Binancethe world’s leading provider of blockchain and cryptocurrency infrastructure, presented its 2024 Annual Report, highlighting key performance indicators and milestones that reflect its continued commitment to industry growth, innovation, security and safety. financial inclusion.
Throughout the year, the company achieved new records. It met the goals it set and shaped the future of digital finance.
And the exchange exceeded US$160 billion in user assets under custody to reach an accumulated historical trading volume of US$100 billion. This consolidated the trust of its users globally. Furthermore, its leadership transcended the field of trading, positioning itself as a reference in regulatory compliance, social platforms and community initiatives, consolidating its role within the crypto and Web3 ecosystem.
Accelerated growth
The increase in indicators from 2023 to 2024 reflects notable growth: The registered user base experienced an increase of 47%reflecting the growing demand for accessible decentralized financial solutions. This growth was accompanied by notable expansion in key segments, such as institutional userswhich recorded an increase in 97%and the VIP userswhose base was expanded in a 116%. These figures underline Binance’s growing appeal as a reliable bridge between traditional finance and the emerging Web3 ecosystem.
In the educational and community sphere, Binance Academy recorded an increase in 63% in apprentices, reaffirming its commitment to training well-informed users. In parallel, BinanceSquare established itself as the fastest growing crypto social network, with an impressive 620% increase in daily active users, promoting participation and knowledge exchange in real time.
Average daily trading volume rose by 27%reflecting more robust participation in Spot, Futures and Margin products. Particularly notable was the increase in 290% in margin trading volume, highlighting the growing sophistication of the platform’s users.
On the other hand, savings and income generation products, such as Binance Earnsaw the total value locked (TVL) grow by a 144%evidencing the trust of users in the financial tools that Binance offers to maximize their holdings of crypto assets.
Global expansion and adoption
One of the most notable achievements of 2024 was surpassing the barrier of 250 million registered usersmarking a significant step towards the goal of reaching one billion users. During the second half of the year, 50 million new users were added, reflecting accelerated growth.
The boom was not limited to the retail segment. Institutional participation also skyrocketed, with the VIP user base doubling and the number of registered institutional users almost doubling. Services like Binance Wealth and Triparty Banking attracted institutions, positioning Binance as the preferred gateway to explore the potential of crypto.
Security and compliance
Binance reaffirmed its commitment to security and compliance, investing hundreds of millions of dollars to strengthen these key areas. Its compliance team grew to 650 experts, securing regulatory authorizations in 21 jurisdictions, leading the industry in this regard.
The company’s proactive approach prevented potential losses worth $4.2 billion, protecting 2.8 million users. $88 million in stolen or lost funds were recovered, reaffirming Binance’s effectiveness in protecting assets. Additionally, nearly 65,000 global law enforcement requests were responded to and more than 1,300 investigators in 80 countries were trained.
Innovation and financial utility
Expanding financial access and utility was a priority in 2024. Binance Pay saw 226% growth in its active user base, while fiat-to-crypto channels expanded to 20 new countries. Binance Earn increased its total value locked by 144%, and products such as BNSOL and Fixed Rate Loans provided new opportunities for users.
The introduction of On-Chain Yields made decentralized finance easier to access, allowing users to directly participate in protocols through their Binance accounts.
Negotiation Leadership: The Binance ecosystem reached new milestones by processing a record 4.44 million requests per second. Trading volumes in Spot, Futures and Margin continued to rise, driven by innovations such as Spot Copy Trading and BFUSD.
Spot Copy Trading made it easier for new users to enter the market, while BFUSD provided additional incentives to traders. Strengthening liquidity and risk management systems ensured an efficient trading experience for retail and institutional users.
Paving the way to 2025
The year 2024 was transformative for Binance and the crypto sector. With milestones such as 250 million registered users, record trading volumes, and advancements in security and compliance, Binance continues to lead the industry as it paves the way to an inclusive and secure financial future. Looking to 2025, the company reaffirms its commitment to innovation and global adoption, strengthening the ties between traditional finance and Web3.
Source: Ambito
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