Wallets/binance
Binance
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Overview
Binance is the world's largest crypto exchange by trading volume [1, 2, [crypto-cro]]. 2025 baseline: 300M+ user base + $34T annual trading volume — roughly 1 in 27 people worldwide use the platform.
Distinctive Binance 2025 positioning [1, 3]:
- 300M+ global user base (reached December 2025; added 30M in 2025)
- $34T annual trading volume (record-shattering year)
- June 2025: 41.1% of all global spot trading volume
- On many days in 2025: Nearly half of global Bitcoin and Ethereum trading volume on Binance
- Retail-driven trading volume +125% YoY + institutional trading volume +21% YoY
- 180,000 new accounts daily average onboarding
- $20B+ daily spot trading volume across 1,630 trading pairs
- $162.8B in user assets (verified through proof-of-reserves disclosures)
Distinctive 2025 regulatory milestones [1]:
- Full authorization from Abu Dhabi Global Market's Financial Services Regulatory Authority (ADGM FSRA)
- 29 global certifications including ISO and SOC standards
History
July 2017 — Binance launched by Changpeng Zhao (CZ) in China.
2017 — Binance moves operations out of China (post-China crypto crackdown).
2018 — Binance becomes world's largest crypto exchange by trading volume.
2019 — Binance.US launched as separate US entity (for US regulatory compliance).
November 2023 — CZ steps down as Binance CEO + pleads guilty to US AML violations + Binance pays $4.3B settlement; Richard Teng becomes Binance CEO.
2025 — Binance 300M user milestone (December) + $34T annual trading volume (record) + ADGM FSRA full authorization + 29 global certifications [1, 3].
Ownership & operator
Operating entity: Binance Holdings Ltd. (private; multi-jurisdiction headquarters; Cayman Islands historically + UAE operational base post-2022).
Major shareholders: Changpeng Zhao "CZ" (founder; majority shareholder) + various institutional investors.
Regulators: ADGM FSRA (Abu Dhabi Global Market Financial Services Regulatory Authority; full authorization) + per-jurisdiction crypto regulators (29 global certifications).
Technical integration
| Layer | Description |
|---|---|
| Channels | Binance app (iOS + Android; primary mobile channel) + Binance.com web exchange + Binance Wallet (Web3) + Binance Card (Visa) |
| Identifiers | Email + phone + KYC documents (per AML requirements) |
| License | Crypto exchange (centralized; ADGM FSRA full authorization + 29 global certifications including ISO + SOC standards) |
| Products | Binance Spot Trading + Binance Futures + Binance Margin Trading + Binance Options + Binance Earn (staking + DeFi yield) + Binance Launchpad (token launches) + Binance NFT + Binance Pay (P2P crypto payments) + BNB Chain (Binance's own blockchain) + Binance Wallet (Web3) + Binance Card |
| Distinctive scale: 1,630 trading pairs + $20B+ daily spot trading volume + 180K daily new accounts + $162.8B user assets (verified via proof-of-reserves) |
Users & growth
- 300M+ global users (reached December 2025; added 30M in 2025)
- $34T annual trading volume (record-shattering year)
- June 2025: 41.1% of all global spot trading volume
- Retail-driven trading volume +125% YoY + institutional +21% YoY
- 180,000 new accounts daily average onboarding
- $20B+ daily spot trading volume across 1,630 trading pairs
- $162.8B user assets (proof-of-reserves verified)
Use cases
Global crypto spot + futures + margin + options trading + Binance Earn (staking + DeFi yield) + Launchpad + NFT + Binance Pay (P2P crypto payments) + BNB Chain (Binance's own blockchain) + Binance Wallet (Web3) + Binance Card via Binance app + Binance.com.
Implementations & partners
Operator: Binance Holdings Ltd. (private; multi-jurisdiction; CZ-founded).
Major shareholders: Changpeng Zhao "CZ" (founder; majority shareholder) + various institutional investors.
Major crypto exchange competitors:
- [[coinbase]] (Coinbase Global Inc.; NASDAQ: COIN; US's largest crypto exchange; 108M+ customers; 60-65% US crypto exchange trading volume; 6.9% global)
- [[kraken]] (Kraken Financial; US-registered; 13M+ registered users + 5.2M funded accounts Q3 2025; Federal Reserve master account approved Mar 2026)
- OKX + Bybit + Bitget + MEXC + HTX (formerly Huobi) + KuCoin + Gate.io + Crypto.com (other major centralized crypto exchanges)
- Uniswap + PancakeSwap + dYdX + GMX (decentralized exchanges)
- [[binance-us]] (Binance.US separate US entity since 2019)
BNB Chain: Binance's own blockchain (PoS L1; major DeFi ecosystem).
Regulators: ADGM FSRA + per-jurisdiction (29 global certifications including ISO + SOC standards).
Fun facts
- World's largest crypto exchange by trading volume — 41.1% of all global spot trading volume in June 2025.
