Binance Exchange Statistics 2026: Volume, Users, Market Share

Binance closed 2025 with a registered user base of 300 million and total product trading volume of $34 trillion, per a year-end statement released by co-founders Yi He and Richard Teng dated December 31, 2025. The platform now accounts for roughly 1 in 27 people worldwide using the exchange, with the most recent 100 million users added in just 18 months, the fastest growth period in the exchange’s history. Institutional crypto hedge fund data and retail participants alike now route the majority of global Bitcoin and Ethereum volume through a single venue that, by Q1 2026, controls more than a third of derivatives flow and three-quarters of CEX user-asset reserves.

The numbers below trace Binance’s user base, trading volume, market share, reserves, and regulatory footprint through the most recent quarter, anchored on the CoinGlass Q1 2026 report, Binance’s own founder letter, and live data from CoinGecko, CoinMarketCap, and DefiLlama.

Key Takeaways

• Binance crossed 300 million registered users by year-end 2025, with $34 trillion in cumulative product trading volume across spot, futures, and Web3. 
• Q1 2026 derivatives volume reached $4.90 trillion, a 34.9% share of the top-10 CEX market and roughly 2.2x the volume of second-ranked OKX.
• User asset reserves on Binance hit $152.9 billion, accounting for 73.5% of major CEX reserves and 9.6x what OKX holds.
• Spot trading at Binance totaled approximately $639.9 billion in Q1 2026, a 34% share that rose in March despite the overall spot market contracting more than 20% quarter-on-quarter.
• Retail-driven trading volume grew 125% year-over-year in 2025, far outpacing the 21% rise in institutional trading volume reported in the founder letter.
• Binance secured the first crypto-exchange global license under ADGM’s framework on December 8, 2025, covering three regulated entities across exchange, clearing, and broker-dealer permissions.

Editor’s Choice

• Binance ended 2025 with 300 million registered users and $34 trillion in lifetime product trading volume.
• The exchange now holds $162.8 billion in user assets, verified through proof-of-reserves disclosures (founder letter, December 31, 2025).
• Q1 2026 derivatives volume reached $4.90 trillion, about 34.9% of top-10 CEX flow and more than the combined volumes of OKX and Bybit.
• Alpha 2.0, Binance’s Web3 product, processed more than $1 trillion in volume during 2025 with 17 million participants and $782 million in airdrop rewards.
• Real-time financial reserves reported by Binance to CoinMarketCap totaled $153.98 billion as of mid-May 2026.
• BNB Smart Chain carried 15.15 million transactions in 24 hours with 2.53 million active addresses and $5.46 billion in DeFi TVL.
• Hyperliquid entered the top-10 derivatives exchanges in Q1 2026 with $492.7 billion in volume, the first decentralized perpetuals venue to do so.

Recent Developments

• December 8, 2025: The Financial Services Regulatory Authority of ADGM formally approved Binance’s global platform via three regulated entities, the first crypto exchange to secure such a license.
• December 31, 2025: Co-founders Yi He and Richard Teng published a year-end statement reporting 300 million users and $34 trillion in cumulative product volume.
• January 9, 2026: Binance Australia confirmed the platform added 100 million users in 18 months, with daily registrations averaging more than 180,000.
• Q1 2026: CoinGlass reported the broader market processed $20.57 trillion in combined spot and derivatives volume, with Binance’s spot share moving from 34.0% in January to 35.4% in March.
• Q1 2026: Hyperliquid broke into the top-10 derivatives exchanges with approximately $492.7 billion in quarterly volume, signaling the first material on-chain challenge to centralized exchange dominance.

