Binance Hits 8-Year Milestone: $125 Trillion in Trading Volume & 280 Million Users Strong

Binance just flexed its crypto dominance—again. The exchange roared past its 8th anniversary with numbers that'd make Wall Street sweat: $125 trillion in lifetime trading volume and 280 million users onboard.

From zero to crypto's top dog in under a decade

The platform ate competitors' lunch by turning 'borderless finance' from buzzword to reality—while somehow dodging every regulatory bullet aimed its way. (Take notes, traditional banks.)

280 million users don't lie—even if the SEC thinks they should

Love it or hate it, Binance rewrote the rulebook. Its growth curve makes dot-com era giants look sluggish. Now the question is whether it can keep defying gravity—or if the 'crypto winter' will finally bite. Either way, those trading volumes could buy several small countries. But hey, it's not like that money's backing stablecoins or anything... right?

Growing user base

The Binance CEO also pointed out that the platform’s user base continues to grow rapidly.

On X, Teng revealed that VIP user registrations surged by 116%, while institutional clients grew nearly 97% in 2024.

The exchange recently launched new offerings like Fund Accounts and Binance Wealth to meet these sophisticated users’ evolving needs. Last week, it introduced Institutional Loans, a product that offers up to 4x leverage for verified corporate clients by pooling balances across up to ten sub-accounts.

Meanwhile, retail adoption of the platform remains strong, thanks to the introduction of several innovative products like Binance Alpha, Launchpool, and Pump.Fun-like bonding curve mechanism.

Considering this, Binance added nearly 80 million new retail users in the past year, pushing its total global user base to 280 million. If it were a country, Binance WOULD have the world’s fourth-largest population, ahead of countries like Nigeria.

Compliance efforts

Teng stressed that the firm is investing heavily in its compliance efforts globally, with spending in the sector expected to be 30% higher than last year’s.

This is particularly necessary considering the platform has faced several legal challenges and regulatory scrutiny across multiple jurisdictions over the past years.

The most notable of such actions occurred in 2023, which resulted in a $4.3 billion fine paid to the US government and the resignation of its founder, Changpeng Zhao.