Cryptocurrency exchange Binance has released its report for 2025 — State of the Blockchain: 2025 Year In Review. The total trading volume across all products reached $34 trillion, and the number of registered users exceeded 300 million, according to the document.

Trading volume on spot markets for the year hit $7.1 trillion. Since its inception, the exchange's cumulative trading volume across all products has reached $145 trillion. The average daily trading volume grew by 18% year-over-year.

Source: State of the Blockchain: 2025 Year In Review.

The Binance Alpha 2.0 platform processed over $1 trillion in trading volume in 2025. This product attracted 17 million users and distributed $782 million in rewards through 254 airdrops. The protection system blocked 270,000 malicious participants attempting to exploit reward programs.

Binance expanded its listings to 490 spot assets (+14%) and 1,889 trading pairs (+18%). Futures are available for 584 coins (+56%).

Institutional Segment

The trading volume from institutional clients increased by 21% year-over-year, while the VIP segment grew by 18%. The volume of OTC fiat trading surged by 210%.

The report states that in 2025, asset management platforms and banks moved beyond pilot projects and began using digital assets in their daily operations.

“The most evident sign of this shift was the transition from the concept of tokenization to a functioning collateral system. In 2025, Binance took a step towards institutional innovation by integrating the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) as an acceptable OTC collateral, and subsequently adding USYC and cUSDO — among the first large-scale solutions of this kind in the crypto market,” Binance noted.

The exchange also announced a partnership with Franklin Templeton, which manages $1.6 trillion in assets.

Compliance, User Protection, and AI

According to the report, the volume of illicit transactions has decreased by 96% since 2023. Protective measures have prevented fraud amounting to $6.69 billion and safeguarded 5.4 million users from potential losses.

Compliance teams processed over 71,000 requests from law enforcement. With Binance's assistance, authorities confiscated approximately $131 million linked to illegal activities. The exchange conducted over 160 training sessions for government representatives.

The report mentions 29 certifications, including ISO 27001 (Information Security Management System), ISO 27701 (Privacy Information Management System), ISO 22301 (Business Continuity Management System), ISO 42001 (AI Management System), and PCI DSS (Payment Card Industry Data Security Standard). In December, Binance became the first global exchange to receive full authorization from ADGM — Abu Dhabi's financial services regulator.

“The ADGM license is the result of years of work to comply with one of the most demanding regulatory standards in the world. Its acquisition, almost simultaneously with surpassing the 300 million user mark, demonstrates that scale and trust can coexist,” said Binance co-CEO Richard Teng.

Source: State of the Blockchain: 2025 Year In Review.

The Proof-of-Reserves audit confirmed $162.8 billion in user balances across 45 assets (+32% year-over-year).

More than 24 AI initiatives have been implemented in the compliance department. Over 100 AI models operate within the fraud prevention system — they make 80% of decisions and assist in 45% of manual reviews.

3.2 million users utilized AI tools for token analysis and trading strategies.

Payments and Income Products

The volume of fiat operations and P2P trading grew by 38% compared to 2024. The number of Binance Pay users increased by 30%, and the number of connected merchants rose to 20 million.

Since its launch in 2021, Binance Pay has processed over $280 billion in transactions. In 2025, over 98% of B2C payments were made in stablecoins.

Binance Earn distributed $1.2 billion in rewards to users. According to the report, over 30% of all assets on the exchange were placed in income products.

Community and Education

Binance held 1,026 events (both online and offline), attended by 3.7 million participants. The Binance Blockchain Week conference in Dubai attracted 5,210 guests from 120 countries.

On the Binance Square platform, over 3 million content creators are registered. The platform's audience reached 130 million visitors. The Write to Earn program involved 850,000 authors.

Binance Charity donated approximately $5 million in 2025, helping 270,257 individuals. Notably, on December 24, Binance launched trading for KGST — the first national stablecoin of Kyrgyzstan.

Notably, on December 24, Binance launched trading for KGST — the first national stablecoin of Kyrgyzstan.