- 300M+ global user base (reached December 2025) — roughly 1 in 27 people worldwide use the platform.
- $34T annual trading volume 2025 — record-shattering year.
- On many days in 2025: Nearly half of global Bitcoin and Ethereum trading volume on Binance.
- 180,000 new accounts daily average onboarding.
- $162.8B user assets verified through proof-of-reserves disclosures.
- July 2017 founding by Changpeng Zhao "CZ" in China.
- November 2023: CZ steps down + pleads guilty to US AML violations + Binance pays $4.3B settlement; Richard Teng becomes CEO.
- 2025: Full authorization from ADGM FSRA + 29 global certifications (ISO + SOC standards).
- BNB Chain — Binance's own blockchain (PoS L1; major DeFi ecosystem).
- Binance.US separate US entity (since 2019).
Comparison
| Feature | Binance | [[coinbase]] (US's largest crypto exchange rival; 108M+ customers; 6.9% global) | [[kraken]] (US-registered crypto exchange rival; Federal Reserve master account Mar 2026) | [[okx-wallet]] (Batch 27; major Web3 wallet comparable) | [[exodus]] (Batch 27; non-custodial wallet comparable) |
|---|---|---|---|---|---|
| Operator | Binance Holdings Ltd. (private; multi-jurisdiction; Changpeng Zhao "CZ" founder + majority shareholder; CZ stepped down Nov 2023; Richard Teng current CEO) | Coinbase Global Inc. (NASDAQ: COIN; widely held) | Kraken (Payward Inc.; private; US-registered) | OKX (private; Seychelles-headquartered) | Exodus Movement Inc. (NYSE American: EXOD) |
| Type | World's largest crypto exchange by trading volume (41.1% global spot in Jun 2025) + 300M+ users + $34T 2025 annual trading volume + BNB Chain (Binance's own blockchain) | US's largest crypto exchange + 108M+ customers + 60-65% US crypto exchange trading volume + 6.9% global + NASDAQ-listed | US-registered crypto exchange + Federal Reserve master account approved Mar 2026 (one of first crypto-native firms with direct access to Fed payment rails) | Major Web3 wallet + centralized exchange | Non-custodial multi-chain wallet |
| Country | Global (UAE base; restricted in US, UK, NL, DE) | US primary + global | US + UK + CA + global | Global (Seychelles base) | Global |
| Users | 300M+ users (Dec 2025); $34T 2025 trading volume; 180K daily new accounts; $20B+ daily spot trading; $162.8B user assets; 1,630 trading pairs | 108M+ customers; 60-65% US crypto exchange trading volume | 13M+ registered users + 5.2M funded accounts (Q3 2025); $561.9B Q3 2025 trading volume; $648M Q3 2025 revenue (+114% YoY); $59.3B assets on platform (+89%) | Major Web3 wallet | Multi-million users |
| Distinctive | Jul 2017 CZ-founded in China; 2017 moved out of China post-crackdown; 2018 became world's #1 by trading volume; 2019 Binance.US separate US entity; Nov 2023 CZ stepped down + $4.3B US AML settlement; 2025 ADGM FSRA full authorization + 29 global certifications (ISO + SOC); 1,630 trading pairs; BNB Chain own blockchain; Binance Earn + Binance Pay + Binance NFT + Binance Wallet (Web3) + Binance Card | NASDAQ-listed (since 2021); US's largest crypto exchange; 60-65% US crypto exchange trading volume | Federal Reserve master account approved Mar 2026 distinctive (one of first crypto-native firms with direct access to Fed payment rails); Kraken Securities commission-free trading 11,000+ US-listed stocks and ETFs phased rollout from Apr 2025 (10 states + DC); about half Kraken downloads from US + 8% UK + 6% Canada | Web3 wallet major | Non-custodial multi-chain |
Status
Active, world's largest crypto exchange by trading volume + 300M+ users + $34T 2025 annual trading volume [1, 3]:
- Binance Holdings Ltd. (private; multi-jurisdiction; CZ-founded Jul 2017; CZ stepped down Nov 2023; Richard Teng current CEO).
- 300M+ users (December 2025) + $34T 2025 annual trading volume (record).
- June 2025: 41.1% of all global spot trading volume.
- 2025 ADGM FSRA full authorization + 29 global certifications (ISO + SOC standards).
- 180K daily new accounts + $20B+ daily spot trading + 1,630 trading pairs + $162.8B user assets.
- BNB Chain Binance's own blockchain + Binance.US separate US entity.
Sources
- 1 Binance 2025 Trading Volume Shatters Records with $34T — CryptoRank
- 2 Binance — official
- 3 Binance Tops 300M Users In 2025 — BlockchainReporter
- 4 Binance Hits 300M Users Adding 30M in 2025 — Yellow.com
- [crypto-cro] In-corpus:
reports/countries/CRYPTO-global.md
Source
Biography extracted from binance.md. See matrix.md for standards-support matrix if present.