The world of cryptocurrency has experienced exponential growth, with Binance taking center stage as a leading platform. Since its inception in 2017, Binance has transformed the landscape of digital trading. Whether you’re a seasoned crypto investor or just stepping into the blockchain realm, it’s impossible to ignore the impressive milestones Binance has achieved over the past few years. As we head into 2025, let’s take a deep dive into the statistics behind Binance’s user growth, global impact, and market dominance.
Editor’s Choice: Key Milestones and Growth
- Binance registered over 270 million users by April 2025, solidifying its position as the largest cryptocurrency exchange platform globally.
- The platform’s monthly active users (MAUs) surpassed 100 million during peak trading months in 2025, showing an increase of 11% from the previous year.
- Binance saw $2.2 trillion in spot trading volume in Q1 2025, marking a 100% year-over-year growth.
- In the first quarter of 2025, Binance reported that it had facilitated more than $2.2 trillion in trading volume, a record for the platform in such a short period.
- By April 2025, Binance had onboarded over 30 million new users from emerging markets like Latin America and Africa, reflecting its strategy to increase global reach.
- Binance Academy, the platform’s educational arm, saw over 7 million new learners in 2025, showcasing Binance’s dedication to educating its user base.
- The platform’s native token, BNB, has seen a price appreciation of 300% since its launch, reaching a market cap of $90 billion in May 2025.
User Growth and Demographics
- Binance’s user base grew by 47%, reaching 250 million total users by early 2025, largely driven by adoption in regions like Asia and Latin America.
- 32.14% of Binance’s users are aged between 25 and 34, with 21.55% being aged 35 to 44, indicating a predominantly millennial user base.
- 70.67% of Binance users are male, with the platform seeing a gradual increase in female traders, representing 29.33% of the user base in 2025.
- The platform saw the highest growth rates in Africa, with Nigeria alone reaching over 22 million users in 2025.
- Binance reports that over 45% of its users are from emerging markets, reflecting the platform’s global reach beyond traditional financial hubs.
- Over 75% of Binance’s users utilize the platform’s mobile app, with the app boasting 95 million downloads.
Global Market Share
- Binance holds a 38% global market share in centralized crypto exchanges as of Q2 2025, maintaining its leading position despite increased competition.
- The platform processes an average of $30 billion in daily trades, solidifying its status as the largest cryptocurrency exchange by trading volume.
- Binance’s spot trading accounts for 45% of the global market, reflecting its dominance in spot trading activities.
- In Asia, Binance continues to lead with a significant user base, contributing to its global dominance.
- In North America, Binance captures 17% of the crypto trading market, maintaining a strong presence despite regulatory challenges.
- Binance Coin (BNB) maintains its position among the top 5 cryptocurrencies by market cap, with a current market capitalization of approximately $91.9 billion.
- By early 2025, Binance’s market share in Europe stands at 40%, making it one of the leading exchanges by volume in the region.
Binance Users by Country
- India leads globally with over 103 million users in 2025, reflecting its massive crypto adoption.
- Nigeria remains Africa’s top market with 22 million users, showcasing a 30% growth from the previous year.
- Vietnam boasts 20 million users, solidifying its position as a leading crypto hub in Southeast Asia.
- The United States accounts for 55 million users, representing 12% of Binance’s global user base despite regulatory challenges.
- Brazil has over 25.95 million users, marking a significant increase from the previous year.
- Philippines sees 15.76 million users, highlighting its growing engagement in the crypto space.
- Turkey maintains a strong presence with 10 million users, reflecting steady growth in the region.
Usage and Activity Statistics
- 75% of Binance users trade weekly in 2025, with the most active traders based in Asia and Europe.
- Binance processed an average of 8.865 million transactions per day on its Smart Chain as of May 2025, reflecting a 146% year-over-year increase.
- 65% of users actively trade in Binance’s futures market, maintaining its position as one of the largest platforms for crypto derivatives.
- In Q1 2025, the global NFT market recorded a trading sales volume of $4.8 billion.
- Staking has become increasingly popular, with 40% of Binance users participating in staking programs for coins like BNB, ETH, and ADA.
- The Binance Earn program saw over $500 million in user deposits, with high interest in yield farming and flexible savings accounts.
- In April 2025, binance.com received 70.31 million visits with an average session duration of 11 minutes and 30 seconds.
Centralized Exchange (CEX) Market Share
- Binance dominates the centralized exchange space with a market share of 41.68%, maintaining a significant lead over competitors.
- OKX holds the second spot with a notable 16.19% share of total CEX volume.
- Bybit follows with 12.50%, marking strong user activity and volume growth.
- Bitget has secured 10.28%, reflecting its rising popularity among traders.
- MEXC Global accounts for 4.10%, showing moderate participation in the market.
- Gate.io and Crypto.com trail with 2.44% and 2.40% respectively, capturing smaller but steady portions of the volume.
Binance’s 24-hour Trading Volume and Its Peaks
- Binance’s spot trading volume peaked at $2.2 trillion in Q1 2025, marking a significant milestone in the platform’s trading activity.
- The average 24-hour trading volume in April 2025 was approximately $16.3 billion, reflecting a 14.62% decrease from the previous day.
- During major crypto events, such as Bitcoin’s surge past $100,000, Binance’s spot trading volume reached a local peak near $5 billion.