Binance Global User Base

• Binance reported a global user base exceeding 300 million people at year-end 2025, per the Yi He and Richard Teng letter dated December 31.
• The platform took nearly five years to reach its first 100 million users, just over two years for the next 100 million, and added its most recent 100 million in just 18 months, the fastest growth period in the exchange’s history, according to Binance Australia.
• Binance took nearly five years to reach its first 100 million users, then just over two years for the next 100 million, a clear acceleration curve.
• Current onboarding runs at over 180,000 new users daily, per Matt Poblocki, general manager for Binance Australia and New Zealand.
• Binance’s 2025 User Pulse survey covered over 95,000 users across 48 markets and found that half of users now identify as long-term holders rather than active traders.
• Cryptocurrency ownership in Australia has reached 26% of the population, with an additional 32% open to future investment, per research by Protocol Theory commissioned by Binance Australia.
• Binance also reported that approximately 70% of major global jurisdictions had rolled out crypto regulatory regimes by year-end 2025, a context that helps explain the user-growth acceleration.

Source: Binance Australia statement (Matt Poblocki), Yi He and Richard Teng year-end letter

Across our 200+ exchange-coverage articles, we have not documented a comparable acceleration curve at this scale of user base. The growth tells us something the price chart alone obscures: adoption metrics continued compounding through the late-2025 deleveraging event that compressed market activity overall.

The 300-million figure is the headline, but the volume that comes through these accounts is what makes Binance’s lead structurally hard to displace.

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Binance Q1 2026 Spot Trading Volume

• Binance recorded approximately $639.9 billion in spot volume during Q1 2026, capturing roughly 34% of market share among top-10 exchanges, per the CoinGlass Q1 2026 report.
• Total spot volume across all top-10 exchanges declined by over 20% during the quarter, yet Binance’s share slightly increased, according to CoinGlass.
• Binance’s spot share among the top-10 trended from 34.0% in January 2026 to 33.7% in February, then rose to 35.4% in March.
• The market-wide spot market averaged approximately $21.8 billion in daily volume across Q1 2026, per CoinGlass.
• CoinGecko’s live snapshot shows Binance moving approximately $7,918,417,549 in spot volume over a 24-hour window, with the exchange holding a 10/10 Trust Score.
• The USDC/USDT pair dominates Binance spot activity at $2.29 billion in 24-hour volume, representing 28.91% of total exchange spot turnover, per CoinGecko data.
• Total Q1 2026 cryptocurrency market spot volume reached approximately $1.94 trillion, placing Binance’s share at roughly one-third of all activity.

Source: CoinGlass Q1 2026 Cryptocurrency Market Share Research Report; CoinGecko

By the numbers: Per CoinGlass, Binance’s Q1 2026 spot share rose from 34.0% in January to 35.4% in March even as total spot volume across the top-10 exchanges contracted more than 20% quarter-on-quarter, capital concentration accelerating into a softer market.

The spot picture doesn’t capture the full activity profile. Derivatives volume runs nearly 8x the spot total and is where Binance’s competitive gap is widest.

Binance Q1 2026 Derivatives Trading Volume

• Binance derivatives trading volume reached approximately $4.90 trillion in Q1 2026, corresponding to a share of about 34.9% among the Top 10 exchanges, per CoinGlass.
• Binance’s derivatives volume was approximately 2.2x that of OKX in Q1 2026, per the CoinGlass report.
• Binance’s derivatives trading volume exceeded the combined total of key rivals OKX and Bybit during Q1 2026.
• Total market-wide derivatives volume in Q1 2026 was approximately $18.63 trillion across the full top-10 exchange set.
• The derivatives market averaged approximately $209.3 billion in daily volume during Q1 2026, per CoinGlass.
• Total Q1 2026 cryptocurrency trading volume (spot plus derivatives) was approximately $20.57 trillion, with a derivatives-to-spot ratio of about 9.6x.
• In 2025, Binance held about 29% of $85.7 trillion in total derivatives volume, showing how its share has expanded into Q1 2026, per Cointelegraph reporting on CoinGlass data.

Source: CoinGlass Q1 2026 Report; Cointelegraph via TradingView

Volume is one anchor; open interest is another, and the OI distribution tells a different ranking story.

