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Binance Statistics: Users, Revenue and Market Share in 2024

Are you looking for Binance statistics to decide on the best cryptocurrency platform? This article discusses all the vital stats that can help you make your decision. Binance is a relatively new platform launched in 2017 by Changpeng Zhao, who worked as CTO for OKCoin.

Binance is the world’s most popular cryptocurrency exchange, first launched in Hongkong. As per Binance statistics, Binance was responsible for over $7.7 trillion in crypto exchange volume in 2021. This leading platform has over 28 million registered users as of October 2021. Binance also has its coin, the fifth most valuable cryptocurrency in the market. 

We have collected the newest Binance statistics for the year 2022. This article discusses different Binance statistics, ranging from its market cap to its annual growth.

Key Binance Statistics 2022

Here are some major Binance statistics that explain why it is the leading exchange platform in the market today.

  • In 2021, Binance had more than 28.6 million registered users on its platform. It was a 53% increase in subscribers compared to 2018 when it had just 13 million monthly users. 
  • Binance has more than 13.5 million active users on its platform. 
  • More than 48% of people who use Binance are crypto enthusiasts and hobbyists. 
  • In 2021, Binance recorded 14.7 million blockchain transactions in one single day. 
  • Binance processed trades worth $76 billion, just for Bitcoin and Ethereum. This is its peak 24-hour trading volume. 
  • According to sources, Binance recorded revenue of $5.5 billion in 2020. In 2021, their revenue shot up to $20 billion. 
  • In 2020, Binance made a profit of around $1 billion, making it one of the leading cryptocurrency exchanges in the industry.
  • The annual spot trading in the year 2021 for Binance is already seven times higher than the previous year. 
  • Binance facilitates more than 1.4 million transactions every second.

Binance Overview

This section of Binance statistics will discuss this popular trading platform and where it all started. Binance is one of the largest cryptocurrency platforms in the world. It offers a robust selection of trading options and features. However, unlike its competitors, it is not very user-friendly. 

Binance was founded almost five years ago, in 2017, by a software developer Changpeng Zhao. It is a decentralized crypto exchange that was initially based in China. As per its trading volume, it is the largest cryptocurrency exchange globally. It has moved its servers and headquarters to Japan due to the ban on cryptocurrency trading by the Chinese government. 

The platform offers more than 100 cryptocurrencies, including Bitcoin, Ethereum, and the Binance coin. However, the US version of the platform has a few restrictions and offers around 65 cryptocurrencies. 

Anyone can sign up on this platform and start buying, selling, or exchanging the cryptocurrencies of their choice. You only have to pay a meager amount of transaction fees each time you add money to the platform. 

The Binance cryptocurrency platform has multiple advanced security tools that help you trust this trading platform. This decentralized software offers Binance a smart chain. The smart chain utilizes your authority proof to ensure that all the transactions are valid. Despite all the scrutiny and restrictions, Binance has faced, it has still surpassed Coinbase to become the most successful trading platform. 

Binance is more suited for advanced traders. It has tons of options to study the trading cycle and the map. This, in turn, allows you to make a more informed investment into your cryptocurrency. The platform may be a little confusing for traders who are just learning about the basics of crypto. 

How Did Binance Become the Leading Crypto Exchange?

The boom of digital currencies and assets made cryptocurrency platforms one of the first choices for investors. Binance began its journey almost five years ago, where it entered a $2.6 trillion crypto industry. This decentralized platform has no headquarters and servers in Japan. 

Binance, over the years, acquired multiple organizations. The ecosystem now supports different crypto exchanges, TWT token launchpad, cryptocurrencies, and Trust Wallet. Bitcoin is the largest daily trader of Bitcoin and Ethereum. In 2021, the peak trading volume accounted for $76 billion. This is more than the combined number of its four most prominent rivals. 

Despite the regulatory restrictions imposed on the platform, it could not hinder its growth. The company reacted positively to all the regulations and improved the security standards of its platform. They now use Binance Smart Chain to ensure all the transactions made are valid. 

Binance has even reduced the service offerings to follow the guidelines of the local regulators. This has allowed the platform to gain more trust among its users. More than 50% of the active users on this platform are loyal to Binance. 

