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Binance Statistics — 28 Amazing Facts
Here are 28 mind-blowing facts about Binance:
BUSD exceeded $20 billion in market capitalization in the last half of 2022.
Ending June 2022, BNB Smart Chain’s TVL dominance equalled 8.66%.
The Binance.US number of users was 2.5 million in August 2022.
14 out of 25 most-played NFT games use the Binance Smart Chain.
As of January 2022, Binance’s CEO has a net worth of $18.5 billion and this has increased to around US$30 billion as of October 25 2022. A 62% increase in net worth in less than 10 months.
Binance burned 1,959,595.29 BNB in its latest quarterly burn of 2022.
Binance has the largest NFT marketplace in the world.
Binance is still the biggest crypto exchange in the world.
Binance’s revenue amounted to around $20 billion in 2021, and expectations of $57 to $62 billion in revenue in 2022.
Binance Labs has set aside $500 million for Web3 and Blockchain projects.
Binance peak 24-hour trading volume of users is above $76 billion daily since January 2021.
Binance has traded in excess of $7.7 trillion in crypto exchange volume in 2021 and has doubled the amount in the last three quarters of 2022.
65% of Binance users own Bitcoin.
More than 90% of people who use Binance are male, and the average user is 35 years old.
According to CoinMarketCap data. Bitcoin (BTC) has been trading between $16,174 and $17,111 every 24 hours since the second half of 2022.
Bianance.US has over 130 cryptocurrencies on Binance.US, including Bitcoin (BTC) and Ethereum (ETH).
As of today, Binance users Buy, trade, and hold more than 350 cryptocurrencies on the platform.
Binance currently has 7000+ employees worldwide.
Binance users exceed 30 million customers based on Binance's recent report.
By the end of 2022, BNB will reach a price of $ 517 according to a recent forecast.
$300 billion market value for Binance as of the first quarter of 2022, and increased by 8.4% in the third quarter of 2022 totalling $325.2 billion in October 2022
Turkey uses Binance the most with 6.40% of its overall traffic.
As of November 14, 2022, the largest cryptocurrency exchange based on 24h volume in the world was done on the Binance platform at $16.91 billion.
As of October 2022, Vietnam ranks 1st as the country with the highest crypto adoption in the world and is closely followed by the Philippines with Binance as their major used platform.
On November 9, 2022, the biggest crypto deal of Binance-FTX.com Acquisitions Deal collapsed
Binance Research shows that 48% of users are hobbyists
Binance was launched in 2017 as a private-for-profit business within the cryptocurrency exchange industry.
Moreover, Binance is one of the go-to crypto platform for many users, as the app has over 2.5 million users!
Key Stat
Key Info
Launch Date
July 14th, 2017
Office Address
23 Lime Tree Bay Ave, George Town, Cayman Islands
Founder(s):
Changpeng Zhao "CZ"
Some Key People
Changpeng Zhao. CEO, He Yi. Co-Founder and CMO, Ling Zhang. Vice President of Mergers and Acquisition, Colin Goltra. Director, Southeast Asia, David Perez. Chief Operating Officer, Richard Teng. CEO, Binance Singapore, Emmanuel Babalola. Director Africa
Binance, the world's leading cryptocurrency exchange, has acquired 10 organizations in the past few years.
The most recent was South Korean digital asset exchange Gopax, which Binance acquired on Feb 3, 2023. This move expands their global presence and strengthens their position in the crypto trading industry. As part of the deal,
Gopax is now a wholly-owned subsidiary of Binance, allowing them to benefit from Gopax's advanced technology and financial industry expertise.
Acquiree Name
Announced Date
Price
Transaction Name
Gopax
Feb 3, 2023
—
Gopax acquired by Binance
TokoCrypto
Dec 19, 2022
—
TokoCrypto acquired by Binance
SAKURA Exchange BitCoin
Nov 30, 2022
—
SAKURA Exchange BitCoin acquired by Binance
Swipe.io
Jun 30, 2020
—
Swipe.io acquired by Binance
CoinMarketCap
Apr 1, 2020
$400M
CoinMarketCap acquired by Binance
BxB
Mar 31, 2020
—
BxB acquired by Binance
DappReview
Dec 3, 2019
—
DappReview acquired by Binance
WazirX
Nov 21, 2019
—
WazirX acquired by Binance
Binance JEX
Sep 3, 2019
—
Binance JEX acquired by Binance
Trust Wallet
Jul 31, 2018
—
Trust Wallet acquired by Binance
Binance uses these acquired companies as tools and different features for the main product.
For instance, Swift is a global cryptocurrency debit card issuer. It's basically a crypto wallet, but also a fiat-funded Visa debit card.
What is the Average Daily Trading Volume (24H)of Binance Throughout the Years?