- Binance’s spot trading volume stood at $15.17 billion in the last 24 hours, showcasing the platform’s liquidity.
- The platform’s 24-hour futures trading volume was reported at $63.23 billion, indicating robust derivatives activity.
- By April 2025, Binance’s monthly trading volume declined to $482.6 billion, an 18% drop from March, yet it maintained a leading position in the market.
- BNB and Bitcoin trading pairs accounted for nearly 35% of the platform’s total 24-hour trading volume on average.
Revenue and Profit
- Binance generated approximately $17.5 billion in revenue in 2025, driven by its expanding user base and diversified services.
- The company’s net profit for 2025 is estimated at $4.8 billion, reflecting resilience amid evolving regulatory landscapes and market dynamics.
- Trading fees remain the largest source of income for Binance, contributing to approximately 80% of its total revenue in 2025.
- Binance’s futures trading platform contributed approximately $3.5 billion in revenue in 2025, marking a 9.4% increase from the previous year.
- Binance Earn, offering yield farming, staking, and savings products, generated approximately $550 million in revenue in 2025, appealing to long-term crypto holders.
- NFT trading fees on Binance brought in approximately $160 million in 2025, as the NFT market continued to evolve with new offerings.
- The launch of Binance Pay, facilitating crypto payments, generated approximately $110 million in transaction fees in 2025, reflecting the platform’s expansion beyond trading.
Top Fintech App Downloads
- Binance leads the fintech app market with 6.3+ million downloads, securing the top global position.
- Revolut ranks second with 6.0 million downloads, remaining a strong competitor in the digital finance space.
- Bybit follows closely with 5.2 million downloads, highlighting its growing global user base.
- OKX records 4.8 million downloads, maintaining its role as a major exchange app.
- Crypto.com and Coinbase hit 4.3 million and 4.0 million downloads, respectively, reflecting continued user trust.
- Rising players like Bitget (3.3M) and MEXC (2.8M) show increasing traction in emerging markets.
- Robinhood and Kucoin also stay relevant with 2.6 million and 2.4 million downloads.
- The list continues with popular platforms like Etoro, Kraken, Binance.TR, Skrill, and Bitcoin.com, each crossing the 1 million mark in app downloads.
Binance USD (BUSD) Market Capitalization
- BUSD’s market capitalization has declined to $57.77 million as of May 2025, a significant drop from its previous standing as the third-largest stablecoin.
- The 24-hour trading volume for BUSD has decreased to approximately $3.07 million, reflecting diminished activity.
- BUSD’s presence in DeFi protocols has waned, with its market cap shrinking below $58 million due to sustained regulatory pressures.
- The average daily transaction volume has fallen to around $3 million, indicating reduced usage among traders.
- BUSD’s integration into DeFi platforms has diminished, with its role in liquidity pools and lending platforms significantly reduced.
Public Confidence in Cryptocurrency Safety and Security
- Among all informed adults, only 7% feel very confident in cryptocurrency security, while 26% are very unconfident.
- 33% of informed adults are somewhat unconfident, and 34% are somewhat confident in crypto safety.
- Never-owners show high skepticism: 41% are very unconfident, and only 2% are very confident in crypto security.
- In contrast, current owners are more trusting, with 47% somewhat confident and 13% very confident.
- Just 13% of current crypto owners are very unconfident, indicating a stronger belief in crypto safety within the user group.
Security and Compliance Initiatives
- Binance invested $500 million to enhance its security infrastructure, including hiring 1,000 additional cybersecurity professionals.
- The SAFU (Secure Asset Fund for Users) fund, created to protect users, holds $1 billion in USDC.
- Binance’s Futures Insurance Funds serve as safety nets to limit the impact of liquidations, protecting traders from adverse losses.
- The platform completed multiple independent security audits in 2025, receiving high ratings for its systems and protocols.
- Binance introduced real-time transaction monitoring tools that resulted in a significant decrease in fraudulent activity on the platform.
- To comply with global Anti-Money Laundering (AML) standards, Binance partnered with Chainalysis to track suspicious transactions more effectively.
- Two-factor authentication (2FA) adoption reached 80.5% of Binance users by early 2025, significantly enhancing account security.
Recent Developments
- Binance launched opBNB, a Layer 2 scaling solution built on the OP Stack, enhancing BNB Smart Chain’s scalability and reducing transaction fees.
- Introduced zero-fee trading on all pairs within Binance Wallet from March 17 to September 17, 2025, boosting user activity.
- Expanded its institutional trading desk, now serving over 200 financial institutions globally.
- Added support for new fiat currencies, including EUR, enhancing accessibility for users in various regions.
- Expanded DeFi offerings with new staking options, attracting significant locked assets.
- Binance Charity donated over $1.5 million in BNB to support disaster relief efforts in Myanmar and Thailand.
- Launched the World Digital Identity Project in six major U.S. cities, aiming to enhance privacy and security for users.
Conclusion
Binance’s growth trajectory shows no signs of slowing down as it continues to dominate the cryptocurrency exchange market globally. Despite facing regulatory challenges, Binance has strengthened its platform through compliance initiatives, security upgrades, and innovative new features. With over 140 million users, the platform is well-positioned for further expansion in 2025. Its emphasis on user security, global accessibility, and product diversity ensures that Binance remains at the forefront of the evolving digital finance landscape.
