Binance Surpasses $34 Trillion in Trading Volume, Reaches 300 Million Users

Binance has solidified its position as the leading cryptocurrency exchange in 2025, according to its annual report. The platform processed an astonishing $34 trillion in trading volume, with over $7 trillion in spot trading alone.

This represents a significant share of the global market, with Binance holding a 39.2% participation rate among top-10 centralized exchanges. Its closest competitor, Bybit, has around 8.1% market share.

The exchange's growth extends beyond its trading volumes. Binance Pay saw a 30% year-over-year increase in users, with over 20 million merchants accepting payments worldwide.

Additionally, the platform recorded a 21% surge in institutional trading volume and a massive 210% rise in OTC fiat trading volume.