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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Weekly Chartbook
23/10/2023
Chartbook: October 23, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
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Weekly Chartbook
16/10/2023
Chartbook: October 16, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
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Weekly Chartbook
09/10/2023
Chartbook: October 09, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
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Quarterly Market Report
05/10/2023
Quarterly Report: Q3 2023DownloadDeep analysis on crypto’s summer doldrums, growing concentration of crypto liquidity, the Grayscale and Ripple legal victories, FTX liquidations, and more.
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Weekly Chartbook
02/10/2023
Chartbook: October 02, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
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Weekly Chartbook
25/09/2023
Chartbook: September 25, 2023Download40+ updating charts and analytics exploring BTC and ETH liquidity trends on the biggest centralized exchanges.