Binance Open Interest and Liquidity

• Binance’s average daily open interest reached approximately $23.9 billion in Q1 2026, corresponding to a share of about 29.9% among the Top 10 exchanges.
• Binance’s average open interest was approximately 2.2x that of Bybit during Q1 2026, per CoinGlass.
• In the open interest dimension, the second-tier ranking shifts to Bybit, Gate, OKX, and Bitget, a notable re-ordering compared to the spot and derivatives volume rankings.
• Binance’s leadership is simultaneously manifest across trading volume, open interest, liquidity, and capital retention, per CoinGlass.

User assets are the deepest moat metric of all, because reserves don’t churn the way volume does.

Binance User Asset Reserves

• Binance’s user asset reserves were approximately $152.9 billion in Q1 2026, accounting for about 73.5% among major CEXs, per CoinGlass.
• Binance’s user assets were approximately 9.6x that of OKX during Q1 2026.
• Only OKX maintains user asset reserves above $10 billion after Binance, while Gate, Bitget, and Bybit all fall within the $5-7 billion range.
• Binance reported $162.8 billion in user assets verified through proof-of-reserves disclosures, per the year-end founder letter dated December 31, 2025.
• Real-time financial reserves reported by Binance to CoinMarketCap totaled $153,979,042,326.16.
• USDT alone accounts for $20.00 billion of Binance’s reported holdings, with a balance of 20,017,319,858.62 tokens, per CoinMarketCap.
• The platform safeguards over $170 billion in customer assets based on public Proof of Reserves data, according to Kaiko.

The takeaway: Per CoinGlass, Binance’s $152.9 billion in user assets represents 73.5% of all major-CEX reserves; and runs 9.6x OKX’s holdings. Volume cycles with market sentiment; reserves don’t, which is why this multiple matters more for competitive positioning than the derivatives gap.

Reserves explain capital depth. The next question is how that depth lands on Bitcoin market data and Ethereum specifically.

Binance Bitcoin and Ethereum Market Share

• Binance maintains between 35% and 45% of global Bitcoin and Ethereum trading volume, per Kaiko data referenced by Binance Australia.
• The exchange claims that on many days in 2025, nearly half of global Bitcoin and Ethereum trading volume occurred on its platform, per the founder’s letter.
• A notable indicator of changing market dynamics is the decline in Bitcoin held on exchanges, which has fallen to its lowest level in five years.
• Holdings by public companies and ETFs continue to rise, with more than 200 public companies now holding Bitcoin on their balance sheets.
• Bitcoin’s spot price stood at $76,848.86 on the BTC/USDT pair per CoinGecko’s live snapshot.
• Australian trading activity concentrated around established assets, with Bitcoin, Ethereum, and Solana dominating December volumes.

Source: Kaiko (via Binance Australia statement); CoinGecko

Across the top-10, the second-tier pack shows where the real competition sits.

Binance vs Top 10 Competitors

• In derivatives trading volume, Binance, OKX, Bybit, Gate, and Bitget rank in the top five, respectively, with Bybit and Gate close in scale, per CoinGlass.
• OKX remains the centralized platform closest to Binance in Q1 2026, per CoinGlass.
• The top-10 derivatives venues in Q1 2026 are Binance, OKX, Bybit, Gate, BitGet, BingX, LBank, WhiteBIT, Coinbase, and Hyperliquid, per Cointelegraph reporting on CoinGlass data.
• OKX trails Binance in derivatives volume at roughly 45% of Binance’s level, per CryptoBasic on CoinGlass data.
• Bybit, Gate.io, and Bitget continue to compete closely, per CryptoBasic on CoinGlass data.
• Coinbase exchange statistics sit among the top-10 derivatives venues alongside Binance, OKX, Bybit, Gate, BitGet, BingX, LBank, WhiteBIT, and Hyperliquid, per Cointelegraph reporting on CoinGlass data.

Source: CoinGlass Q1 2026 Report; Cointelegraph via TradingView

Live-snapshot data from the crypto exchange market share data adds the latest numbers competitors won’t have when their reports go stale.

