TechFlow reports that on January 8, Binance released its annual report for 2024, revealing that registered users surpassed 250 million, an increase of 50 million since June 2024. Institutional participation rose significantly, with VIP user numbers doubling and registered institutional accounts nearly doubling. Assets under custody exceeded $160 billion, while cumulative historical trading volume reached $100 trillion.
In terms of compliance, Binance invested hundreds of millions of dollars to expand its compliance team to 650 experts and successfully obtained regulatory licenses across 21 jurisdictions. Regarding platform security, Binance prevented $4.2 billion in potential user losses, protected 2.8 million users from fraud, and recovered $88 million in stolen funds.
Additionally, Binance Pay saw active users grow by 226%, while the total value locked in Binance Wealth Management increased by 144%. The platform set a new record by processing up to 4.44 million requests per second. Binance Academy served 44 million learners, a 63% year-on-year increase, and Binance Plaza achieved 35 million monthly active users.
