Binance releases its 2025 year-end report: annual trading volume reaches $34 trillion.

PANews reported on December 31st that Binance co-CEOs Yi He and Richard Teng released their annual open letter, revealing that Binance's total product trading volume reached $34 trillion in 2025, user assets verified via PoR reached $162.8 billion, and the total number of users exceeded 300 million. The letter mentioned that the platform's institutional trading volume increased by 21% year-on-year, and on-chain and off-chain products are becoming increasingly integrated, with Binance Wallet handling over 60% of mainstream on-chain transactions. The official statement emphasized continued strengthening of compliance and security, assisting in the recovery of $11.7 million in stolen assets throughout the year, and looking ahead to 2026, a new growth cycle driven by "sovereign-grade funds" and "enterprise-grade applications" is expected.