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What will be Binance's market share in the cryptocurrency exchange sector by mid-2025?
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Market analysis reports from reputable financial analytics firms
Story
Binance Reports $160 Billion in User Assets, 250 Million Registered Users, and 47% Increase in 2024
Jan 9, 2025, 09:26 AM
Binance, the world's largest cryptocurrency exchange, reported a record-breaking year in 2024, with user assets surpassing $160 billion for the first time. In its annual report, Binance disclosed that the number of registered users exceeded 250 million, marking a 47% increase from the previous year. The platform also processed a peak of 4.44 million requests per second. Additionally, the number of institutional users surged by 97%, reflecting a growing interest from larger entities in the cryptocurrency market. The report highlights Binance's significant growth across various metrics, solidifying its position as a leader in the crypto ecosystem.
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