Binance at nine: from crypto startup exchange to a global finance super app
Odaily has published a long retrospective on Binance’s ninth anniversary, framing the exchange’s growth as a shift from a grassroots crypto trading venue into what it describes as a global financial super platform. The piece says Binance now has more than 320 million users across 180 countries and regions, with client assets exceeding $128 billion. The report breaks Binance’s history into four stages. It starts with the company’s 2017 launch and its early global expansion after China’s 2017 crypto crackdown, then moves through the buildout of products such as perpetual futures, DEX, Launchpad, staking, and BSC. It also revisits the 7,000 BTC hack in 2019, which Binance says it fully covered for users. For the compliance era, the article points to Binance’s proof-of-reserves release in 2022 and the 2023 settlement with the U.S. Department of Justice, under which founder Changpeng Zhao, or CZ, was sentenced to four months in prison and Binance agreed to a $4.3 billion settlement. Odaily says Binance ended 2024 with 250 million registered users, more than $100 trillion in cumulative trading volume, and $16.8 billion in annual revenue, while also receiving a $2 billion strategic investment from Abu Dhabi sovereign-backed investor MGX. The most recent phase centers on Binance’s push into tokenized stocks and traditional financial assets. Odaily says Binance opened trading for more than 7,000 U.S. stocks and ETFs in June 2026, later adding on-chain tokenized equities through bStocks. The report also cites official data saying Binance’s AI security and compliance system has blocked more than $10.5 billion in fraud risks since 2025.








