2024 on a high note, achieving unparalleled milestones and setting new standards in the digital finance sector. The platform announced a remarkable $160 billion custodial assets and cumulative historical trading volumes exceeding $100 trillion.
With a surge in registered users, growing institutional participation, and enhanced compliance measures, Binance solidified its position as a global leader in cryptocurrency and Web3 innovation.
Record-Breaking User Growth
By the end of 2024, Binance had celebrated a significant milestone, surpassing 250 million registered users. This achievement was a testament to the platform’s explosive growth, with 50 million users added in just six months.
Binance had earlier marked 200 million users in June 2024, underscoring its momentum in driving global cryptocurrency adoption.
The platform’s appeal extended beyond retail users. Institutional participation grew significantly, with VIP users doubling in number and registered institutional users almost doubling during the year.
With features like Binance Wealth and upgraded banking services, the platform emerged as a preferred choice for institutions exploring digital finance.
Strengthening Compliance and Security
In 2024, Binance invested hundreds of millions of dollars to enhance its compliance and security measures. With a compliance team of over 650 experts, the platform secured regulatory licenses in 21 jurisdictions—more than any other global crypto company.
This robust framework allowed Binance to prevent $4.2 billion in potential user losses, protect 2.8 million users from scams, and recover $88 million in stolen assets.
Binance also collaborated closely with law enforcement agencies worldwide, responding to 65,000 requests and training over 1,300 investigators across 80 countries. The introduction of tools like the “Binance Risk Sniper” channel educated users about scams and improved ecosystem safety.
Expanding Financial Services
The platform expanded its offerings to support the “free flow of money,” launching new fiat-to-crypto channels in 20 countries and increasing Binance Pay’s active users by 226%.
Total locked value in Binance Wealth surged by 144%, driven by innovative products like fixed-rate loans and on-chain yield options.
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By simplifying participation in DeFi, Binance empowered users to engage with protocols directly through their accounts. These advancements demonstrated the platform’s commitment to accessibility and innovation in the evolving Web3 landscape.
Leading in Trading Innovation
Binance maintained its reputation for stability and speed, processing a record 4.44 million requests per second. Spot and derivatives trading volumes surged, supported by new features like spot copy trading, which simplifies market access for beginners, and BFUSD, a reward-based margin asset.
These innovations enhanced user experiences and strengthened the platform’s liquidity and risk management systems, benefiting both retail and institutional traders.
Community Impact and Education
Binance’s impact extended beyond trading. It made significant contributions to education and social initiatives. Binance Academy reached 44 million learners in 2024, offering expanded course content and partnerships.
Binance Charity provided $6.9 million in aid to 72,000 individuals affected by natural disasters and supported long-term projects such as the “Women in Tech Academy.”
Binance Square, the platform’s social hub, gained 35 million monthly active users. Programs like “Write to Earn” empowered creators, while collaborations with global icons like Cristiano Ronaldo boosted cryptocurrency adoption in mainstream culture.
A Strong Start to 2025
As Binance enters 2025, it carries forward the momentum of an extraordinary year. With a growing user base, strengthened compliance, and a commitment to innovation, Binance is well-positioned to bridge traditional finance with the Web3 ecosystem.
Its vision of a secure and inclusive financial future remains steadfast as it leads the cryptocurrency industry into a transformative era.
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