Binance Surpasses 300 Million Users in Major Milestone

TLDR

• Binance’s user base exceeded 300 million by December 2025.
• Cumulative trading volume reached about $125 trillion by late 2025.
• Daily spot trading volume averages over $20 billion on the platform.

Binance, the largest cryptocurrency exchange globally, has announced that its total registered user base has exceeded 300 million as of December 2025. This growth represents a significant increase from the 270 million users reported at the beginning of the year, achieved by adding approximately 30 million new users. Co-CEO Richard Teng made the announcement during a CEO Connect Ask Me Anything (AMA) session on Binance Square on December 19, 2025.

Teng attributed this growth to a variety of factors, including global adoption of cryptocurrency, user trust in the platform, and a long-term vision from the company’s co-founders. He highlighted that the user base now rivals the subscriber numbers of streaming giants like Netflix and is comparable to the populations of countries such as Brazil and Indonesia.

Richard Teng’s Role in Binance’s Growth

Since taking over as Binance’s Co-CEO after Changpeng Zhao stepped down in 2023, Richard Teng has continued to guide the company through substantial growth. Teng’s previous roles in regulatory compliance at the Abu Dhabi Global Market and his experience as the former CEO of Binance Middle East have contributed to the organization’s expansion plans and adherence to compliance requirements.

Despite earlier legal challenges faced by Zhao, Binance has maintained its position as a top cryptocurrency exchange by volume. Under Teng’s leadership, the platform has consistently increased its user base significantly over the past few years.

Massive Cumulative Trading Volume and Activity

Binance’s cumulative trading volume reached about $125 trillion by late 2025. On average, the platform sees a daily spot trading volume of over $20 billion, covering 1,630 trading pairs. In the third quarter of 2025, Binance logged $14.8 billion in net inflows, reflecting ongoing growth and widespread activity.

Key cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and various altcoins are regularly traded on the platform. There are no specific mentions of funding allocations or new institutional involvement tied to the recent user base milestone.

Persistent Community Engagement and Campaigns

The Binance community has expressed positive sentiment towards the platform’s achievements, as evidenced by the #OneUnstoppableCommunity campaign that ran from December 8 to 18, 2025. The campaign encouraged users to share stories of how they have adopted cryptocurrencies for savings, remittances, and business purposes.

Although there were no direct quotes from industry leaders like Arthur Hayes or Vitalik Buterin regarding this milestone, Binance’s announcement has been well-received among its user base. Binance encourages further engagement and sharing of experiences across its community.

Future Prospects and Regulatory Developments

Binance has not announced any new regulatory or institutional updates specifically related to reaching the 300 million user milestone. However, previous approvals, such as the one from UAE’s Financial Services Regulatory Authority (FSRA), have helped bolster the platform’s reputation for compliance.

While Binance has yet to announce any specific plans for further expansion or enhancements following this recent milestone, the platform’s growth trajectory suggests continued focus on compliance and enhancing the security and trust that it has built among global users.