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.
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.
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.
Weekly Chartbook
15/01/2024
Chartbook: January 15, 2024Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
Weekly Chartbook
08/01/2024
Chartbook: January 08, 2024Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
Partner Report
08/01/2024
The State of the European Crypto MarketDownloadThe European crypto market is well-positioned for growth in 2024 following a difficult year for the industry. This report explores Euro crypto market trends, the dominant exchanges in the region, and areas for growth.
Quarterly Market Report
04/01/2024
Quarterly Report: Q4 2023DownloadBreaking down the Bitcoin ETF hype, Binance’s legal resolution, a rise in derivatives activity, Solana’s resurgence, mysterious HTX activity, and more.
Weekly Chartbook
18/12/2023
Chartbook: December 18, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
Weekly Chartbook
11/12/2023
Chartbook: December 11, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.