There's a lot of money that goes through Binance in the course of a day. In November 2022, Binance has an average of $16.9 Billion USD in tradings.
That's quite a lot of money, and it went a lot higher throught the years. Take a look at 2018, when the 24H Trading Volume used to be $1.2 Billion USD.
Below you can see a graph showing you how much money went (on average) through Binance in the course of 24 hours in the last few years.
Year
24H Trading Volume
2018
USD 1.2 Billion
2019
USD 2.9 Billion
2020
USD 3.88 Billion
2021
USD 11 Billion
2022
USD 16.9 Billion (November)
Notice how every year, the 24H trading volume kept on growing — that's so much new money that started to flow. Binance's growth is amazing to look at!
By 2022, the market capitalization of Binance Coin (BNB) had reached an astonishing $47 billion, a remarkable accomplishment that testifies to the project's success and increasing popularity.
Burning is when the crypto community removes an amount of money in crypto from the market.
Let's now look at the history of how much BNB was removed off the market.
Why does Binance burn its BNB Coin?
Binance buys back and burns Binance Coins, entirely destroying them, using 20% of its revenues.
The most recent quarterly burn by Binance was its 13th one, which took place on October 17, 2020. Until it buys back and burns 100 million Binance coins or 50% of the supply, Binance will carry out quarterly burning.
The procedure makes sure that Binance Coin's supply is limited, increasing its scarcity and value.
Binance Coin (BNB) is burnt Quarterly bases. As of July 2022, Binance completed 20 BNB coin burn events. 38,683,447.66 BNB coins were burned, reducing the initial 200M supply by 19.34% (the total supply is now at 161,316,552.34 BNB).
A list of all BNB burns by Binance
There have been 20 BNB coin burns from 2017 to 2022. Here is a list of them:
Bianance.us Website Traffic & Engagement Information of Users from the US in the Past Three Months
The average time spent on the site was 4 minutes and 44 seconds, and an average of 5 pages were viewed per visit.
The percentage of male visitors was 77.61%, while the percentage of female visitors was 22.39%.
People aged 25 to 34 and 35 to 44 made up the majority of platform visitors.
Visitors primarily used mobile devices, such as phones and tablets.
Direct traffic to the website accounted for 75.17% of all visitors to , while search engine traffic accounted for 14.26%.
YouTube (63.80%), Twitter (14.89%), Reddit (8.74%), Facebook (4.77%), Stack flow (1.35%), and others (6.44%) accounted for the majority of social media traffic to Binance.US.
What are the Top Countries Visiting Binance.com Website?
Binance's website is most visited from Russia, with almost 6% of the total users. Then on the list, we've go countries like Turkey, Argentina, Vietnam, Ukraine, and many other.
Binance Worldwide Website Traffic & Engagement in the Past Three Months
The average monthly number of people visiting websites globally is 89.6 million.
Male users connect with websites 72.27% of the time, whereas female users engage with websites at 27.26%
89.6 million users visited the website each month on average; and the users engage with the website for an average of 18 minutes and 54 seconds, viewing an average of 3 pages before leaving.
What Major Cryptocurrencies are Available on Binance.com?
Binance.com features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
How Many Cryptocurrency Assets are Supported on Binance.us
Binance.US offers a selection of over 120 cryptocurrencies. Users can buy, sell, and trade popular assets like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Cardano (ADA), as well as lesser-known ones like VeChain (VET) and Orchid (OXT).
Binance.US also allows the staking of 19 different cryptos, including Ethereum, Cardano (ADA), Polkadot (DOT), Polygon (MATIC), Solana (SOL) and The Graph (GRT), advertising yields as great as 12.5% annual percentage yield (APY).
How Many Cryptocurrency Assets are Supported on Binance.com
Binance.com offers crypto-to-crypto trading in more than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and its own token Binance Coin (BNB).
Binance accepts a wide range of currencies and makes it easy to buy crypto using USD, EUR, CNY, AUD, INR, RUB, and other fiat currencies. You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), and Tether (USDT) to buy crypto.
According to the Bloomberg Billionaires Index, Changpeng Zhao, who also serves as Binance's CEO, is claimed to be wealthy from bitcoin, having purchased $1 million in the digital currency when it was only $600 per unit.
Changpeng Zhao is the founder of Binance. His Real-Time Net Worth is $17.4 Billion as of November 11 2022. He is ranked Number 93 Richest Man in the world, today.
Changpeng Zhao, who goes by the acronym “CZ”, is the founder and CEO of Binance, the largest cryptocurrency exchange in the world.
The Chinese-Canadian coder cut his teeth building high-frequency trading systems for Wall Street's flash boys.
In 2021, Binance facilitated trades worth over $9.5 trillion, over two-thirds of all trading volume handled by centralized crypto exchanges.
