Binance statistics report for 2023

A breakdown of the numbers for Binance, Binance.US and the BNB Chain.

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By

Frank Corva

Edited by

Joselle Delos Reyes

Updated

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Key takeaways

  • Binance held 55% of global spot trading in January 2023 and had 128 million registered users as of 2022.
  • Trading volume and BNB Chain activity peaked in 2021, declining in subsequent years.
  • Over 20% of BNB supply has been burned; Binance's SAFU fund held US$1 billion as of 2022.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Binance is the largest cryptocurrency exchange in the world by trading volume, and Binance.US is one of the largest in the United States.

And Binance's decentralised network – the BNB Chain – is one of the most used blockchains in the world.

In this report, you'll find visualised data on Binance's user base as well as trading volume on Binance and Binance.US. We'll also present visualised data on transactions, total value locked (TVL) and unique addresses on the BNB Chain.

Quick summary of Binance statistics

  • By the end of 2022, 92% of all spot Bitcoin trading was occurring on Binance
  • In January 2023, Binance hosted 55% of global crypto spot trading
  • As of 2022, Binance had 128 million registered users on the platform
  • Peak 24-hour trading volume on Binance hit US$147.6 billion in 2021 but declined in subsequent years
  • In 2021, the BNB Chain experienced a peak in 24-hour transactions at 16.26 million
  • In 2021, the BNB Chain also experienced a peak TVL at US$21.82 billion
  • While the amount of unique addresses on the BNB Chain continues to increase slowly and steadily, the amount of daily active users on the chain peaked in November 2021
  • On May 10, 2021, Binance Coin – the BNB token – reached its 2021 peak of US$686.31. BNB has since set a higher all-time high of US$1,369.99 on October 13, 2025 (CoinGecko)
  • Binance burned approximately 2.06 billion of Binance Coin (BNB) in Q4 2022, and over 20% of the initial supply of Binance Coin has been burned since the asset came to market

Binance users

By the end of 2022, Binance had 128 million registered users. Its biggest competitor, Coinbase, had 108 million registered users.

Registered Binance users vs registered Coinbase users as of 2022 (in millions)

Registered Binance users vs registered Coinbase users as of 2022 (in millions)
ExchangeRegistered users
Binance128
Coinbase108
Source: Finder's Binance statistics

While there isn't a lot of public data around Binance users on a country-by-country basis, we can get some idea of how popular Binance is in certain regions by looking at where the exchange sponsors the most in-person and online meet-ups.

Binance sponsored 213 meet-ups in Africa in 2022 (not including some North African countries), while it only sponsored 102 across all of the Americas.

Total amount of online and in-person Binance-sponsored community meet-ups by region in 2022

Total amount of online and in-person Binance-sponsored community meet-ups by region in 2022
RegionAmount of meet-ups
Africa213
European Union133
Asia-Pacific110
North, Central and South America102
Middle East-N. Africa73
Commonwealth of Independent States68
Central and Eastern Europe40
Source: Finder's Binance statistics

Binance trading volume

Binance saw its highest peak in 24-hour trading volume in 2021 when it hit US$147.6 billion.

This was more than four times the peak 24-hour trading volume in 2020, when it hit US$35.13 billion.

Peak 24-hour trading volume has been in decline since 2021 though as it only hit US$94.75 billion in 2022 and US$64.58 billion in 2023.

Annual peaks in 24-hour trading volume on Binance from 2017 to 2023 (in billions of US dollars)

Annual peaks in 24-hour trading volume on Binance from 2017 to 2023 (in billions of US dollars)
YearPeak
20173.31
20186.54
20193.39
202035.13
2021147.6
202294.75
202364.58
Source: Finder's Binance statistics

On 17 February 2023, 24-hour trading volume on Binance hit US$27.99 billion. It only hit a small fraction of that number – US$2.05 billion – on competitor exchange Coinbase.

Snapshot: 24-hour trading volume on Binance vs 24-hour trading volume on Coinbase on February 17, 2023 (in billions of US dollars)

Snapshot: 24-hour trading volume on Binance vs 24-hour trading volume on Coinbase on February 17, 2023 (in billions of US dollars)
Exchange24-hour trading volume
Binance27.993
Coinbase2.049
Source: Finder's Binance statistics

However, on the same date, the 24-hour trading volume on Coinbase – the largest exchange in the United States by trading volume – was over 5 times that of Binance.US, the US subsidiary of Binance.

Snapshot: 24-hour trading volume on Binance.US vs 24-hour trading volume on Coinbase on 17 February 2023 (in billions of US dollars)

Snapshot: 24-hour trading volume on Binance.US vs 24-hour trading volume on Coinbase on 17 February 2023 (in billions of US dollars)
Exchange24-hour trading volume
Binance.US0.496
Coinbase2.049
Source: Finder's Binance statistics

Approximately half of Coinbase's trading volume comes from US customers. So, even if you cut the 24-hour trading volume statistic for Coinbase in the previous chart in half, Coinbase would still do more than twice the 24-hour trading volume that Binance.US does in the US.

The BNB Chain

The BNB Chain came about as the result of a merger between the Binance Beacon Chain and the Binance Smart Chain in February 2022.

The BNB Chain's native token is BNB.

From July 2017 until April 2019, the BNB token only existed on the Binance Beacon Chain and was primarily used to pay for trades on Binance.