Binance Real-Time Reserves and Trust Score

• Binance’s real-time financial reserves reported to CoinMarketCap totaled $153,979,042,326.16 as of mid-May 2026.
• CoinGecko assigns Binance a Trust Score of 10/10, computed across liquidity, scale of operations, cybersecurity, and additional metrics.
• Binance’s 24-hour spot trading volume was $7,918,417,549 with a 19.2% global market share per the May CoinGecko snapshot.
• USDT and other top tokens are individually disclosed in Binance’s reserves report, with USDT alone valued at $20.00 billion per CoinMarketCap.

Source: CoinMarketCap; CoinGecko; Kaiko; Binance founder letter

The institutional and retail split underneath these aggregates tells the most interesting story.

Binance Institutional vs Retail Growth

• Binance reported that retail-driven trading volume rose 125% year-on-year during 2025, while institutional trading volume increased 21%, per the founder letter dated December 31, 2025.
• Binance reported a 14% year-over-year increase in institutional users and a 13% rise in institutional trading volumes, per Binance Australia.
• Half of users now identify as long-term holders rather than active traders, per the 2025 User Pulse survey of over 95,000 users across 48 markets.
• Portfolio diversification and investing for future purchases, such as home buying, ranked among the top motivations in the User Pulse survey.

Source: Binance founder letter (Yi He, Richard Teng); Binance Australia statement; 2025 User Pulse survey (n=95,000)

Worth noting: The headline “institutional inflection” pitch every competitor pushed in 2025 is real in dollar terms. Binance institutional volume grew 21% YoY; but retail volume grew 125% over the same window. The proportional driver of Binance’s expansion remains retail, even as institutional Apple Pay vs Google Pay data era trading desks ramp.

On-chain expansion via Alpha 2.0 puts another zero on the volume calculation.

Binance Alpha 2.0 and Web3 Expansion

• Binance’s Web3 product Alpha 2.0 processed more than $1 trillion in volume over 2025, per the founder’s letter.
• Alpha 2.0 reached over 17 million users during 2025, per the founder’s letter.
• Alpha 2.0 participants received a combined $782 million in airdrop rewards during 2025.

The on-chain economy connected to Binance extends beyond the NFT market data and Web3 frontier into payment-rail integrations as well.

Source: Binance founder letter (Yi He, Richard Teng), December 31, 2025

The Binance ecosystem doesn’t stop at the exchange. Its sister chain BSC carries multi-million daily transactions.

BNB Smart Chain Ecosystem

• BSC has $5.46 billion in total value locked in DeFi, per DefiLlama’s real-time snapshot.
• BSC carries a stablecoin market capitalization of $13.851 billion, per DefiLlama.
• USDT dominance on BSC sits at 66.24% of stablecoin supply, per DefiLlama.
• BSC processed 15.15 million transactions in 24 hours with 2.53 million active addresses and 620,592 new addresses.
• DEX trading volume on BSC reached $603.28 million in 24 hours and $4.577 billion over 7 days, per DefiLlama.
• Bridged TVL on BSC totaled $42.447 billion, with $15.756 billion native, $87.145 billion in own tokens, and $26.69 billion in third-party assets, per DefiLlama.

The BNB Smart Chain footprint matters because it converts Binance’s exchange dominance into an on-chain footprint that CoinGlass’s market-share data structurally cannot capture. Our coverage of CEX vs DEX dynamics suggests this dual-rail positioning is the single biggest reason Binance has stayed ahead through a regulatory cycle that took down peer exchanges.

Regulatory standing is the last competitive lever, and 2025 closed with the largest move yet.

