đ Binanceâs scale and earnings
In 2024, Binance reportedly earned US$16.8 billion in revenue, marking a ~40% increase over the previous year. Although net income for 2024 was about US$464 million (slightly down ~7% year-over-year), the revenue growth shows robust business activity.
đ User base & global reach
By June 2025, Binance had more than 280 million registered users globally.The platform supports a very large ecosystem â hundreds of cryptocurrencies, thousands of trading pairs â making it one of the most comprehensive crypto exchanges worldwide.
đ Trading volume & market share
As of June 2025, Binance captured about 41.1% of global spot trading volume, underscoring its dominance in crypto-asset trading. In Q1 2025, research shows Binance processed roughly US$8.39 trillion in trades, representing more than one-third of global crypto trading activity. Even when many competitors saw declines, Binance posted strong net inflows in Q3 2025, illustrating continuing investor confidence.
đď¸ Expanding services and institutional push
Binance recently launched a new service, Binance Prestige, targeting private-wealth and institutional clients â a sign that itâs broadening beyond retail trading.Alongside its exchange business, Binance continues to operate a whole ecosystem: exchange, staking, wallets, research, NFTs, and more â giving it a versatile presence in the crypto world.
đ What It Means: Why Binance Still Leads â and What to Watch
Why Binance leads:
Huge user base + deep liquidity = lower spreads and more efficient trading, which attract both retail and institutional traders.Diverse product offerings beyond spot trading (derivatives, staking, wallets, etc.) â makes it a one-stop ecosystem for crypto users.Continuous inflows and high trading volumes signal strong trust and confidence from global users/investors.
Risks and what to watch:
Despite growth in revenue, net profits saw modest decline in 2024 â this could be due to increased costs, regulatory compliance, or market volatility.As Binance expands into institutional services, regulatory scrutiny and compliance demands may increase â especially from jurisdictions wary of crypto.The crypto market remains volatile; large swings in token prices or global macroeconomic events could impact trading activity and revenues.
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