Crypto exchange Binance reported in 2025 an increase in its user base to more than 300 million users, $34 trillion in trading volume, the receipt of its first global license, and other achievements, as well as a transformation of its market role.
Binance published its key performance indicators for 2025, reflecting the transition of the crypto industry toward a more mature and regulated model. The platform surpassed 300 million registered users worldwide and also became the world’s first global crypto exchange to obtain full authorization in the international jurisdiction of Abu Dhabi (ADGM).
By year-end, Binance’s total trading volume across all products reached $34 trillion, with $7.1 trillion coming from spot trading. The exchange maintained its status as the largest liquidity hub, accounting for between one-third and nearly half of global BTC and ETH trading volumes, especially during periods of heightened market volatility.
A major growth driver was the launch of Binance Alpha 2.0, an integrated Web3 module for participating in on-chain launches and airdrops. Over the year, Alpha’s trading volume exceeded $1 trillion, the platform attracted more than 17 million users, and distributed $782 million in rewards across 254 airdrops. On certain days, Alpha’s activity was comparable to or even exceeded the trading volumes of major centralized exchanges outside the Binance ecosystem.
Through Binance Earn, $1.2 billion in rewards were distributed to users over the year.
In the institutional segment, Binance recorded a 21% YoY increase in trading volumes, while over-the-counter (OTC) fiat transactions grew by 210%. In 2025, the platform integrated tokenized assets, including BlackRock’s BUIDL fund, as OTC collateral, and also began cooperation with asset manager Franklin Templeton, which oversees $1.6 trillion in assets.
According to the report, Binance Pay increased its user base by 30% over the year, while the number of merchant locations grew from 12,000 to more than 20 million. The total volume of payments processed through the service exceeded $280 billion, with more than 98% of B2C transactions in 2025 conducted in stablecoins.
A separate emphasis in the report was placed on security and regulatory compliance. Since 2023, Binance’s direct exposure to illicit funds has decreased by 96%. In 2025, potential fraud totaling $6.69 billion was prevented, the assets of 5.4 million users were protected, and $131 million in seized funds were transferred to law enforcement agencies. The company also obtained 29 international certifications, including ISO 27001, ISO 22301, and ISO 42001 for artificial intelligence management.
According to the company’s assessment, the results of 2025 confirm that scaling the crypto market is possible alongside stronger regulation and risk controls. Binance notes a transformation of its own role, from an exchange to an infrastructure platform serving both retail users and institutional participants, with a focus on transparency, security, and the long-term development of digital finance.