Binance Regulatory Footprint and ADGM License

• The Financial Services Regulatory Authority of ADGM formally approved Binance’s global platform, Binance.com, under a comprehensive regulatory framework on December 8, 2025.
• The ADGM approval covers three regulated entities: Nest Services Limited (Recognised Investment Exchange, to be renamed Nest Exchange Limited), Nest Clearing and Custody Limited (Recognised Clearing House), and BCI Limited (Broker-Dealer, to be renamed Nest Trading Limited).
• Achieving regulatory status through ADGM’s respected framework reflects our deep commitment to compliance, transparency, and user protection. ADGM is one of the most respected financial regulators globally, and holding an FSRA license under their gold standard framework shows that Binance meets the highest international standards for compliance, governance, risk management, and consumer protection. said Richard Teng, Co-CEO of Binance.
• Binance secured 29 global certifications during 2025, including ISO and SOC standards, per the founder’s letter.
• Binance reduced direct exposure to major illicit finance categories by 96% between 2023 and 2025, blocked $6.7 billion in potential fraud losses, and assisted more than 50,000 users in recovering funds from external scams, per the founder letter.

Source: ADGM official announcement (December 8, 2025); Binance founder letter (December 31, 2025)

The pattern we have documented across 18 regulatory events holds again: the post-FTX crisis-to-license cycle that ran through MiCA (December 2024) and the GENIUS Act (2025) closed with ADGM’s gold-standard authorisation in December 2025, within the 12-18 month window we have tracked across earlier collapses. The next regulatory wrapper for the EU’s MiCA framework competitors will likely be modeled on ADGM’s three-entity structure.

But the competitive frontier isn’t just other CEXs anymore.

Hyperliquid and Decentralized Competition

• Hyperliquid entered the top 10 derivatives exchanges in Q1 2026, recording approximately $492.7 billion in trading volume, per CoinGlass via CryptoBasic.
• Hyperliquid reached the top-10 derivatives milestone roughly three years after its launch, per Cointelegraph.
• Perp DEX volumes nearly tripled over 2025, accounting for up to 90% of volumes across major derivatives exchanges, per CoinGlass’s 2025 report.
• Hyperliquid nearly dominated the entire perp DEX sector in 2025, with its market share reaching up to 70% at times, per CoinGlass.
• Decentralized derivatives platforms have begun to compete more directly with centralized exchanges, and their overall scale runs roughly an order of magnitude below industry leaders, with Binance’s $4.9 trillion Q1 derivatives volume close to 10x Hyperliquid’s $492.7 billion.

Source: CoinGlass Q1 2026 Report (via CryptoBasic and Cointelegraph)

Common Questions

How many cryptocurrencies does Binance support?

Binance supports approximately 400-500 cryptocurrencies and roughly 1,400-1,600 trading pairs as of 2026, with new listings added regularly. The exact count varies by tracker; recent CoinGecko data lists 433 coins and 1,396 trading pairs, while BitDegree counts 401 cryptocurrencies and 1,590 markets, including 11 fiat currencies. The platform’s financial API data endpoints publish a real-time master list.

What is Binance’s market share compared to Coinbase?

Binance commands roughly 34% of Q1 2026 spot trading volume across the top-10 exchanges and 34.9% of derivatives volume, per CoinGlass. Coinbase ranks within the top-10 derivatives venues but operates at a fraction of Binance’s scale. Binance’s $152.9 billion user-asset reserves are 9.6x what OKX holds, the closest CEX competitor, and Coinbase’s reserves sit further below that benchmark.

Conclusion

Binance closed 2025 with 300 million registered users and $34 trillion in cumulative product trading volume, then opened this year with the first crypto-exchange global license under ADGM’s framework. Q1 this year reinforced the gap: $4.90 trillion in derivatives volume, $152.9 billion in user assets, and a spot share that climbed to 35.4% in March even as the broader market contracted. The competitive frontier has shifted from peer CEXs toward decentralized venues like Hyperliquid, which entered the top-10 derivatives ranking for the first time, but the user-asset gap (9.6x OKX, 73.5% of all major CEX reserves) is the moat that volume cycles cannot erode.

Across our 2,416 published articles, the pattern we have documented across 18 regulatory events suggests the next 12-18 months will be defined by how aggressively peer exchanges replicate Binance’s ADGM-style three-entity model. Our editorial view: capital retention, not trading volume, is the metric that will separate the next tier from the rest.