January 2, 2025 – Binance, the world's largest cryptocurrency exchange by trade volume, has reached an incredible milestone of 250 million users. This achievement underscores Binance's growing influence and adoption in the digital assets industry.
CEO Richard Teng expressed his excitement and gratitude to the Binance community for helping achieve this monumental success. He stated, “What a year. We’ve hit an incredible milestone of a quarter billion users. A huge thank you to our amazing community for making this possible. Together, we’re one step closer to our vision of onboarding 1 billion users. Here’s to an even bigger 2025!”
This milestone comes after a year of significant progress for Binance, with the platform recording about $22.6 billion in user deposits, surpassing the combined total of the next 10 largest crypto exchanges. Binance also became the first centralized platform to reach $100 trillion in lifetime trading volumes.
To further expand its offerings, Binance has announced new trading options for its users, including Binance Futures launching perpetual contracts with up to 75x leverage for various pairs.