In April 2019, BNB also became the governance token of the Binance Smart Chain – a decentralised network on which DeFi and NFT protocols exist.

In 2021, the BNB Chain experienced its tallest peak in on-chain 24-hour transactions, maxing out at 16.26 million transactions.

This number of transactions was over 4,900% greater than the peak number of transactions in a 24-hour period on the BNB Chain in 2020.

Since 2021, the annual peaks in 24-hour transaction volume on the BNB Smart Chain have been in decline.

Annual peaks in transactions per day on the BNB Chain from 2020 to 2023 (in millions)

Annual peaks in transactions per day on the BNB Chain from 2020 to 2023 (in millions)
YearPeak
20200.328403
202116.26
20229.787
20233.46
Source: Finder's Binance statistics

2021 wasn't just a big year for transaction volume on the BNB Chain.

Many users locked a large amount of value in smart contracts on the chain.

The largest amount of TVL on the BNB Chain in a 24-hour period in 2021 was US$21.82 billion, a number that was up over 120,000% from the year prior.

However, the annual peaks in TVL on a 24-hour basis have been in decline since 2021.

Annual peaks in total value locked (TVL) on the BNB Chain from 2020 to 2023 (in billions of US dollars)

Annual peaks in total value locked (TVL) on the BNB Chain from 2020 to 2023 (in billions of US dollars)
YearTVL
20200.18
202121.82
202212.21
20235.11
Source: Finder's Binance statistics

The number of unique addresses on the BNB Smart Chain network has been steadily increasing since February 2021.

Cumulative unique addresses on the BNB Chain from February 2021 to February 2023 (in millions)

Cumulative unique addresses on the BNB Chain from February 2021 to February 2023 (in millions)
Month and YearUnique Addresses
February 27, 202161.78
May 29, 202175.69
August 28, 202191.33
November 27, 2021118.68
February 26, 2022138.4
May 28, 2022164.77
August 27, 2022185.56
November 26, 2022222.78
February 16, 2023256.12
Source: Finder's Binance statistics

However, the number of daily active addresses has not continued to increase in a slow and steady fashion.

Instead, there was a steep incline from 28 February 2021 to 28 November 2021 followed by a decrease until 31 August 2022.

Since 31 August 2022, the number of daily active addresses on the BNB Smart Chain has yet to reach new all-time highs.

Daily active addresses on the BNB Chain from February 2021 to February 2023 (in millions)

Daily active addresses on the BNB Chain from February 2021 to February 2023 (in millions)
DateDaily Active Addresses
February 28, 20210.1439
May 30, 20210.6689
August 29, 20210.9316
November 28, 20211.595
February 23, 20221.247
May 25, 20221.053
August 31, 20220.9091
November 30, 20221.323
February 16, 20230.9601
Source: Finder's Binance statistics

Binance Coin (BNB) burning

Every quarter since BNB's inception, Binance burns a certain amount of the supply.

The following is a visual representation of the amount of BNB that Binance has burned every quarter since Q3 2017.

When you scroll over each bar, you are presented with a more exact number for how many coins were burned that quarter.

Over 20% of the initial 200,000,000 BNB coins have been burned thus far.

Quarterly amounts of Binance Coin (BNB) tokens burned from Q3 2017 to Q4 2022 (in millions)

Quarterly amounts of Binance Coin (BNB) tokens burned from Q3 2017 to Q4 2022 (in millions)
QuarterAmount of BNB Burned
Q3 20170.986
Q4 20171.821
Q1 20182.22
Q2 20182.528
Q3 20181.643
Q4 20181.623
Q1 20190.8298
Q2 20190.8088
Q3 20192.061
Q4 20192.216
Q1 20203.373
Q2 20203.477
Q3 20202.253
Q4 20203.619
Q1 20211.099
Q2 20211.296
Q3 20211.335
Q4 20211.683
Q1 20221.839
Q2 20221.975
Q3 20222.065
Q4 20222.064
Source: Finder's Binance statistics

Some final Binance statistics

  • In 2022, Binance NFT, a division of the exchange, had 600,000+ weekly users
  • In 2022, the average daily trading volume on Binance was US$65 billion
  • By the end of 2022, Binance had donated US$23 million in 54 countries through Binance Charity, a philanthropic division of the company
  • In 2022, Binance Labs, a division of Binance that invests in entrepreneurs and startups in the crypto space, closed a $500 million investment fund to boost blockchain and Web3 technologies
  • As of 2022, Binance had US$1 billion in assets in its Secure Asset Fund for Users (SAFU), an insurance policy fund for customer assets
  • Binance co-founder and former CEO Changpeng Zhao's (CZ) net worth fell from US$65 billion in March 2022 to US$4.5 billion in December 2022
  • As of 17 February 2023, Binance Smart Chain supports 542 protocols
  • As of 17 February 2023, Binance Smart Chain's TVL dominance was 10.16%

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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To make sure you get accurate and helpful information, this guide has been edited by Joselle Delos Reyes as part of our fact-checking process.
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Frank is a cryptocurrency expert whose work aims to simplify the complexities of this evolving space for a broad audience. His byline has appeared in Forbes and Bitcoin Magazine. Frank holds multiple advanced degrees, including an MBA in Finance from Pace University and a Master of Social Work from Hunter College. Frank was a Cryptocurrency Writer at Finder from 2022 to 2024. See full bio

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