Alexis Kestler
Hey there! As a fellow crypto and technology enthusiast, I wanted to share some fascinating stats I‘ve uncovered about Binance.
As you probably know, Binance is the world‘s largest cryptocurrency exchange. In just 5 short years, it has exploded to dominate the crypto trading markets.
But how big is Binance really? And what key metrics show its growth and success?
I‘ve dug up the top 10 Binance statistics to know for 2025. These stats come from reputable sources like Binance, SimilarWeb, and Bloomberg.
Grab a coffee, settle in, and I‘ll walk you through what makes Binance an unstoppable crypto leader. Let‘s get started!
1. Binance has over 30 million registered users
The first mind-blowing Binance statistic is user count. Binance has signed up over 30 million registered users on its platform and mobile apps.
To put this into perspective, that‘s more users than the globally popular stock trading app Robinhood. They have around 22.5 million funded accounts.
So Binance now exceeds Robinhood‘s user base, which is just insane growth in 5 years.
Even more incredibly, Binance had only around 120,000 users back in 2017 when it started. That‘s an increase of 25,000% in registered users from 2017 to 2022!
In terms of web traffic, Binance draws over 29 million visitors per week on average. I can‘t even imagine how their servers handle that kind of traffic load.
Back in 2017, Binance was getting between 4,000 to 6,000 new signups daily. Now the number is likely in the tens of thousands per day as adoption snowballs.
Trust me when I say hitting 30 million users is an epic achievement for any consumer startup. Binance has tapped into a truly global audience hungry to buy and sell crypto coins.
2. Binance was founded in 2017 and saw parabolic growth
Given Binance‘s size today, it‘s easy to forget it only launched in 2017. The exchange was founded by Changpeng Zhao (aka CZ) who envisioned a blazing fast crypto trading platform.
Binance.com officially went live on July 14, 2017 after raising funding through an ICO (initial coin offering).
Within the first week, Binance already had:
- 9,000 users register on day one
- Over $7 million traded by day three
- 100,000 registered users by week three
- Issued its own BNB token by week four
Momentum accelerated rapidly from there as traders flocked to the platform.
By early 2018, Binance was averaging $1.7 billion a day in trading volume. Then in March 2018, it hit the milestone of becoming the world‘s largest crypto exchange.
Fast forward to today, Binance handles over $76 billion in daily trading volume. Talk about exponential growth!
From its humble launch in 2017 to today‘s crypto juggernaut, Binance‘s rise has been simply mind-blowing.
3. Binance generated $20 billion+ in revenue in 2021
Now this next statistic really shows how profitable Binance has become.
According to an analysis by Bloomberg, Binance brought in over $20 billion in total revenue in 2021. That‘s billion with a B!
To put this into perspective, competing US exchange Coinbase is estimated to hit $7 billion in revenue for 2021.
So Binance‘s revenue is almost 3x higher than Coinbase‘s, which is just bonkers. This officially makes Binance the most profitable crypto exchange by far.
What‘s driving these staggering profits? Two words – trading volume.
On January 6, 2022 alone, Binance saw $26 billion in spot trading volume and $80 billion in derivatives trading volume over 24 hours.
These immense trading volumes make Binance‘s revenue steamroll over competitors. And Binance has maintained its lead despite intensifying competition.
4. Binance earns fees from trading and withdrawals
Like all exchanges, the bulk of Binance‘s income comes from the fees it charges users.
The specific fees that Binance collects include:
- Spot trading fees: Charged as a % of trade value, starting at 0.10%
- Margin trading fees: Interest charged on borrowed funds
- Futures trading fees: Based on contracts traded
- Crypto withdrawal fees: Fixed fee based on coin, e.g. 0.0005 BTC
- P2P trading fees: Charges for buying/selling from other users
Reduced fee tiers are offered based on 30-day trading volume and holding Binance‘s BNB token. This incentivizes high-volume traders to stay active on Binance.
Between their massive user base and discounted fees, it‘s a winning formula for generating billions in revenue.
Binance is also expanding into other fee-based services like crypto loans, NFT marketplace, brokerage services and more. Multiple income streams that leverage their existing user base.
5. Binance has been banned in countries like the US, UK, China
Despite monumental growth, Binance has faced regulatory crackdowns in certain countries:
- Banned in the US: Binance.com blocked in 2019, leading to a separate US exchange Binance.US
- Banned in the UK: Banned in 2021 for not meeting anti-money laundering standards
- Banned in China: Shut down in 2017 when China banned crypto trading
- License withdrawn in Singapore: Due to failure to meet regulatory requirements
The reason behind most bans were around Binance not having proper regulations or controls in place yet.
Governments are still grappling with how to correctly regulate crypto. So unfortunately Binance got caught in the crosshairs in some instances as policies evolve.