Another critical reason that facilitated the growth of the platform is developing countries. Binance became popular in countries that do not have a developed financial system like Russia, the Philippines, and South Africa. The popularity of the platform, in turn, led to an increase in demand. Binance’s price skyrocketed, making it the number one crypto exchange platform.

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Binance Valuation

This section of Binance statistics will discuss the valuation of the largest crypto exchange platform worldwide. Since the company is not public yet, they do not disclose their revenue and only focus on profits. 

As per resources, Binance had a market capitalization of $1.3 billion in 2018 and became the largest cryptocurrency exchange. The platform has raised over $25 million in funding in 3 rounds. They are funded by 11 private investors, including Vertex Ventures. 

Binance has also raised around $2 billion across four funds, significantly impacting their valuation. The Binance Smart Chain fund was announced in 2021 and raised over $1 billion. Binance has also acquired over seven organizations over the years, allowing its investors to profit from their stake.

Profit Statistics for Binance

This section of Binance statistics will discuss the profit section of this leading cryptocurrency exchange. Despite the bans of the Chinese government, Binance had a pretty lively start in 2017. It reported a net income of $7.5 million in the first year. 

By 2018, Binance grew its profits by three folds in its second year of business. They reported a net income of $800 million. However, 2019 wasn’t so kind to the company. They faced a lot of bans and restrictions from the United States, and their income slightly retreated. Binance reported a net income of $750 million in their third year of business. 

In 2020, Binance made a revenue of $5.5 billion and reported a profit of $900 million. With the trend of cryptocurrency gaining pace, the company in 2021 made a revenue of $20 billion.

Binance User Statistics

Binance was launched when Bitcoin had already started gaining some recognition worldwide. People had begun to recognize the value of digital currencies and were on the lookout for trusted crypto exchange platforms. In this section of Binance statistics, we’ll discuss the user statistics for Binance over the years.

Since its launch in 2017, Binance has successfully marketed itself as a trusted decentralized platform. It had over 1.5 million registered users on the platform within the first year. With Binance launching its services in different countries, its user base grew by 13.3 million in 2018. 

By 2019, the cryptocurrency exchange platform had over 16.5 million users. Binance has steadily grown its users year after another in the past two years. In 2020, the platform reported 21.5 million active users. By 2021, the number rose to 28.6 million users.

These Binance statistics indicate that no matter how many restrictions different governments impose on this platform, they’ll emerge stronger than before.

Out of these active users, around 15% use Binance as their primary source of income. 48% of Binance users are either crypto enthusiasts or hobbyists. They only use the platform to study more about the market and invest their savings. 

Most Binance users allocate up to 20% of their crypto portfolio to Bitcoin. More than 65% of users on Binance own Bitcoin, making it one of the most popular cryptocurrencies. 

Additionally, around 90% of Binance users are males, with their average age between 30 and 35 years.

Usage of Binance by Countries

This section of Binance statistics will analyze the platform’s users based on the countries they reside in. Binance is a global cryptocurrency exchange platform with its servers set up in Japan. The platform sees the highest traffic from Turkey, accounting for 6.57% of monthly active users. 

Russia stands in the second position, accounting for over 5.5% of active Binance users for 2021. The third spot is taken up by Brazil, which accounts for 5.18% of users. Argentina is in the fourth position with 4.46% of Binance users. The Philippines accounts for 4.21% of the total monthly active users on Binance. 

Despite the popularity of crypto rising in the United States, people do not trust this platform. The government has imposed a lot of bans on Binance. They only have over 65 popular cryptocurrencies listed on the US version of the platform.

Peak Trading Volume for Binance

This section of Binance statistics will discuss the peak trading volume the platform recorded in 24 hours. When Binance was founded in 2017, it recorded a peak trading volume of $3 billion in 24 hours. In 2018, the peak trading volume increased to $19 billion. 

2019 was not a great year for Binance as it faced bans and backlash from multiple countries worldwide. Its peak trading volume retreated slightly and was recorded at $15 billion. 

Binance jumped back in the game in 2020 and recorded a peak trading volume of $35 billion. As per the Binance statistics, the peak trading volume stood at $76 billion for the previous year. 

