Binance 2024 End-of-Year Report Highlights 250M Registered Users
Binance's 2024 end-of-year report reveals significant growth metrics:
- Surpassed 250 million registered users, adding 50 million in six months.
- Institutional user base nearly doubled, supported by innovations like Binance Wealth.
- Cumulative trading volume reached $100 trillion.
- User assets under custody totaled $160 billion.
“From exceeding $160 billion in user assets under custody to reaching a cumulative historical trading volume of $100 trillion, Binance showcased the trust placed in it by users worldwide,” according to the report.
Security Measures and Compliance
- Prevented $4.2 billion in potential losses for 2.8 million users.
- Recovered $88 million in stolen funds.
- Compliance team of 650 experts secured authorizations in 21 jurisdictions.
- Responded to 65,000 requests from global law enforcement.
- Educated users through the Risk Sniper channel on emerging threats.
Expansion of Services
- 226% increase in Binance Pay users.
- Fiat-to-crypto channels launched in 20 countries.
- Binance Earn saw a 144% increase in value locked.
- Processed 4.44 million requests per second.
- Introduced features like Spot Copy Trading and BFUSD to boost trading volumes.
- Binance Academy educated 44 million users, a 63% increase from 2023.
Social Initiatives
- Binance Charity provided $6.9 million in aid to 72,000 disaster-affected individuals.
- Programs like Women in Technology Academy promoted inclusivity in tech.