Binance's 2025 report projects a trading volume of $34 trillion and over 300 million users, showcasing significant growth across multiple sectors.
Binance has unveiled its ambitious report for 2025, forecasting a staggering total trading volume of $34 trillion across its platform and a user base exceeding 300 million. The report, titled "State of the Blockchain: 2025 Year In Review," highlights significant growth in various sectors of the exchange.
The spot market trading volume alone reached $7.1 trillion, contributing to a cumulative total of $145 trillion since Binance's inception. Daily trading volumes increased by 18% year-over-year.
A standout feature of the Binance Alpha 2.0 platform was its processing of over $1 trillion in trading volume, attracting 17 million users and distributing $782 million in rewards through 254 airdrops. The platform's security measures effectively blocked 270,000 attempts by malicious actors to exploit reward systems.
Institutional Growth
In the institutional trading sector, Binance reported a 21% year-over-year increase in volume from institutional clients, with the VIP segment growing by 18%. Notably, OTC fiat trading surged by 210%. The report emphasized a shift in asset management and banking, moving from pilot projects to the integration of digital assets into regular operations.
“The most evident sign of this shift was the transition from the concept of tokenization to a functioning collateral system,” noted Binance, highlighting its collaboration with the BlackRock USD Institutional Digital Liquidity Fund and the launch of other collateral solutions.
Additionally, Binance announced a partnership with asset management giant Franklin Templeton, which oversees $1.6 trillion in assets.
Compliance and Security Advances
The report indicated a remarkable 96% reduction in illicit transactions since 2023. Binance's compliance efforts prevented $6.69 billion in fraud and protected 5.4 million users from potential risks. The exchange has also processed over 71,000 law enforcement requests, aiding in the seizure of approximately $131 million associated with illegal activities.
Binance achieved multiple certifications, including ISO 27001 and ISO 27701, and became the first global exchange to receive full authorization from the Abu Dhabi Global Market (ADGM).
“The ADGM license is the result of years of work to comply with one of the most demanding regulatory standards in the world,” stated Binance co-CEO Richard Teng.
A Proof-of-Reserves audit confirmed user balances of $162.8 billion across 45 assets, marking a 32% year-over-year increase. The compliance department implemented over 24 AI initiatives, with AI models influencing 80% of fraud prevention decisions.
Growth in Payments and Community Engagement
Fiat operations and P2P trading saw a 38% growth compared to 2024, with Binance Pay users increasing by 30% and merchant connections reaching 20 million. Since its launch, Binance Pay has processed over $280 billion in transactions, with stablecoins accounting for over 98% of B2C payments in 2025.
Binance Earn distributed $1.2 billion in rewards, with more than 30% of exchange assets allocated to income products. Community engagement was robust, with 1,026 events attracting 3.7 million participants, including a major conference in Dubai that drew 5,210 attendees from 120 countries.
On the Binance Square platform, over 3 million content creators and an audience of 130 million were reported, with the Write to Earn program engaging 850,000 authors. Binance Charity contributed around $5 million to assist 270,257 individuals in 2025. Additionally, the exchange launched trading for KGST, the first national stablecoin of Kyrgyzstan, on December 24.
