12 Binance Statistics that will Blow your Mind (2022)

12 Binance Statistics That Will Blow Your Mind

If you are aware of Cryptocurrencies and Blockchain Technology, you might know what a Crypto Exchange is. However, if you can not recall what a Crypto exchange is, then we will give them a brief introduction.


  1. Binance Users
  2. What is The Trading Volume of Binance?
  3. When Was Binance Founded?
  4. Binance Revenue
  5. What is The Business Model of Binance?
  6. How Much is Binance Worth?
  7. When Will Binance US Go Public?
  8. Who Founded Binance?
  9. Which Countries Banned Binance?
  10. Binance Usage By Country
  11. Binance Profit Statistics
  12. Traffic Statistics

In simple words, a Crypto exchange is a platform that allows users to trade cryptocurrencies or digital currencies for other assets. So, using a Crypto exchange you enter the world of Cryptocurrencies to buy, sell or trade them. So any user can buy their Bitcoin, Ether, Dogecoin, or any other coin using a Crypto Exchange. 

Now that you know the basics of a Crypto exchange, we will talk about the Biggest Crypto exchange in the market, Binance. 

Binance – The Largest Crypto Exchange

Binance - The Largest Crypto Exchange

Binance is the leader of the Crypto exchange ranking list in terms of volume by a large margin. There are many reasons for Binance’s popularity, however, the primary reason can be pointed out to be the really low spot trading fee. Many Crypto exchanges charge a high fee to their users, which makes Binance an attractive choice as it offers one of the lowest spot trading fees in the market.

Unfortunately, Binance has been perceived as a threat by many countries and has been under Regulatory scrutiny for a long time. The company was fined multiple times by various governments around the globe.

The United States took a major step and banned Binance in the country. However, Binance soon bounced back by launching binance.us, a separate exchange that complies with the laws of the United States.

Additionally, the United Kingdom also banned Binance in 2019, as it failed the anti-money laundering parameters set by the government of the United Kingdom.

So now without further ado, we will discuss some important facts and statistics about Binance that you need to know in 2022 in this article.

12 Binance Statistics you Need to Know in 2022

1. Binance Users

Binance Weekly Traffic

The first statistic we will talk about in this article is the number of users that use the Binance Platform. According to SimilarWeb, the world’s largest crypto exchange has weekly traffic of over 29 million visitors. So as of early 2022, Binance has about 30 million visitors.

Back in 2017, when Binance was founded, it had amassed a user base of a whopping 120,000 individuals in just a year. This info was provided by the Platform itself.

Back then, Binance used to have about four to six thousand new registrations daily.

Further, in 2020, Binance revealed that the average trading volume on the platform was close to $4 billion, at $3.88 billion.

As of today, Binance has seen a trading volume of more than $13 billion, as reported by the popular Crypto analysis website CoinMarketCap.

Additionally, the Platform has a very impressive engagement, where more than 50% of users have at least one trackable action such as logging in, depositing, withdrawing, and much more, each day.

2. What is The Trading Volume of Binance?

Trading Volume of Binance

We have said it multiple times but it is a fact that Binance is the largest Cryptocurrency exchange in the market. However, the question is what is the daily trading volume of Binance?

According to statistics by Statista, Binance has registered a trading volume of more than $15 billion on 4th March 2022. This figure makes Binance the biggest Crypto exchange in terms of volume.

In contrast, the second in this list, Hotcoin Global, has not even crossed the $10 billion mark and is at $9.9 billion.

Additionally, Binance has broken all records last year by logging a whopping 7.7 trillion dollars worth of trading volume. For comparison, the GDP of the USA in 2021 was $19.485 trillion in 2021, as per worldmeters.info.

3. When Was Binance Founded?

Binance was founded in 2017 by Chinese-Canadian software developer and businessman, Changpeng Zhao.

The website’s official launch was on 24th June 2017. On that very day, the website Binance.com registered an impressive number of 9,000 users.

Binance has published an account of its early history on its website. Some important early milestones achieved by Binance is given below:

14 June 2017Binance decided to do an ICO (Initial Coin Offering) which Kick-started the project
8 June 2017 Binance distributed the initial white paper in English and Chinese languages
20 June 2017Private angel round is concluded
22 June 2017Binance.com starts operations and about 60% of the ICO happened there
24 June 2017Binance.com has the official launch with 9,000 registrations
25 June 2017ICO functions codes are done
26 June 2017ICO starts with 5 sessions for a week
3 July 2017ICO concludes, with each session lasting from a few hours to a few minutes
14 July 2017Binance exchange is launched with BNB, BTC, ETH, LTC, and NEO
19 July 2017The API trading functionality is launched
24 July 2017The company, to attract customers introduced zero trading fee for a month
27 July 2017The company listed four new coins on the platform QTUM, SNT, EOS, and BNT
29 July 2017KYC (Know Your Customer) feature was added

4. Binance Revenue

In 2021, Binance generated $20 Billion worth of revenue. This is almost four times greater than 2020’s number, which stood at $5.5 billion. 

In comparison, Binance’s biggest competitor and also the exchange with the most users, Coinbase did an estimated $7 billion worth of revenue in 2021. It is surprising how Binance managed to do three times of the revenue in comparison to its rival and immediate competitor.

