Binance closed 2025 with record activity across trading, user growth, and infrastructure, according to its newly released State of the Blockchain 2025 report.
The figures underscore the platform’s shift from a high-volume exchange into a broader financial services backbone for digital assets.
Total trading volume across all Binance products reached $34 trillion during the year. Spot trading alone accounted for more than $7.1 trillion. By year-end, the platform’s global user base had surpassed 300 million registered accounts, while user assets under custody climbed to $162.8 billion.
Institutional and Retail Activity Accelerates
Growth was not limited to retail traders. Institutional trading volume rose 21% year over year, signaling deeper participation from professional market participants. Over-the-counter fiat trading expanded even faster, with volume up 210%, reflecting increased demand for large, off-exchange transactions.
Everyday usage also continued to scale. Fiat and peer-to-peer trading volumes grew 38%, while Binance Pay users increased by 30%. The payment service is now accepted by more than 20 million merchants, pushing crypto-based payments further into routine commerce.
Regulatory and Security Milestones
The report highlights a major regulatory achievement. Binance became the first global crypto exchange to secure full authorization under the Abu Dhabi Global Market regulatory framework. The approval aligned Binance’s operations more closely with traditional financial oversight standards.
Security efforts remained a central focus. Binance said its systems prevented an estimated $6.69 billion in potential fraud and scam losses during the year, protecting roughly 5.4 million users. The company also processed more than 71,000 law enforcement requests and assisted in the confiscation of approximately $131 million linked to illicit activity.
Product Expansion and Web3 Push
On the product side, Binance continued to broaden its ecosystem. The Web3-focused Binance Alpha 2.0 platform surpassed $1 trillion in trading volume and onboarded 17 million users. Binance Earn products distributed $1.2 billion in rewards, reinforcing yield-based engagement.
Trading infrastructure expanded as well. The platform now supports 490 coins and 1,889 spot trading pairs, alongside new tools such as AI-driven analytics, a demo trading environment, and Smart Money signals for futures markets.
Taken together, the data paints a picture of a platform operating at financial-system scale, with trading depth, regulatory integration, and user protection increasingly positioned at the core of its strategy