In February 2022, Binance announced that it plans to spend $200 million to buy a minority stake in Forbes via a SPAC transaction.
He is 45 years old
His Source of Wealth is cryptocurrency exchange (Self Made)
He lives in Dubai, United Arab Emirates
He is a Citizen of Canada
The Table below shows Changpeng Zhao's Net Worth by Year
Year
Net worth (USD Billion)
2,018
1.4 Billion
2019
1.2 Billion
2021
1.9 Billion
2022
17.4 Billion
Source: Forbes Real-Time Billionaires
Binance.com Milestones Throughout The Years
Binance.com Milestone Report in 2017
User Count: 122,729
In 2017 Binance was only available in 17 countries
BNB coins were ranked 15th in market value among all digital assets globally, with a market cap of $189MM USD
The Binance employees’ headcount was 78.
Binance.com Milestone Report in 2018
US$1,200,000,000 average daily trading volume on Binance for 2018
1,400,000 transactions per second of Binance processing capacity
10,000,000+ Binance users worldwide
180+ countries and regions where Binance users are based
40+ countries where the Binance team is operating
151 coins listed on Binance
396 trading pairs on Binance
13 languages supported on the Binance website
6 languages added on the Binance website this year: Vietnamese, Portuguese, Turkish, Italian, Dutch, Polish
3,229,045.91 tokens retrieved by Binance for thousands of users serviced by our Binance Support team
9,200,652 BNB already burned out of the planned burn of 100,000,000 BNB in the Binance whitepaper
$120,000,000 worth of BNB tokens burned
500,000+ Trust Wallet users across Android and iOS apps
30,000 ERC20, ERC223, and ERC721 tokens supported by Trust Wallet
10 blockchains that Trust Wallet now supports or is in the process of supporting
Binance.com Milestone Report in 2019
US$2,852,591,354 average daily trading volume
15,000,000+ Binance users worldwide
180+ countries and regions where Binance are based
40+ countries where the Binance team is operating
184 tokens listed on Binance
591 trading pairs on Binance
16 total languages supported on the Binance website
8,875,322 USDT worth of more than 200 types of tokens retrieved by the Binance Support Team for thousands of users
Binance.com Milestone Report in 2020
$15 billion in 24-hour all-time-high spot trading
$3.88 billion average daily trading volume
184 tokens listed on Binance
591 trading pairs on Binance
7,000,000 USDT in recovered funds by Binance Customer Service for 3,109 users this year.
26 languages featured on the Binance website
11 languages supported by Binance Customer Service
Binance.com Milestone Report in 2021 (First Quarter)
In Jan 2021, trading volume was approximately $1.42 trillion with a single-day high of $86.81 billion.
In Feb 2021, trading volume was in the region of $1.82 trillion with a single-day high of $126.26 billion.
In March 2021, trading volume reached $1.85 trillion with a single-day high of $77.92 billion.
Binance.com Milestone Report in 2022 (First Quarter)
In Jan 2022, trading volume was around $1.93 trillion and had a single-day high of $106.55 billion.
In February 2022, was approximately $1.71 trillion with a single-day high of $127.92 billion.
In March 2022, was in the region of $1.90 trillion, reaching a single-day high of $96.47 billion.
Binance Earn - a platform for stablecoin deposits with the exchange that allows users to stake their coins or earn interest.
Binance Visa Card - a credit card that enables users to exchange their cryptocurrency for fiat money and use that money to purchase goods and services.
Binance Smart Pool - which gives miners the option to switch between various cryptocurrencies in order to maximize and increase their mining profits.
LaunchPad - a website provided by Binance that hosts new and developing blockchain projects as well as API interfaces. 64 projects had been launched as of July 2022.
The internal token of is called Binance Coin (BNB). The Binance exchange is employed to facilitate cryptocurrency trading. The coin was introduced in July 2017 via an initial coin offering (ICO).
Binance distributed 100 million BNB tokens to all ICO participants, 20 million BNB tokens to angel investors, and 80 million BNB tokens to the founding staff.Initially, Binance Coin utilized the ERC 20 standard and operated on the Ethereum network. However, Binance Coin replaced the BNB Chain's native coin in 2019.
The value of one BNB in July 2022 is around $237. By market capitalization, it is the fifth most valuable blockchain-based coin, valued at over $3.9 billion.
In October 2022, CoinMarketCap, Tradingview, KuCoin, and BscScan, were among top 5 rivals.
Though, CoinMarketCap its mother subsidiary has become one of the main rivals of , according to SimilarWeb data on monthly visitors, with 104.0M visits.
TradingView, which had 179.3M visitors in October 2022, is the second-most comparable website, and , with 8.8M, rounds out the top 3. The fourth- and fifth most similar websites to are and , respectively.
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About the author
Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.