Liquidity Flywheel Drives Binance to 300 Million Users
Reports.
Our Quarterly Market Report and Weekly Chartbook provide expert data-driven charts and commentary on the most significant market trends.
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Partner Report
18/12/2025
Liquidity Flywheel Drives Binance to 300 Million UsersDownloadBinance 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.
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Report
28/11/2025
Better Plumbing for Crypto DerivativesDownloadCanton is an attractive environment to test and scale these mechanics because it already carries tokenized collateral workflows in production, with permissioned privacy and deterministic execution.
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Partner Report
18/07/2024
The State of the Korean Crypto Market.DownloadKorea stands as a technological powerhouse and a significant player in the global cryptocurrency landscape. This report explores regional crypto market trends and examines the historical factors that have influenced the development of Korea’s domestic exchanges and key players over time.
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Quarterly Market Report
04/07/2024
Quarterly Report: Q2 2024DownloadThe past few months have been challenging, with Mt. Gox repayments putting pressure on the market and ETFs losing traction despite ETH ETF approvals. However, there were positive surprises, including filings for two spot SOL ETFs and a positive outlook for crypto in emerging markets like Turkey.
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Partner Report
04/07/2024
The State of the Japanese Crypto MarketDownloadDespite its early adoption advantage, Japan’s crypto market faces unique challenges. This report explores regional crypto market trends and examines the historical factors that have influenced the development of Japan’s domestic exchanges and key players over time.
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Regional Report
20/06/2024
The State of LATAM Crypto MarketsDownloadIn 2021, El Salvador became the first country to adopt bitcoin as legal tender, cementing Latin America’s crypto-friendly reputation. In this report we will explore trends in trading activity across LATAM, looking into the leading exchanges, most popular crypto assets, and major developments for this region on the rise.
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Quarterly Market Report
04/04/2024
Quarterly Report: Q1 2024DownloadThe launch of 11 bitcoin spot ETFs was a historic moment for the crypto industry and a strong signal that the bulls are back. Throughout the quarter, bitcoin hit multiple new all time highs, liquidity recovered to pre-FTX levels, and altcoins had a major comeback.
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Weekly Chartbook
22/01/2024
Chartbook: January 22, 2024Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
