Binance surpassed 300 million registered users in December 2025, adding 30 million accounts over the past 12 months. Co-CEO Richard Teng disclosed the milestone during a December 19 Ask Me Anything session on Binance Square. The world’s largest cryptocurrency exchange grew from 270 million users at the beginning of 2025 to cross the 300 million threshold. Growth accelerated despite regulatory headwinds and market volatility affecting the broader crypto industry.
Teng said the addition of 30 million new customers showcases rising utility of cryptocurrency assets across global markets. The platform now processes over $20 billion in daily spot trading volume across 1,630 trading pairs. On December 1, Binance executed 61.9 million trades totaling $20 billion in spot volume across 449 assets. The exchange onboards an average of 180,000 new accounts daily, according to industry reports.
Analytics firm Kaiko published a market microstructure report crediting Binance’s “liquidity flywheel” for sustained growth. The report highlighted how deep order books attract traders, which increases liquidity, creating a self-reinforcing cycle. Kaiko noted Binance built competitive advantages through execution reliability, tight spreads, and infrastructure investment since launching in July 2017. Early focus on stablecoin payments, particularly USDT, simplified cryptocurrency access for users across different regions and fiat systems.
Rapid token listing gave emerging projects liquid gateways, establishing Binance as a recognized platform for new cryptocurrency offerings. The 300 million user milestone places Binance’s user base ahead of Brazil and Indonesia’s populations. The platform’s scale now rivals Netflix’s global subscriber count, moving cryptocurrency into mainstream digital utility territory. User growth trajectory shows acceleration: five years to reach 100 million users, two years for the next 100 million, and 18 months for the most recent 100 million.
However, separate Kaiko research published December 12 warned that liquidity concentration on Binance poses systemic risks to cryptocurrency markets. Binance’s derivatives open interest exceeds $27 billion, making it the industry’s second-largest platform. The exchange commands over $15 billion in daily spot trading volume, dominating market liquidity. Any operational, legal, or technical disruption at Binance could trigger market-wide price dislocations.
Binance operates without formal regulation in many jurisdictions and lacks a MiCA license in the European Union. The platform paid $4.3 billion in penalties after pleading guilty to anti-money laundering violations in 2023. Despite regulatory challenges, Binance secured licenses in nearly two dozen jurisdictions, most recently obtaining approval from Abu Dhabi Global Market effective January 5, 2026.
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