However, Binance has made an effort to work with regulators to be compliant. They‘ve even tailored specific exchanges like Binance.US for particular markets.
But there‘s no doubt they‘ve faced their fair share of regulatory headaches. It‘s the cost of innovating in such a disruptive space.
6. Binance is estimated to be worth $300 billion+
There isn‘t an official valuation of what Binance as a company is worth. It‘s still privately held for now.
But Binance founder CZ has hinted in interviews the valuation is north of $300 billion as of early 2022.
For context, crypto exchange Coinbase which went public in April 2021 has a market cap of around $40 billion.
So Binance may be worth nearly 8x as much as Coinbase if CZ‘s estimates are accurate.
Estimates for CZ‘s personal net worth also run as high as $96 billion making him one of the richest men alive. Though these figures are speculative given the private nature of Binance currently.
An IPO for Binance‘s US division could happen in the future according to CZ. That would give us the first reliable estimate of what Binance‘s empire is worth.
7. Binance was founded by Changpeng Zhao (CZ)
The genius behind Binance is undoubtedly its founder Changpeng Zhao, better known as CZ.
CZ was born in China in 1977 and moved to Canada in the late 1980s. Even from a young age, he displayed intense entrepreneurial drive.
He built his first website at age 12, and by high school was selling CD-ROMs to students for $2.99 each to pay for his own computer.
Before starting Binance, CZ developed trading systems for the Tokyo Stock Exchange and Bloomberg‘s futures trading. He also served as head of development at cryptocurrency wallet provider Blockchain.com.
Seeing the potential for a high-speed crypto exchange, CZ recruited a small team to start building Binance in early 2017.
With CZ‘s deep trading system experience, Binance launched its first version in just 180 days. The rest as they say is history!
Under CZ‘s technical leadership and business vision, Binance has dominated the crypto markets while withstanding extremely turbulent times.
8. Binance has 2000+ employees working across the globe
From just a handful of people in China originally, Binance now has over 2000 employees based in over 20 locations around the world.
This allows Binance to provide 24/7 customer support in multiple languages including English, Chinese, Japanese, Korean and Spanish.
Binance is also aggressively expanding its team, with around 2000 open positions listed on their careers page as of February 2022.
The most in-demand roles are in software engineering, cybersecurity, compliance, marketing, product management and more.
This massive hiring spree shows how Binance is investing to rapidly scale up across functions. They certainly have the war chest to fund huge growth.
Considering Binance only launched in 2017, building a 2000+ person global team in just 5 years is wildly impressive.
9. Turkey generates the most web traffic for Binance
Analyzing Binance‘s website traffic reveals surprising trends about their user base.
According to SimilarWeb data, Turkey accounts for 6.4% of Binance‘s traffic – the highest of any country. Russia ranks second contributing 5.94% of Binance‘s traffic.
The remaining top traffic sources are predominantly countries like India, Vietnam and Nigeria.
More unexpectedly, China and the US do not make Binance‘s top 10 traffic countries. This highlights their broad global reach compared to Asia-focused or US-focused exchanges.
Binance‘s appeal across emerging markets shows the demand for crypto transcends borders. As internet usage grows globally, expect developing nations to drive more of Binance‘s growth.
10. Binance is a top 250 global website with 142M+ visitors
SimilarWeb ranks Binance as the 262nd most popular website worldwide as of February 2022.
For a crypto exchange just 5 years old, entering the top 300 global sites is a remarkable achievement.
Binance attracts over 142 million visitors every single month. To handle this traffic load, I imagine their infrastructure has to be immense.
Among crypto exchanges, Binance ranks 2nd by traffic behind only Coinbase, which gets 146 million monthly visits.
In Turkey specifically, Binance ranks as the 143rd most popular website in the country. That really shows Binance‘s tremendous popularity there.
Turkish users also spend an average of 8 minutes 41 seconds per visit on Binance – which is very strong engagement.
Across social media, Binance has built a huge presence with over 9 million Twitter followers and 1 million YouTube subscribers.
And there you have it – the top 10 Binance statistics you need to know for 2025!
To recap, Binance has:
- Over 30 million registered users
- Generated $20 billion+ in revenue in 2021
- Daily trading volumes of $76 billion+
- A team of 2000+ employees
- Draws 6.4% of traffic from Turkey
- Risen to a top 250 global website
Despite regulatory challenges, Binance stands strong as the dominant crypto exchange heading into 2022. Their growth and scale are unrivaled in the young blockchain industry.
Under the leadership of crypto whiz CZ, I expect Binance will continue innovating and expanding. More mind-blowing statistics are surely on the horizon!
So what do you think about Binance and its meteoric rise? Let me know your thoughts in the comments! I‘m always happy to chat crypto and decentralization trends with a fellow enthusiast.
