ARTICLE AD BOX
- Achieved $160B in assets under custody and doubled VIP user base, marking institutional confidence.
- Surpassed $100T in trading volume, demonstrating high scalability and liquidity.
- Educated over 44M learners through Binance Academy, promoting blockchain awareness.
- Partnered with global figures like Cristiano Ronaldo, mainstreaming cryptocurrency conversations.
Binance solidified its leadership in the cryptocurrency sector throughout 2024 by achieving groundbreaking milestones across multiple fronts. With over $160 billion in user assets under custody and a cumulative trading volume surpassing $100 trillion, the platform demonstrated its ability to attract both institutional and retail investors.
In addition to strengthening trust among professional traders, Binance introduced innovative tools like Spot Copy Trading and a Unified Portfolio Margin wallet.
Key Financial Achievements
- $160 billion in assets under custody: Binance reported unprecedented growth in user assets, supported by inflows of over $30 billion, underscoring its trust among retail and institutional investors.
- Doubling the VIP user base: Professional traders and institutional investors increasingly relied on Binance, reflecting its influence in bridging traditional and crypto markets.
- Cumulative trading volume surpassing $100 trillion: Operational efficiency and high liquidity positioned Binance as a leading trading platform, offering unmatched scalability.
Innovative Trading Tools
Continuing with CNF reports, Binance introduced features like Spot Copy Trading and a unified Portfolio Margin wallet, catering to both novice and experienced traders. These tools enhanced user experience by simplifying complex trading strategies, further solidifying Binance’s role in making crypto markets more accessible.
Educational and Cultural Outreach
Beyond trading, Binance’s educational initiatives reached over 44 million learners via its Binance Academy courses, fostering blockchain literacy worldwide. Partnerships with global icons like Cristiano Ronaldo elevated crypto conversations to mainstream audiences, demonstrating Binance’s vision of integrating blockchain into everyday life.
BNB (Binance Coin) is currently trading at $691.52, reflecting a 1.98% increase in the last 24 hours. Its market capitalization stands at $99.58 billion, with a 24-hour trading volume of $2.29 billion, marking a 6.01% increase. The circulating supply is 144 million BNB, with no fixed maximum supply.
BNB has been gaining traction as Binance Labs continues to invest in projects enhancing the BNB Chain ecosystem, focusing on DeFi innovations, scalability improvements, and user experience. Recent developments include Gas-Free stablecoin transactions, extended with key partners until March 2025, to boost adoption. Additionally, Osprey Funds’ U.S. investment product for BNB has made the token more accessible to traditional investors.
With BNB’s growing utility in DeFi, payments, and centralized exchanges, combined with ecosystem expansions, the token could test the $700 – $725 range in the short term. However, if momentum slows, a retracement to $670 – $680 could occur before resuming an upward trajectory.