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2024 marks a major turning point for Binance, with over 250 million users, trading volume exceeding 100 trillion USD, and a series of revolutionary innovations in the crypto industry. The 2024 annual report shows that Binance is not only the leading trading platform, but also a center of innovation, connecting traditional finance and digital assets. Together with Allinstation, let's explore the impressive achievements and strategic direction of Binance in making crypto a global trend!
Binance confirms its leading position with outstanding achievements in 2024
2024 is an important milestone in the development history of Binance, with a series of outstanding achievements. This trading platform has not only significantly increased in scale and user participation, but also made a strong impact in driving the development of the global digital asset industry.
Binance has recorded over 250 million registered users, with more than 35 million monthly active users on the social platform Binance Square. The Binance Academy education platform has also reached 44 million learners, reflecting Binance's commitment to providing free blockchain and crypto knowledge to everyone.
The trading platform has achieved important financial milestones, including over 160 billion USD in user assets under management and 100 trillion USD in cumulative trading volume across all products. Binance continues to lead the market with significant growth in Spot, Futures, and Margin trading products.
Promoting cooperation between traditional finance and crypto
One of the highlights of Binance in 2024 is the unprecedented increase in participation from traditional financial institutions (TradFi). Binance has organized the first summit for institutional clients in Dubai, providing an opportunity for exchange and discussion among industry leaders. At the same time, Binance Wealth, a new solution dedicated to asset managers, has been launched, helping to connect large investors with opportunities to invest in digital assets.
Binance continues to invest heavily in security and compliance, with the compliance team growing to 650 experts. The trading platform has successfully prevented fraud worth over 4.2 billion USD and supported more than 2.8 million users in avoiding losses. Binance's Proof of Reserves system has been improved to be more transparent, integrating zk-SNARKs technology, ensuring that user assets are protected at least at a 1:1 ratio.
Binance has expanded its financial services with 1,000 payment methods and support for over 125 fiat currencies. Products like Binance Pay, Binance Earn, and Fiat Rails have helped millions of users more easily access the digital asset ecosystem. In particular, Binance Earn has recorded a 144% growth in Total Value Locked (TVL), becoming an ideal platform for investors seeking decentralized financial opportunities.
Binance not only focuses on technology, but also integrates digital assets into cultural life. Collaborations with Cristiano Ronaldo and the F1 Alpine racing team have helped Binance spread the appeal of crypto to millions of new users. At the same time, Binance Square has become the fastest-growing social platform with over 35 million monthly active users.
