Binance at $200 billion
If Coinbase is some sort of crypto Superman, Binance is the shadowy Batman. Or perhaps Coinbase is Wonder Woman to Binance’s Catwoman. (You get the idea. We’re nerds.)
Binance is deeply impressive on multiple fronts. As a centralized exchange founded in 2017, it has survived multiple in attempts to shut down bitcoin trading in China. It is multi-jurisdictional, holding redundant licenses across the long tail of small countries willing to grant it the equivalent of economic asylum. It is also aggressively inclusive, having a reputation for the widest selection of assets and a lightning quick propensity for execution.
On top of that, it launched an exchange token that mattered – BNB. And it did the launch when initial coin offerings were starting to sour. The token made promises of future features, and functioned largely like a referral mechanism for affiliate trading fees. This catapulted Binance into volume that would make Coinbase blush...2020 by the Numbers
Binance Exchange
$15 billion in 24-hour all-time-high spot trading (up by 5 billion compared to 2019)
$3.88 billion average daily trading volume (up by 36%)
184 tokens listed on Binance (up from 151)
591 trading pairs on Binance (up from 396)
7,000,000 USDT in recovered funds by Binance Customer Service for 3,109 users this year. (Total funds recovered since 2017 is 15,000,000 USDT)
26 languages featured on the Binance website (up from 16)
11 languages supported by Binance Customer Service
Binance Futures, Options, and Margin
37 billion USDT in 24-hour all-time-high futures trading (up by 34 billion compared to 2019)
2.6 billion USDT in all-time-high open interest (up by 18-fold since the start of the year)
1.7 trillion USDT in total trading volume year-to-date (up by 28-fold compared to 2019)
400+ trading pairs available for Margin Trading (up from 56)
149 derivative contracts listed on Binance Futures (including 78 USDT-margined contracts, 33 Coin-margined contracts, 32 leveraged tokens and 6 options contracts)
Binance Fiat (local currencies)
$31.9+ billion in total order volumes this year
$100,000,000+ all-time-high daily trading volume
7,970,000+ orders processed this year
700% increase in active users from 2019
Binance P2P
$6 billion in total order volumes this year
$54 million all-time-high daily trading volume
3,000,000 orders processed this year
1,454 P2P merchants worldwide
760% increase in active users from 2019
150 payment options accepted worldwide
51 fiat currencies supported
Crypto-Financial Services
$2,900,000,000 worth of crypto assets currently on Binance Earn
$70,850,000 worth of total rewards distributed on Binance Earn
210,000+ daily active users of Binance Earn
3rd: current ranking of Binance Pool in global mining, just nine months after launch.
2.5% and 0.5% mining fees for BTC and ETH respectively on Binance Pool, the lowest in the crypto mining industry.
$700,000,000 in volume generated via the Binance OTC Portal
46% growth in institutional client base this year
Binance Smart Chain
60 projects using Binance Smart Chain
600,000 unique Binance Smart Chain addresses
3,000,000 BNB staked by Binance Smart Chain validators
40 wallets offered on Binance Chain & Binance Smart Chain (up from 30)
810,000 Binance Chain addresses (up from 332,444 in 2019)
154 tokens listed on Binance DEX (up from 111)
$344,000 in recovered funds for Binance Smart Chain users following the WineSwap exit scam
13,384,040 BNB burned in 2020 (up from 5,324,482 BNB in 2019)
$218,966,000 worth of BNB burned in 2020 (up from $86,138,000 in 2019)
104 identified use cases/platforms supported for BNB in 2020 (up from 67 in 2019)
BUSD
$805 million market cap (up from $31m in 2019)
Top 4 current ranking in the global stablecoin market.
$4.5 billion in total BUSD minted (up from 190,000,000)
110+ Exchanges/DEXs, lending platforms, payment platforms, and wallets that had listed BUSD (up from 20+)
Binance Launchpad and Launchpool
$14,715,400 total funds raised across six token sale launches on Binance Launchpad
$900,000,000 in all-time-high TVL (total value locked) on Binance Launchpool
$637,000,000 in average TVL on Binance Launchpool
189,913 accumulated participants in Binance Launchpool
22 liquidity pools offered for eight Binance Launchpool projects
Binance Ecosystem
5 million total users of Trust Wallet
4.7 million total users of Binance Academy
140 new articles from Binance Academy this year
1.8 million total users of Binance Research
$900,000 in investments made so far under the BSC Accelerator Fund
15 projects that won grants through the BSC Accelerator Fund
60 projects supported in the Binance X Fellowship program
$2 million in monthly volume generated from Binance Brokers
400 onboarded on the Binance Brokerage Program, across more than 30 countries
$10 million in total cryptocurrency donations raised by Binance Charity on all campaigns
1.5 million PPEs donated to 400 hospitals in 26 countries to fight COVID by Binance Charity
1 million total end-beneficiaries covered by Binance Charity
$74,000 awarded to users through our bug bounty program
Acquisitions and Partners
953,000,000 pageviews and 50,000,000 users on CoinMarketCap (acquired in April)
$264,000,000 peak market cap of the SXP token from Swipe (acquired in July)
760% increase in monthly volume for WazirX (acquired in November 2019)
If Coinbase is some sort of crypto Superman, Binance is the shadowy Batman. Or perhaps Coinbase is Wonder Woman to Binance’s Catwoman. (You get the idea. We’re nerds.)
