🦸 Binance's registered users increased by 47% in 2024, surpassing 250 million, the bitcoin exchange reported in its annual report.
🫶 The company called the achievement a "remarkable milestone" on its way to reaching its goal of 1 billion customers served.
➕ "Remarkably, we added 50 million users in less than six months, celebrating the 200 million mark in June," the platform's team emphasized.
🤴 Again, Binance's VIP client base increased by 116%, and its registered institutional users by 97%.
💱 "With options like Binance Wealth and the revamped Triparty Banking service, the exchange has become a gateway for institutions exploring the innovative potential of cryptocurrencies. As institutions drive the next wave of adoption, their growing presence on Binance reinforces the platform’s pivotal role in bridging traditional finance and Web3,” the statement read.
📢 Other highlights of the exchange’s year include:
🟨 A record-breaking 4.44 million requests processed per second;
🟨 Over $160 million in user assets under control;
🟨 A combined trading volume of $100 trillion.
📢 In terms of education and other initiatives:
🟨 Binance Academy has educated 44 million students;
🟨 The philanthropic arm has donated over $6.9 billion;
🟨 Binance Pay’s active user base has grown by 226%, and Binance Earn’s value locked by 144%.
“In 2024, we’ve doubled down on our commitment to strengthening compliance and security, investing hundreds of millions of dollars into these key programs. “Our internal compliance team has grown to 650 experts, allowing us to obtain regulatory approvals in 21 jurisdictions,” the Binance team said.
🟨 According to the report, as a result of anti-fraud measures, the exchange prevented potential user losses worth $4.2 billion, with $88 million in recovered funds.
“Strengthening our cooperation with law enforcement, our teams responded to nearly 65,000 requests and trained over 1,300 investigators from 80 countries,” Binance added.
🟨 At the beginning of 2024, Binance’s share of total trading volume on centralized exchanges fell to 34%, but by October, the figure had recovered to 41%, according to the data
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