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Amazing Facts About Binance
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
Sources: Binance, Messari, Binance 1, Yahoo, Statista, Techcrunch, Coin Base, Binance 2, Research Binance 3, Binance 4, Binance US, Coin Telegraph, Binance 5, BTCdirect, Binance 6, Coin Telegraph 2, Statista 2, Digital Nationaus, News Crunchbase, Binance 7
About Binance: Company Overview
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!
Sources: Binance, Craft, CNN, Craft, Beincrypto, Crunchbase, Binance, Coin Telegraph
Binance Valuation Throughout the Years
In 2020, Binance was valuated at US$5.5 billion, with a skyrocketing progress in 2021, as it reached US$20 billion.
As of 2022, Binance's valuation is situated at about US$45 billion.
Who knows what's next for Binance? The previous years looked bright, and we expect that the future is going to remain the same bright.
Source: Coin Gape, Bloomberg
Binance Funding History
Binance has raised a total of $88.8K in funding over 3 rounds. Their latest funding was raised on Oct 23, 2018, from a Venture - Series Unknown round.
Source: Crunchbase
What is the Total Number of Binance Investments?
Binance has made 28 investments. Their most recent investment was on Sep 29, 2022, when MX Global raised $1.6M.
Source: Crunchbase
Binance Investments History
Binance had quite a lot of investments in the past. The first investment that we were able to find was on the 1st of March, 2021.
Ever since that date, there have been many other investments. Take a look at this graph to see all of them:
Who do you think is going to be Binance's next investor?
Source: Crunchbase
What is the Total Number of Binance Acquisitions
Binance has acquired 7 organizations. Their most recent acquisition was Swipe.io on Jun 30, 2020.
Source: Crunchbase
Binance Acquisition History
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.
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.
Source: Crunchbase
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.
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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.
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!
Source: Binance, Binance 1, Binance 2, Binance 3, Bein Crypto, Coin Gecko, Statista
How much was Binance Coin Throughout the Years?
With the market cap at $1.6 Billion in 2017, BNB (Binance Coin) went as high as $47 Billion in 2022.
The coin sees a prosper future ahead.
Like most other cryptocurrency apps, Binance has its own coin, abbreviated as BNB. If you've used Binance before, you've definitely seen this coin.
Source: Statista
Binance Coin (BNB) Market Capitalization
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.
%20Market%20Capitalization%20Throughout%20the%20Years%20.jpg)
Source: Statista, Binance, Kriptomat, Coin Desk
Binance USD (BUSD) Market Capitalization
Binance USD (BUSD) has experienced tremendous growth in the past year, with its market capitalization reaching an astonishing $19 billion in 2022.
Source: Coin Market Cap
Binance Coin (BNB) Burning History
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.
Source: Academy Binance
How often does Binance burn its BNB Coin?
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:
Source: Academy Binance
How many employees does Binance have?
At the moment, Binance has more than 7,000 employees around the world.
There's not much data on how many people worked for Binance in 2017 and 2018. Though since 2019, we started to know something about it.
Sources: Linkedin, Rocketreach, Crunchbase, CBinsights, Crunchbase 2, Techcrunch, Linkedin 2, Pitchbook
Binance Users Demographic Statistics
Let's now take a look at a few data about Binance's information about users & usage of the app.
We'll start by talking about how many users there are in the USA.
How Many Users in the US Visited Binance.us in the Past Three Months?
On a three-month-basis, Binance.us has about 2.4M users every month.
Source: SimilarWeb
How Often was Binance.us Website Visited in the Past Three Months by Users from the US?
Users from the USA visited the Binance.us website the most, covering over 92% of the total users.
The rest of them are from India, Puerto Rico, Canada, and 6% from various other countries.
Source: SimilarWeb
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.
Source: SimilarWeb
How Many Users Visited Binance.com in the Past Three Months?
Judging on a three-month-basis, Binance has had about 100 million users. That's more than just impressive!
Let's wait for the next three months and see how the numbers change.
Source: SimilarWeb
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.
Source: SimilarWeb
How Many International Users Visited Binance Website in the Past Three Months?
In the past three months, Binance's website was internationally visited by about 100 million users, on average.
Source: SimilarWeb
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.
Source: SimilarWeb
Top Five Countries with the Most Investments in Binance Coins in 2022
Russia is Binance's largest investor, as it has invested 5.87% of Binance's coin.
After Russia, there's Turkey which has investments of 5.86% in Binance's coin. That's just 1% away from taking Russia's lead!
Source: SimilarWeb
What were the Most Used Devices by Countries to Access Binance in 2022?
Binance is most used on desktop devices in the USA, whereas in other countries, it's almost 50/50 that people use desktop and mobile devices.
Sources: SimilarWeb, Semrush
What is the Number of Binance Users Throughout the Years?
Binance recent user amounts to 30 million+ as of August 2022 an increase of 7.1 million users from the previous year.
Source: Source: Binance, Binance 1, Binance 2, Binance 3
Where are the Countries where Binance is Available?
Countries where the Binance team is available:
Source: Binance
Binance Cryptocurrency Exchange Market Statistics
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).
- Ethereum (ETH)
- Bitcoin (BTC)
- Binance USD (BUSD)
- Stellar Lumens (XLM)
- Litecoin (LTC)
- Ripple (XRP)
- Basic Attention Token (BAT)
- TrueUSD (TUSD)
- Tether (USDT)
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Binance Coin (BNB)
- TRON (TRX)
Source: Coin Market Cap, Investopedia
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).
Source: Investopedia, Forbes
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).
Source: Investopedia
What Currencies does Binance support?
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.
Source: Binance
How does Binance Make Money?
Binance makes money from:
- Trading fees
- Margin fees
- Interest in crypto loans
- Spreads
- Withdrawal fees
- Fees from the broker program
- Binance also makes money from cloud offerings, mining services, interchange fees, and profits from its investments.
Source: Finty
What are Binance Users Apps Downloads Statistics?
- 50Million+ Android downloads
- 2 million+ iOS downloads
Sources: Play Google, Crypto Mode
Who is the richest Binance Trader?
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.
Source: Investopedia, SCMP
Binance Founder Net Worth
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
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.
Source: Binance, Binance 1, Binance 2, Binance 3, Bein Crypto
Does Binance offer other Services?
Yes, Binance offers other services such as:
- 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.
Source: Investopedia
What to Know about Binance Coin (BNB)
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.
Source: Investopedia
Binance Competitors Users Website Visit Stats
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.
Source: SimilarWeb
