Binance Celebrates 8 Years with a Record 280 Million Users
The post Binance Celebrates 8 Years with a Record 280 Million Users appeared on BitcoinEthereumNews.com. Cryptocurrency exchange Binance has reached 280 million registered users as it celebrates its eighth anniversary. This milestone highlights the platform’s explosive growth and global influence in the digital asset space. Since its founding, Binance’s total trading volume across spot and derivatives markets has exceeded $125 trillion, according to a press release. This figure underscores the platform’s dominance and the increasing adoption of cryptocurrencies worldwide. According to The Block, as of June 2025, the exchange holds over 41% of the spot cryptocurrency market. Approximately 217 million transactions, totaling more than $91 billion, are made daily on the platform—a testament to its massive scale and the trust it commands among users. These numbers reflect daily averages, further emphasizing Binance’s role as a leader in the crypto industry. “Eight years ago, we set a goal to make cryptocurrencies the primary way to increase financial freedom. Today, 280 million people have made them a part of their lives, and Binance has become their trusted guide,” said the exchange’s CEO, Richard Teng. Source: Binance. The Binance Pay service has processed 300 million transactions worth $230 billion. From 2022 to 2024, this service helped users save $1.75 billion on transfer fees, making crypto payments more accessible and cost-effective. Since December 2022, Binance’s risk management systems have prevented $10 billion in fraudulent transactions, showcasing the platform’s commitment to security. The exchange has also helped recover or freeze over $215 million in stolen funds, further strengthening user confidence. Binance’s team has handled nearly 241,000 law enforcement requests and conducted over 400 financial crime training sessions. Nearly 22% of the exchange’s employees work in compliance, reflecting a strong focus on regulatory cooperation and user safety. Founded in 2017 by Changpeng Zhao (CZ) and Yi He, Binance quickly established itself as an industry pioneer. In 2018, the platform created the SAFU fund to protect user assets. Between 2019 and 2021, Binance launched a P2P marketplace, Binance Earn, and Binance Pay services, expanding its ecosystem. In 2022 and 2023, the exchange introduced Proof-of-Reserves and its own Web3 wallet, further enhancing transparency…
The post Binance Celebrates 8 Years with a Record 280 Million Users appeared on BitcoinEthereumNews.com.
Cryptocurrency exchange Binance has reached 280 million registered users as it celebrates its eighth anniversary. This milestone highlights the platform’s explosive growth and global influence in the digital asset space. Since its founding, Binance’s total trading volume across spot and derivatives markets has exceeded $125 trillion, according to a press release. This figure underscores the platform’s dominance and the increasing adoption of cryptocurrencies worldwide. According to The Block, as of June 2025, the exchange holds over 41% of the spot cryptocurrency market. Approximately 217 million transactions, totaling more than $91 billion, are made daily on the platform—a testament to its massive scale and the trust it commands among users. These numbers reflect daily averages, further emphasizing Binance’s role as a leader in the crypto industry. “Eight years ago, we set a goal to make cryptocurrencies the primary way to increase financial freedom. Today, 280 million people have made them a part of their lives, and Binance has become their trusted guide,” said the exchange’s CEO, Richard Teng. Source: Binance. The Binance Pay service has processed 300 million transactions worth $230 billion. From 2022 to 2024, this service helped users save $1.75 billion on transfer fees, making crypto payments more accessible and cost-effective. Since December 2022, Binance’s risk management systems have prevented $10 billion in fraudulent transactions, showcasing the platform’s commitment to security. The exchange has also helped recover or freeze over $215 million in stolen funds, further strengthening user confidence. Binance’s team has handled nearly 241,000 law enforcement requests and conducted over 400 financial crime training sessions. Nearly 22% of the exchange’s employees work in compliance, reflecting a strong focus on regulatory cooperation and user safety. Founded in 2017 by Changpeng Zhao (CZ) and Yi He, Binance quickly established itself as an industry pioneer. In 2018, the platform created the SAFU fund to protect user assets. Between 2019 and 2021, Binance launched a P2P marketplace, Binance Earn, and Binance Pay services, expanding its ecosystem. In 2022 and 2023, the exchange introduced Proof-of-Reserves and its own Web3 wallet, further enhancing transparency…
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