Binance Flexed Hard in 2024 — Here’s Everything It Achieved

Binance just dropped its 2024 end-of-year report, and if there’s one takeaway, it’s this: they didn’t just grow — they exploded. From onboarding tens of millions of new users to expanding globally and rolling out shiny new features, Binance made it very clear that it’s still the heavyweight champ of centralized crypto exchanges.

So, what exactly did Binance pull off last year? Here’s a breakdown — and spoiler alert: it’s pretty impressive.

Big Numbers, Bigger Impact

Let’s start with the headline stat: $160 billion in user assets under custody. That’s a first for the exchange — and it came with over $30 billion in inflows in 2024 alone. To put it in perspective, that’s more than the next ten largest exchanges combined.

Binance now holds an estimated 39% market share among centralized exchanges, which, in crypto, is practically dominance.

Global Growth and Massive User Surge

In 2024, Binance expanded into 20 new countries, welcoming a staggering 50 million new users in just six months. That’s a 47% growth in total users, pushing the total number past 250 million.

And they didn’t just bring in casual traders. VIP users — usually big players or institutional clients — surged 116%, a strong sign that Binance is becoming more than just a platform for retail investors.

Binance Pay, Earn, and Learn

Three of Binance’s biggest initiatives — Binance Pay, Binance Earn, and Binance Academy — all saw serious momentum:

• Binance Pay active users shot up by 226%
  
• Binance Academy hit 44 million learners, a 63% increase
  
• Binance Earn saw its total value locked (TVL) climb 144%, with over 410 tradable assets
  

Whether it’s earning, paying, or learning, users are clearly diving deep into Binance’s ecosystem.

Trading Volumes and Tech Milestones

Binance’s average daily trading volume climbed 27%, while its margin trading volume ballooned by a staggering 290%. They even hit an all-time high of 4.4 million requests per second, flexing their infrastructure chops in a year of rapid expansion.

On the feature side, Binance rolled out:

• Spot Copy Trading (so you can mirror top traders)
  
• Token Unlock & Vesting Schedules
  
• BFUSD, a reward-bearing margin asset (a first in the industry)
  

Security and Recovery: Not Just Hype

2024 wasn’t all about growth — Binance made sure to keep things tight on the security side too. The platform claims to have prevented $4.2 billion in potential losses affecting 2.8 million users, and even recovered $88 million in stolen funds.

That’s a huge deal in a space that’s still plagued by hacks and exploits.

Final Word

In Binance’s own words, 2024 wasn’t just about hitting milestones — it was about shaping trends and building a future that works for both crypto newbies and seasoned pros. Whether it was launching new features, onboarding millions, or simply keeping users safe, Binance played a central role in pushing crypto adoption forward last year.

If 2024 was any indication, Binance is gearing up to lead the charge again in 2025.