- January 9, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Binance News: 250M Users and $100 Trillion Trading Volume – 2024’s Jaw-Dropping Stats appeared first on Coinpedia Fintech News
Binance wrapped up 2024 with jaw-dropping numbers. The platform now boasts over 250 million registered users, adding a whopping 50 million in just six months. Its trading volume hit an eye-popping $100 trillion, showing just how much trust and activity it has in the crypto world.
Binance’s 2024 End-of-Year Report to boost investor confidence in the company.
Security First: Protecting User Funds
Security and compliance were key pillars of Binance’s success. The exchange prevented $4.2 billion in potential user losses, recovering $88 million from malicious actors. With a dedicated compliance team of 650 experts, Binance secured authorizations in 21 jurisdictions, reinforcing its commitment to user safety. Collaborating with global law enforcement, the platform responded to 65,000 requests and trained over 1,300 investigators in 80 countries, showcasing its proactive approach to market integrity.
Binance Pay and DeFi Growth
Crypto payments and decentralized finance (DeFi) saw massive growth on Binance this year. Binance Pay’s user base shot up by 226%, and the platform expanded fiat-to-crypto services to 20 new countries. If you’re into DeFi, Binance Earn simplified the process and increased its value by 144%.
Binance isn’t just about trading; it’s about learning too. Binance Academy educated 44 million users in 2024, helping them navigate the fast-changing crypto space. Tools like the Risk Sniper channel made it easier for users to spot scams and stay safe.
Binance also made waves with its charitable work. Binance Charity provided $6.9 million in aid to 72,000 people affected by disasters. Plus, programs like the Women in Technology Academy aimed to make the tech world more inclusive.
For traders, Binance brought innovations like Spot Copy Trading and BFUSD boosted activity across Spot, Futures, and Margin products, further solidifying Binance’s market leadership. With $160 billion in user assets under custody and a growing institutional user base, Binance proved it is more than an exchange—it’s a cornerstone of the crypto revolution.
Not All Went Well…
Despite Binance’s milestone of surpassing 250 million users, BNB’s price remains stuck between $700 and $750, disappointing holders who expected a rally. Legal challenges, including a $4 billion SEC fine and leadership changes, have dented confidence in the token.
Many countries like Bulgaria, Czech Republic, France, Greece, Hungary, Italy, Latvia, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, and Spain have banned their operations to secure crypto users.