5. What is The Business Model of Binance?

Binance does generate a lot of revenue, but how does it make money? Well, Binance mostly makes Money by transactional and withdrawal fees.

Features such as spot trading, margin borrow interest, USD-M futures trading, COIN-M futures trading, cross collateral interest, liquidity swap fee, and Peer to Peer, are included in Transaction fees.

Binance offers a spot trading fee starting at 0.1% if the user’s 30-day trading volume is less than 1 million BUSD.

Additionally, Binance users are required to pay a flat fee for Crypto withdrawals.

For instance, if you withdraw Bitcoin, you will have to pay a flat fee of 0.0005 BTC. And if you withdraw Ethereum, you will be required to pay a flat fee of 0.00625 ETH.

6. How Much is Binance Worth?

As of early 2022, Binance is valued at around $300 billion. However, the CEO and founder of the company Changpeng “CZ” Zhao, said that the valuation of Binance is not that simple and is very subjective.

To give it a perspective, As of early 2022, the company’s main rival Coinbase is worth about $40 billion.

7. When Will Binance US Go Public?

Chengpeng “CZ” Zhao, in a Q&A session, talked about the plans of his organization. He said that his company is aiming to hold an IPO for Binance.us in the near future, hopefully in 2024. This IPO might be more than worth $10 billion.

He further gave the example of Coinbase, saying that “Binance.US is just going to do what Coinbase did.”

Coinbase went public on 14th April 2021.

However, as of now, there’s no news about when Binanc.com will go public.

8. Who Founded Binance? 

Binance was founded by Changpeng Zhao (also known as “CZ”) in 2017. CZ also serves as the CEO of Binance.

Soon after the inception of Binance, it became the largest crypto exchange by volume in 2018.

Recently, CZ hit the news after estimates by Bloomberg and other financial analysis Platforms estimated his net worth to be greater than $90 billion.

According to Bloomberg, CZ is worth more than $96 billion which makes him the 11th Richest man in the world. It is worth noting that this figure doesn’t account for his Crypto portfolio which might make him rank even higher in the world’s richest list.

The estimate assumes that CZ owns about 90% of the stake in Binance, which accounted for that figure that we have mentioned above.

Last year, in February 2021, he tweeted on Twitter that he holds zero fiat money.

The 44-year-old CEO has also worked for other companies such as Blockchain.com, where he was the head of development.

9. Which Countries Banned Binance?

As of now, Binance has been facing a lot of Regulatory setbacks. Binance is banned in China, Singapore, and the UK.

The largest Crypto exchange was accused of facilitating money laundering and financial crimes. Due to these accusations, Binance is under a lot of Regulatory pressure from various countries.

The company has been fined a lot of times in the past, based on these accusations.

These accusations have resulted in the complete ban of Binance.com in the United States due to not complying with the regulatory framework of the country.

However, Binance soon bounced back with the launch of Bitcoin.us, a separate entity that complies with the laws of the United States.

The United Kingdom also banned Binance in 2021, after Binance failed to meet the country’s anti-money laundering requirements.

As per Britain’s Financial Conduct Authority, Binance Markets Limited is not allowed to undertake any regulated activity in the UK.

Presently, in 2022, Binance.sg, the Singapore version of Binance was shut down after Binance’s failed efforts for getting a license.

10. Binance Usage By Country

SimilarWeb, a website that analyses the traffic of websites and ranks them, estimated that Turkey is the biggest fan of Binance. The country accounts for 6.4% of the total traffic of Binance.

On the second rank, Russia generates 5.94% of the total traffic of the website.

Unfortunately, the United States does not contribute any traffic to this statistic as Binance.com does not operate in the Country.

It is worth noting that, unlike other Crypto exchanges which are mostly active in a particular geographic region, Binance has a very vast area of operation. The company essentially bridges the gap between western and eastern countries.

11. Binance Profit Statistics

Along with being the largest Crypto exchange, Binance is also the most profitable. Binance generated a profit of __ in 2021, which is _% more than last year’s profit. Binance generated a profit of $900 million in 2020.

For comparison, the second biggest Crypto Exchange, Coinbase generated a profit of $1.14 billion in 2020 and $4.03 billion in the first half of 2021.

12. Traffic Statistics

Binance Traffic Statistics

SimilarWeb has analyzed Binance’s traffic. The website has reported that Binance.com has about 141.9 million monthly visitors. Unfortunately, the monthly traffic of Binance has been declining since November. Binance.com had 187.9 million visitors in November and 155.6 million visitors in December.

As of now, Binance.com is the 262nd most popular site in the world.

Additionally, Binance gets the most traffic from Turkey which amounts to 6.4% of all the traffic Binance.com receives. Also, Binance is the 143rd most popular site in Turkey.


Binance is the largest Crypto Exchange in the world. Unfortunately, it has been facing a lot of Regulatory pressure lately. Multiple countries all over the world have either fined, Regulated, or banned Binance.

Singapore is the latest country where Binance shut down operations. Before this, Binance was banned in the United Kingdom as it failed to comply with its strict regulations.

However, it is worth noting that despite facing so many setbacks, Binance is still rising. The genius behind Binance, its founder Changpeng Zhao is the reason for Binance’s phenomenal success. He hopes for mass adoption of Crypto and a more inclusive crypto world with integration with banks. He iterated that Binance will embrace Regulations and will comply with them.

Further Reading