Binance, the world’s largest cryptocurrency exchange by trading volume and user base, released its Binance 2025 report on 8 January 2026, outlining major milestones in regulatory compliance, liquidity, global adoption and decentralized finance.
The comprehensive year-in-review highlights how the firm navigated a transformational year for digital assets, underscoring the evolving role of crypto platforms in mainstream financial infrastructure.
The Binance 2025 report arrives at a critical juncture for the crypto industry, which has faced persistent regulatory scrutiny and market volatility.
Binance’s findings signal a maturing ecosystem, with an emphasis on measurable trust outcomes, deep liquidity, broader participation, and product innovation that extends beyond traditional order-book trading.
A signature achievement of 2025, according to the report, was Binance’s attainment of full authorization under the Financial Services Regulatory Authority (FSRA) framework in the Abu Dhabi Global Markets (ADGM).
This regulatory milestone positions Binance among the first global crypto exchanges to operate within a recognized regulatory regime that spans governance, risk management, custody and consumer protection.
In emphasizing “trust as infrastructure,” Binance highlighted significant progress in fraud and illicit activity mitigation. Between 2023 and 2025, the exchange reduced direct exposure to key illicit fund categories by 96 per cent.
In the year alone, its risk and compliance systems helped prevent $6.69 billion in potential fraud and scam losses for more than 5.4 million users. The platform also processed over 71,000 law enforcement requests and delivered more than 160 training sessions to global authorities.
Binance framed these outcomes as evidence that trust is not merely aspirational but can be measured in concrete user protections and regulatory compliance, a theme likely designed to reassure skeptics of crypto’s long-term legitimacy.
Liquidity, a central determinant of a trading platform’s utility, also featured prominently in the Binance 2025 report.
Binance said it processed $34 trillion in trading volume across its products in 2025, with spot trading alone exceeding $7.1 trillion.
Overall lifetime traded volume across all products reached an all-time high of $145 trillion, reflecting both routine market activity and episodic surges in participation.
The report underscored how liquidity translates into tighter spreads, reduced slippage and more reliable execution, factors that are critical for both retail and professional traders.
Binance expanded its trading offerings to include 490 coins and nearly 1,900 spot trading pairs, while futures markets covered 584 coins, expanding the breadth of tradable digital assets.
Participation beyond pure trading metrics came through tools that encourage structured engagement. For example, Binance’s Demo Trading environment attracted more than 300,000 users, offering a safe space to test strategies before deploying real capital.
In futures markets, over 1.2 million users subscribed to “Smart Money” signal suites, designed to aggregate profitable trading behavior and present insights to other users.
A notable dimension of the Binance 2025 report was its focus on evolving modes of discovery for Web3 projects.
The platform’s Binance Alpha 2.0, a discovery and trading surface integrated into the broader exchange experience, surpassed $1 trillion in trading volume and onboarded 17 million users. Alpha 2.0 also distributed $782 million in rewards across 254 airdrop campaigns during the year.
These developments illustrate a shift in how users encounter new digital assets, blending trading with community incentives and engagement mechanisms that extend beyond traditional exchange interfaces.
Binance also highlighted its risk controls, which blocked hundreds of thousands of dishonest reward participants attempting to game these campaigns.
The Binance 2025 report also documented meaningful growth among institutional participants.
Binance said institutional trading volume grew by 21 per cent from the previous year, while over-the-counter (OTC) fiat trading surged by 210 per cent.
These metrics point to heightened interest from professional investors and firms seeking regulated and scalable digital-asset infrastructure.
Binance’s infrastructure also evolved to support tokenized funds as eligible collateral under its institutional framework, reflecting a broader trend in crypto toward integrating traditional financial conventions with blockchain-native models.
Dedicated account structures for fund managers and enhanced settlement options further signaled the firm’s focus on capturing institutional workflows.
Beyond institutional and trading milestones, the Binance 2025 report stressed real-world adoption measures. Fiat-to-crypto and peer-to-peer volumes grew by 38 per cent, while Binance Pay expanded its merchant acceptance to over 20 million businesses worldwide.
These figures illustrate how digital assets are increasingly used for everyday payments and cross-border value transfer.
Binance Earn, the platform’s suite of yield products, distributed $1.2 billion in rewards in 2025, underscoring how participatory finance remains a core offering for users seeking returns beyond trading.
Do you have any story or press releases you want to share? Send tips to editor@envestreetfinancial.com
Follow us on Twitter, Facebook, or LinkedIn to ensure you don’t miss out on any