Reports. 

Korea is among the most influential crypto markets, and we focus on analyzing how to measure and understand its liquidity. This report analyzes the key signals that allow for accurate reading of crypto liquidity across Korean exchanges.

Binance reached 300 million registered users in December 2025, eight years after launching. The exchange built liquidity conditions that separated it from competitors, not through guaranteed dominance, but through execution reliability, infrastructure investment, and design choices that compounded across that period. It now processes over $20 billion in daily spot volume across 1,630 trading pairs, maintaining depth that supports both retail and institutional execution with minimal slippage.