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From Our CEO, Richard Teng : 8 Years of the Community That Built Binance

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From Our CEO, Richard Teng : 8 Years of the Community That Built Binance

Binance turning eight is more than just a corporate milestone; it's a symbol of survival, dominance, and resilience in one of the fastest-evolving, most volatile industries globally. In crypto years, eight is a lifetime, and this anniversary reinforces Binance’s position as a market leader in crypto adoption, security, and innovation

by @EditorialNewsline
July 17, 2025
in Tech
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Uganda, Kampala-  Binance is turning eight. In the traditional corporate world, that may seem like a blink – but it is a lifetime in the crypto space. As we reflect on this journey, it is clear that everything we have achieved is only possible because of you.

The scale and impact of Binance are extraordinary. But every big number is the sum of the stories of millions of users around the world who placed their trust in us. This is a moment to thank you – and to recognize the brilliant Binance team who continue to push forward, overcome challenges, and scale new heights. I am incredibly proud to be part of this journey with you as we continue to chart the future together.

Binance Users Spearhead Responsible Crypto Adoption

As regulatory clarity improves in key markets, crypto is becoming a mature and legitimate asset class. Adoption is accelerating, and Binance users are at the heart of it.

Today, our community is more than 280 million strong. Since our 7th anniversary, nearly 80 million new users have started their crypto journey on our platform. That’s remarkable growth, and we’re deeply grateful to each of you for making it possible.

Hundreds of millions of people trust us with billions of dollars. That’s a colossal responsibility, and one we don’t take lightly. That’s why the safety of user assets has always been, and will always remain, our top priority. Between December 2022 and May 2025, our risk and security systems helped 7.5 million users avoid a total of $10 billion in potential fraud losses.

We continue to invest heavily in compliance. Our 2025 spending is projected to exceed 2024 levels by more than 30%. These investments help us keep your funds and data safe, provide secure and compliant products, and maintain the highest level of integrity for our marketplace.

Crypto ecosystem security requires a collaborative effort. Fighting bad actors takes teamwork and strong partnerships. Over the past 8 years, we have responded to more than 240,000 law enforcement requests. We have also conducted over 400 training sessions for agencies around the world, empowering them to use blockchain transparency to disrupt criminal networks, recover stolen funds, and shut down harmful platforms.

Value for All

Over the past 8 years, $125 trillion worth of digital assets have been traded on Binance. That’s a massive figure, even by the standards of major traditional exchanges.

In 2025, we registered a daily average of 217 million spot and futures trades. Your trust is propelling us to crypto market leadership across key metrics, from a 41% share of global spot trading in June to Binance Wallet reaching peak 95% share among decentralized wallets with built-in exchange features. And when the times get tough, you consistently choose us as a reliable partner amid heightened uncertainty. We never take that trust for granted.

But Binance is more than a place to trade. Crypto also gives you the freedom to save, earn, and send money across borders. Since our launch, Binance Earn has delivered $50 billion in earnings and savings. Binance Pay has processed $230 billion across 300 million transactions. Between 2022 and 2024, we helped users save $1.75 billion in remittance fees.

Each number reflects real people gaining financial freedom, achieving financial independence, and overcoming the barriers to financial inclusion. A construction worker from Southeast Asia sending money home to his family; a young woman in Latin America protecting her savings from inflation; a freelancer in West Africa getting paid for work in stablecoins. Crypto makes that possible. And you made Binance the place where it happens.

Innovation That Serves You

Your feedback inspires and shapes our innovation. We are constantly improving our products, expanding access globally, and helping the broader crypto ecosystem grow.

In the past year, we launched Binance Alpha inside Binance Wallet to elevate your Web3 experience – and your response has been incredible. Programs like Megadrop and Launchpool continue to reward your engagement with early access and meaningful returns.

We also know that user experience is everything, especially when the goal is to onboard the next billion users into the world of digital finance. That’s why we launched Binance UI Refined, a customizable interface with AI-powered features that make your homepage feel more personal and intuitive. If you haven’t tried it yet, we think you’ll love it.

Some of you reading this are not individuals but institutions. We see you, and we thank you. Institutional adoption is a key driver of the industry’s growth. In 2024 alone, our institutional user base grew 97%. This momentum continues in 2025, and we expect it to remain a powerful force shaping crypto’s future.

As the most regulated global exchange and the platform with the deepest liquidity, Binance is uniquely positioned to lead in the emerging financial landscape. As the lines between TradFi and crypto, CeFi and DeFi are blurring, we’re using our expertise to build useful, innovative solutions – for individuals and institutions alike.

Final Thoughts

In many cultures, the number 8 symbolizes infinity and prosperity. As Binance turns 8, we are reminded of something else that’s endless: our commitment to you.

Thank you for being part of this journey. We are honoured to be your chosen platform. We will keep working tirelessly and stay focused to earn your trust, build with you and for you, and deliver more value, more security, more opportunity – and above all, more freedom.

With your trust and support, we are unstoppable. And the future is brighter than eve

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a comprehensive suite of financial products. Trusted by millions worldwide, Binance is committed to advancing the freedom of money through its various products, including the largest cryptocurrency exchange by trading volume.

Visit www.binance.com for more information

@EditorialNewsline

@EditorialNewsline

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