Binance, the world's largest cryptocurrency exchange, has just set another record penetrating 275 million registered users globally as of late May 2025. That's a staggering 80 million new accounts within five months, demonstrating Binance's dominance as regulatory heat intensifies in prominent markets. Where Are the New Users Coming From? The speed is stunning. Binance added 25 million users since January, after a record 50 million in the second half of 2024 alone. Nearly half of all Binance users have signed up in 2024, with the exchange now onboarding hundreds of thousands of new traders every day. This growth isn't local: Binance is active in over 100 nations, with significant pull in Asia, Latin America, and Africa, where cryptocurrency adoption is picking up speed as a protection against inflation and as a means of financial empowerment. “275 million strong & growing. Thank you for being part of this incredible journey. Onward,” CEO Richard Teng posted on X, celebrating the milestone How Does Binance Compete with Others? Binance's numbers overwhelm others. As of May 2025, its closest Western competitor, Coinbase, has fewer than 120 million registered users and less international presence. Binance leads not only in user numbers, but also in daily trade volume, averaging over $20 billion daily with a 38–41% global market share. Metric Binance Coinbase Registered Users (Million) 275 110 Daily Trading Volume (USD Bn) 20 10 Supported Cryptocurrencies 350 240 Global Reach (Countries) 100 50 Market Share (%) ~40 ~10 The exchange boasts over 350 listed cryptocurrencies, over 100 nations where customers can trade, and continues to introduce new features like advanced staking and NFT marketplaces. Does User Growth Automatically Equal More Trading? Binance users are growing astonishingly, but experts caution that rising wallets do not always mean rising active trading. Some of the new accounts may be meaningless or utilized for airdrops only, and trading volumes may lag behind headlining user numbers. Nevertheless, Binance's Q1 2025 volume on the spot trading came in at $2.2 trillion, which is above the previous quarter, and its market share continues to grow. The platform is aided in converting new joiners to active consumers by low fees, extensive asset coverage, and steady product development. Binance's ongoing user growth shows that crypto is not only surviving regulatory attention — it's thriving. But the real test is coming: Are the new users active traders, tweeted @CryptoStats. Binance's growth comes against a backdrop of ongoing regulatory issues in the US, Europe, and parts of Asia. The exchange has responded by increasing compliance, obtaining 21 global licenses, and investing in user safety in the guise of its $1B SAFU fund. This forward thinking with open proof-of-reserves and effective KYC has built trust-despite some rivals' failure to keep pace. The bottom line With 275 million users and counting, Binance's growth story is not over and may be the strongest sign to date that crypto adoption is going global.