Binance is deeply impressive on multiple fronts. As a centralized exchange founded in 2017, it has survived multiple in attempts to shut down bitcoin trading in China. It is multi-jurisdictional, holding redundant licenses across the long tail of small countries willing to grant it the equivalent of economic asylum. It is also aggressively inclusive, having a reputation for the widest selection of assets and a lightning quick propensity for execution.
On top of that, it launched an exchange token that mattered – BNB. And it did the launch when initial coin offerings were starting to sour. The token made promises of future features, and functioned largely like a referral mechanism for affiliate trading fees. This catapulted Binance into volume that would make Coinbase blush...2020 by the Numbers
Binance Exchange
$15 billion in 24-hour all-time-high spot trading (up by 5 billion compared to 2019)
$3.88 billion average daily trading volume (up by 36%)
184 tokens listed on Binance (up from 151)
591 trading pairs on Binance (up from 396)
7,000,000 USDT in recovered funds by Binance Customer Service for 3,109 users this year. (Total funds recovered since 2017 is 15,000,000 USDT)
26 languages featured on the Binance website (up from 16)
11 languages supported by Binance Customer Service
Binance Futures, Options, and Margin
37 billion USDT in 24-hour all-time-high futures trading (up by 34 billion compared to 2019)
2.6 billion USDT in all-time-high open interest (up by 18-fold since the start of the year)
1.7 trillion USDT in total trading volume year-to-date (up by 28-fold compared to 2019)
400+ trading pairs available for Margin Trading (up from 56)
149 derivative contracts listed on Binance Futures (including 78 USDT-margined contracts, 33 Coin-margined contracts, 32 leveraged tokens and 6 options contracts)
Binance Fiat (local currencies)
$31.9+ billion in total order volumes this year
$100,000,000+ all-time-high daily trading volume
7,970,000+ orders processed this year
700% increase in active users from 2019
Binance P2P
$6 billion in total order volumes this year
$54 million all-time-high daily trading volume
3,000,000 orders processed this year
1,454 P2P merchants worldwide
760% increase in active users from 2019
150 payment options accepted worldwide
51 fiat currencies supported
Crypto-Financial Services
$2,900,000,000 worth of crypto assets currently on Binance Earn
$70,850,000 worth of total rewards distributed on Binance Earn
210,000+ daily active users of Binance Earn
3rd: current ranking of Binance Pool in global mining, just nine months after launch.
2.5% and 0.5% mining fees for BTC and ETH respectively on Binance Pool, the lowest in the crypto mining industry.
$700,000,000 in volume generated via the Binance OTC Portal
46% growth in institutional client base this year
Binance Smart Chain
60 projects using Binance Smart Chain
600,000 unique Binance Smart Chain addresses
3,000,000 BNB staked by Binance Smart Chain validators
40 wallets offered on Binance Chain & Binance Smart Chain (up from 30)
810,000 Binance Chain addresses (up from 332,444 in 2019)
154 tokens listed on Binance DEX (up from 111)
$344,000 in recovered funds for Binance Smart Chain users following the WineSwap exit scam
13,384,040 BNB burned in 2020 (up from 5,324,482 BNB in 2019)
$218,966,000 worth of BNB burned in 2020 (up from $86,138,000 in 2019)
104 identified use cases/platforms supported for BNB in 2020 (up from 67 in 2019)
BUSD
$805 million market cap (up from $31m in 2019)
Top 4 current ranking in the global stablecoin market.
$4.5 billion in total BUSD minted (up from 190,000,000)
110+ Exchanges/DEXs, lending platforms, payment platforms, and wallets that had listed BUSD (up from 20+)
Binance Launchpad and Launchpool
$14,715,400 total funds raised across six token sale launches on Binance Launchpad
$900,000,000 in all-time-high TVL (total value locked) on Binance Launchpool
$637,000,000 in average TVL on Binance Launchpool
189,913 accumulated participants in Binance Launchpool
22 liquidity pools offered for eight Binance Launchpool projects
Binance Ecosystem
5 million total users of Trust Wallet
4.7 million total users of Binance Academy
140 new articles from Binance Academy this year
1.8 million total users of Binance Research
$900,000 in investments made so far under the BSC Accelerator Fund
15 projects that won grants through the BSC Accelerator Fund
60 projects supported in the Binance X Fellowship program
$2 million in monthly volume generated from Binance Brokers
400 onboarded on the Binance Brokerage Program, across more than 30 countries
$10 million in total cryptocurrency donations raised by Binance Charity on all campaigns
1.5 million PPEs donated to 400 hospitals in 26 countries to fight COVID by Binance Charity
1 million total end-beneficiaries covered by Binance Charity
$74,000 awarded to users through our bug bounty program
Acquisitions and Partners
953,000,000 pageviews and 50,000,000 users on CoinMarketCap (acquired in April)
$264,000,000 peak market cap of the SXP token from Swipe (acquired in July)
760% increase in monthly volume for WazirX (acquired in November 2019)