Binance announced record figures for 2025: total product trading volume reached $34 trillion, and the user base surpassed 300 million people. The platform holds $162.8 billion in user assets, while institutional trading volume increased by 21% year-over-year. The company also highlights enhanced integration of on-chain and off-chain services, with Binance Wallet now processing over 60% of large on-chain transactions.
Binance's Record Performance in 2025
Key company metrics in one place demonstrate the scale of its operations and the liquidity of the digital asset market. Below are the main figures presented in the report.
- Total trading volume on Binance in 2025 reached $34 trillion.
- The platform's user count exceeded 300 million people.
- User assets under Binance's custody reached $162.8 billion.
Analysis of Trading Volume and User Base Growth
A $34 trillion annual volume indicates very high liquidity and activity on the platform, which typically results in tighter spreads and less slippage during trading. The report also notes that user growth is accompanied by a deepening product lineup and geographic expansion.
The institutional segment showed significant growth: trading volume from institutions increased by 21% year-over-year, and the strengthened integration of on-chain and off-chain services makes the platform more convenient for large clients and professional traders. At the same time, a large share of on-chain transactions passes through Binance Wallet, enhancing its role in the ecosystem and affecting liquidity flow distribution; for context on the derivatives market, see derivatives 2025.
Factors Driving Binance's Growth
The report links growth to several factors: more mature regulatory frameworks in major jurisdictions, expansion of products for institutional clients, and user-friendly platform design for retail users. These elements together make the platform attractive to both professionals and the general public.
Additionally, the development of custody services, derivatives, and yield products attracts users who use the exchange not only for speculation but also for asset storage and income generation. Data on large transfers and stablecoin activity further reflect changes in asset holder behavior.
Outlook and Future Growth Directions
The company's leadership emphasizes a focus on regulatory compliance and enhanced security measures as key elements for further growth. The report also notes that attracting institutional investors and corporate solutions remains a development priority for the platform.
At the same time, the concentration of transaction flows through major services raises questions about centralization and systemic risks that the industry will need to consider as the exchange and its services scale up.
Why This Matters
For miners, this data primarily means a deeper and more liquid ecosystem where orders execute faster and with less slippage, especially during active trading or coin conversion. Institutional entry and large volumes can reduce volatility in specific pairs but also increase market interconnection with major players and services.
It is also important to note that the large share of on-chain traffic through Binance Wallet and the high volume of assets held highlight the importance of risk management when storing and transferring funds; news about large stablecoin movements and big transfers can impact local liquidity and network fees. See the article on 300 million USDC.
What to Do?
- Check and diversify asset storage: keep some assets in wallets under your control and some on the exchange for trading convenience or liquidity.
- Monitor fees and tight spreads: with large market volume, plan exchanges during high liquidity periods to reduce costs.
- Evaluate counterparties and services: if using public wallets and exchanges, ensure they have security reserves and up-to-date key storage and access procedures.
- Tax accounting and legal awareness: keep records of transfers and operations to verify sources and fund movements if needed.
These simple steps will help reduce operational risks and take advantage of a more liquid market without unnecessarily increasing the vulnerability of your assets.