Binance's 8th Anniversary: Eight Stories You Might Not Have Heard
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Binance's 8th Anniversary: Eight Stories You Might Not Have Heard
Eight years of journey, eight sets of data—what remains unchanged is our symbiotic resonance with the community.
Navigating Web3 tides with focused insightsBy Binance
Key Takeaways
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In just eight years, Binance users have cumulatively traded over $125 trillion—surpassing the total global GDP in 2024.
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From exceptional performance and diverse products to a "security-first" philosophy and a seamless "save-and-spend" ecosystem, Binance is steadily bridging the gap between crypto assets and everyday life.
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All of this has been made possible by the strength of our global community.
Eight years ago, Binance was founded with an ambitious vision: to make cryptocurrency accessible to all. Over the past eight years, amid constant change in the crypto industry, we’ve grown continuously—developing new tools, overcoming challenges, and accompanying tens of millions of users worldwide in exploring the endless possibilities of digital assets. On this eighth anniversary, let’s look back at this extraordinary journey through eight lesser-known stories—and look ahead together to the future.
1. Eight Years, $125 Trillion in Trading Volume
Since its founding in 2017, Binance users have generated over $125 trillion in cumulative spot and futures trading volume. This exceeds the global GDP of $110.5 trillion in 2024 by 13%. Meanwhile, approximately 217 million transactions occur daily on Binance—equivalent to about 2,511 transactions per second.
This remarkable scale relies on Binance’s highly scalable infrastructure, which has handled up to 4.475 million requests per second during extreme peaks, while maintaining low latency and high stability. This resilience ensures the platform operates with minimal delay and exceptional reliability—even during periods of market volatility or peak demand.
Performance alone doesn’t drive volume; breadth of choice matters too. Today, Binance offers 1,573 trading pairs, spanning mainstream and emerging tokens, attracting a diverse global user base active around the clock.
Scale, speed, and variety—combined—have cemented Binance’s leading position in the crypto market.
2. Security First: Preventing $10 Billion in Potential Fraud Losses
Security is a core principle at Binance. Between December 2022 and May 2025, Binance’s security team helped 7.5 million users freeze and recover assets, preventing nearly $10 billion in potential fraud losses. Our risk team continuously innovates and refines detection systems to identify malicious activity earlier, respond faster, and adapt to evolving threats.
We are not just a last line of defense—we are guardians for our users. Binance regularly publishes security guides to help users recognize scams, protect their assets, and participate in the crypto world with greater confidence. These efforts may have prevented even more losses than officially reported.
3. Binance Wealth Management: Over $50 Billion in User Earnings
Not everyone prefers high-frequency trading. Many users choose to hold assets and grow their value over time. For those who avoid frequent trading, Binance Wealth Management offers an alternative path. Through flexible savings, staking, and auto-investment products, users have collectively earned and saved over $50 billion in the past eight years. This demonstrates strong market demand for crypto-based financial products and reflects Binance’s mission to make financial tools more inclusive and efficient.
4. Binance Pay: $230 Billion Processed, 300 Million Transactions
If Binance Wealth Management helps users accumulate wealth, Binance Pay enables that wealth to flow freely. Together, they deliver traditional banking-style “save-and-spend” functionality—redesigned for a borderless, digital-first world. As of mid-2025, Binance Pay has processed over $230 billion across more than 300 million transactions.
The platform has helped users save approximately $17.5 billion in cross-border remittance fees, offering low-cost, high-efficiency payment solutions for freelancers, merchants, and families worldwide. Binance’s vision is becoming reality: enabling crypto not just as something to hold, but as an asset that can be used anytime, anywhere, globally.
5. 20 Million Users Trust Binance Wallet
For users who prefer on-chain operations, Binance Wallet provides a simple, secure, and self-custodial gateway.
Already used by 20 million people worldwide, Binance Wallet has become a cornerstone of Binance’s decentralized product suite, enabling exploration of DeFi, DApps, and on-chain tools. From mid-February to the end of May 2025, eligible users on the Binance Alpha platform received an average airdrop reward of $2,569 and $1,651 in TGE allocations.
6. Compliance Expansion: 21.8% of Employees Focused on Compliance
In a rapidly evolving regulatory landscape, compliance is foundational to long-term trust and sustainable growth. That’s why Binance continues to invest heavily in strengthening its global compliance framework.
In 2025, Binance expects to increase compliance spending by 33%, with 1,270 employees (21.8% of total headcount) dedicated to transaction monitoring, legal advisory, investigations, and policy implementation. This reflects Binance’s firm commitment to transparency, accountability, and collaboration with regulators worldwide.
7. Giving Back: Binance Charity Donates $40 Million
Binance’s mission extends beyond users—it includes communities around the world, especially those not yet part of the crypto ecosystem. Since day one, our community has placed great trust in us, and through Binance Charity, we aim to pass that support forward.
To date, Binance Charity has donated over $40 million to education and disaster relief, benefiting nearly 4 million people globally. Of this, over $5.5 million has supported education initiatives, including scholarships and grants. These efforts not only assist vulnerable students but also lay the groundwork for broader crypto adoption. Whether in classrooms or disaster zones, Binance Charity remains a key driver of inclusive impact.
8. Borderless Education: Binance Academy
While our donations reach disadvantaged communities and students globally, we firmly believe education should be accessible to everyone—regardless of background, experience, or location.
This belief led to the creation of Binance Academy, a free, open learning platform that empowers anyone, anywhere to access crypto education. Available in 29 languages, Binance Academy serves both complete beginners and experienced users seeking deeper knowledge.
To encourage learning, we’ve distributed over $12.8 million in rewards through our “Learn and Earn” program, allowing users to learn by doing—lowering barriers to entry and helping more people understand the crypto world in an intuitive way.
To date, over 64 million people have built their crypto knowledge through Binance Academy. Through philanthropy and education, Binance remains committed to nurturing a more informed, diverse, and empowered global community.
Conclusion
Eight years, eight data points—the constant thread is our shared journey with the community. These numbers reflect every trade, storage, payment, and act of trust by global users through cycles of change and waves of regulation. The future is here. Let’s move forward—together—building, growing, and forging a new path ahead.
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