Binance reaches 250M users and highlights 2024 growth milestones

Binance, the world’s largest cryptocurrency platform, has published its 2024 report highlighting key milestones and growth indicators.
The report showcased Binance’s pivotal role in driving mainstream crypto adoption, with the number of registered users surpassing 250 million by the end of the year—a historic achievement.
User growth and institutional adoption
In June 2024, Binance marked the milestone of 200 million users, according to the platform's report. In the following six months, the platform attracted another 50 million users, reflecting rapid growth among both retail and institutional clients. The company’s institutional user base nearly doubled, driven by services like Binance Wealth and the upgraded Banking Triparty service, which attracted corporate clients. These initiatives have reinforced Binance’s position as a leading gateway for companies entering the crypto market.
Enhanced compliance and security measures
Binance reaffirmed its commitment to regulatory compliance and user protection by investing hundreds of millions of dollars into security programs. The company’s compliance team grew to 650 experts, helping Binance secure licenses in 21 jurisdictions—more than any other global crypto platform. Binance’s anti-fraud initiatives prevented $4.2 billion in potential user losses and recovered $88 million in stolen funds, protecting 2.8 million users from fraudulent activities.
In collaboration with global law enforcement agencies, Binance processed nearly 65,000 requests and trained more than 1,300 investigators from 80 countries. The launch of the Risk Sniper channel and enhanced risk management tools on the Binance Square platform created a safer environment for users.
Financial accessibility and trading innovations
Binance’s expansion efforts introduced fiat-to-crypto services in 20 additional countries, enhancing financial access for millions of users. The Binance Pay user base grew by 226%, reflecting the growing popularity of digital payment solutions. The total value locked in Binance Earn grew by 144%, driven by products such as BNSOL and fixed-rate loans. The introduction of On-Chain Yields allowed users to participate in DeFi protocols directly through their Binance accounts.
On the trading front, Binance processed a record 4.44 million requests per second, showcasing its unparalleled scalability. Spot, futures, and margin trading volumes surged, supported by features like Spot Copy Trading and BFUSD, a reward-bearing margin asset. Spot Copy Trading simplified market entry for newcomers and created new revenue streams for experienced traders.
Community impact and global initiatives
In 2024, Binance Academy educated 44 million people—63% more than the previous year—through expanded courses and partnerships with educational institutions. Binance Charity provided over $6.9 million in aid to 72,000 individuals affected by natural disasters and funded initiatives like the Women in Technology Academy.
The Binance Square social platform attracted 35 million active users each month. The Write to Earn program supported content creators, while partnerships with global icons such as Cristiano Ronaldo and the Alpine F1 team helped promote cryptocurrency adoption in mainstream culture.
Preparing for 2025
Binance’s 2024 achievements—including 250 million registered users, record trading volumes, and strengthened compliance measures—solidified its leadership in the cryptocurrency market. In 2025, the platform aims to build on its progress by continuing to bridge traditional finance with Web3 and expanding access to financial tools worldwide.