The trading platform launched its own coin in July 2017, and it has picked up pace in the past years. In 2021, Binance had a market cap of $70 billion and had over 168 million coins circulating on different trading platforms. 

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As of November 8, 2021, Binance recorded a leading market share of $26 billion among other crypto exchanges. The second spot was bagged by Mandala exchange which reported $21.76 billion in trade volume. OKX stood in third place and reported a market share of $6.83 billion.

Annual Exchange Volume for Binance

This section of Binance statistics will discuss the annual exchange volume on the Binance platform. In simple words, the exchange volume stands for the number of cryptocurrencies exchanged between buyers and sellers in a year. When Binance was launched, it reported an annual exchange volume of $59 billion. 

In 2018 the number increased by ten folds, and Binance reported the annual exchange volume at $515 billion. 2019 saw a slight dip in the numbers and reported a volume of $401 billion. In 2020, the annual trade volume soared up to $1.07 trillion. Last year, in 2021, Binance reported an annual exchange volume of $7.5 trillion. 

The second leading platform is FTX, with a total annual exchange volume of $385 billion. Coinbase stands third on the annual crypto volume chart and has a trading volume of $195 billion.

How Does Binance Make Money?

This section of Binance statistics will analyze how Binance makes money. Binance has no restrictions on the daily maximum trading amount. This implies that you can trade to whatever amount you feel like with this platform. 

For every transaction you make via the platform, Binance charges a 0.1% fee of the transaction amount. If your transaction is higher than $10, Binance will charge you 3.5%.

As per the Binance statistics, this leading cryptocurrency exchange has multiple payment options. You can use mobile wallets, debit cards, and credit cards to deposit money on Binance.

Binance Coin Statistics

This section of Binance statistics will discuss the company’s own token, known as the Binance coin. The BNB coin became popular after its launch and is now one of the top five most valuable cryptocurrencies worldwide.

Binance coin is a cryptocurrency that Binance introduced in July 2017. You can use it to trade or pay fees on the Binance trading platform. When you use the BNB coin on the platform, you receive a discount on the transaction fees. You can also exchange the coin in return for other currencies, including Litecoin, Ethereum, or Bitcoin. 

When the BNB coin was first launched, it was distributed among the various participants, angel investors, and the Binance founding team. 50% of the coins were open to public sale. This accounts for 100 million BNB coins.

The angel investors received 10%, which amounted to 20 million BNB coins. And the Binance founders receive 40% of the launch. This amounts to 80 million BNB coins. 

All the tokens available for public sale were distributed at 15 cents. Therefore, the company raised around $15 million in Ethereum and bitcoin. 

Today Binance coin is the fifth most valuable cryptocurrency in the market. In 2017, one BNB coin was worth $0.15. By 2018, the coin was valued at $6.01. By 2019, the BNB coin doubled its value and was priced at $13. And in 2021, the BNB coin price increased by 97% and jumped to $518.

Did Regulatory Crackdown Affect Binance? 

In 2019, 2020, and 2021, the trend of cryptocurrencies saw a considerable spike. During this time, different countries either banned Binance or issued warnings against this platform. Governments across the globe were worried about money laundering practices and consumer protection. However, this had a minimal impact on the growth of Binance. 

Responding to the warnings and bans issued by multiple countries, including the United States, Binance tightened its security checks. The platform responded positively to the regulations and reduced its product lineup. While these restrictions should have had a negative impact on the platform’s growth, the results were quite the opposite. 

The trading volumes for Binance in July were $454 billion. In September, the trading volumes rose to $789 billion. This rise, in turn, suggests that Binance has made its place in the global cryptocurrency market. It is the world’s largest digital asset platform. 

Binance is performing pretty well when compared to other cryptocurrency exchange platforms.


The Binance statistics clearly displayed that Binance is the leading cryptocurrency exchange worldwide. Even though it was started just five years ago, it has gained a lot of loyal customers. Binance is made for both beginner and advanced traders. It offers multiple features for free, allowing you to make informed investing decisions. 

Binance has more than 28 million users on its platform, with a net profit of more than $1 million. Even though many developed countries impose warnings and regulations on the platform, Binance has a positive outlook. The platform is trying to comply with all the regulations and improve its security. Despite all the bans and restrictions, the Binance statistics clearly indicate how successful the platform is.