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How Binance Became a Crypto Empire in Just 8 Years

0h 05m video Published Jul 21, 2025 Transcribed Aug 4, 2026 K KM YouTube
Beginner 3 min read For: Crypto enthusiasts and beginners interested in the history and features of Binance.
AI Trust Score 60/100
⚠️ Average / Some Fluff

"Delivers on the story of Binance's growth, but lacks depth on CZ's personal journey and is padded with promotional content."

AI Summary

This video chronicles the eight-year journey of Binance, from its founding by Changpeng Zhao (CZ) in 2018 to becoming the world's largest crypto exchange with 280 million users by 2025. It highlights key milestones, features, and the company's focus on accessibility, security, and user-centric innovations.

[00:03]
Binance's Rapid Rise

Founded by CZ in 2018, Binance became the world's largest exchange by trading volume within 180 days. Today, one in every 28 people is a Binance user.

[01:00]
Early Commitment

CZ sold his house and invested in Bitcoin, confident that crypto would become the future. This conviction drove Binance's early growth.

[01:14]
Key Milestones (2017-2021)

In 2017, Binance launched its mobile app. In 2018, it created a $1 billion SAFU fund for user security. Between 2019-2021, it introduced Binance Earn, Binance Pay, and P2P trading.

[01:42]
Accessibility

Binance made it easy to open an account from home, unlike traditional banks or stock exchanges, fulfilling its mission to make crypto accessible to everyone.

[02:10]
Hard Wallet Integration

In 2022-2023, Binance integrated hard wallets, allowing users to store funds securely even if the exchange fails.

[02:24]
User Growth

Binance reached 20 million users in 2024 and 280 million in 2025, with Pakistan being a significant market.

[02:38]
Impressive Statistics

Average daily trading volume exceeds $91 billion with over 217 million trades. Binance Earn has generated $50 billion in profits, and Binance Pay has processed $230 billion in transactions, saving $1.7 billion in remittance fees.

[03:05]
Education and Safety

64 million users learned crypto through Binance Academy. Binance has prevented billions in fraud since 2022 and returned $25 million to users.

[03:46]
Innovative Tools

Binance launched tools like Mega Drop and Launch Pool. It also introduced halal staking for Muslim users, aligning with ethical finance.

[04:14]
User-Centric Philosophy

Current CEO emphasizes that users are at the center of every decision, and Binance provides educational videos for beginners.

Binance's success stems from its user-centric approach, innovative features, and commitment to education and security. Its rapid growth demonstrates the transformative power of crypto accessibility.

Mentioned in this Video

Study Flashcards (7)

Who founded Binance and in what year?

easy Click to reveal answer

Changpeng Zhao (CZ) founded Binance in 2018.

00:03

How long did it take Binance to become the world's largest exchange by trading volume?

easy Click to reveal answer

Within 180 days.

00:47

What was the purpose of the SAFU fund created in 2018?

medium Click to reveal answer

To keep a reserve of $1 billion USD to ensure user funds are safe.

01:14

What features did Binance introduce between 2019 and 2021?

medium Click to reveal answer

Binance Earn, Binance Pay, and P2P trading.

01:28

What is the average daily trading volume on Binance?

medium Click to reveal answer

Over $91 billion.

02:38

How many users learned crypto through Binance Academy?

easy Click to reveal answer

64 million users.

03:05

What is the halal staking feature?

hard Click to reveal answer

A staking option that provides profit considered halal (permissible) for Muslim users.

04:02

💡 Key Takeaways

📊

Rapid Growth to #1

Demonstrates Binance's exceptional speed in dominating the market within 180 days.

00:47
💡

CZ's Bold Bet

Selling his house to invest in crypto shows the founder's conviction and risk-taking.

01:00
📊

Massive Scale

The $91 billion daily volume and 217 million trades highlight Binance's immense market impact.

02:38
⚖️

Education and Safety

Binance Academy's 64 million learners and fraud prevention efforts show a commitment beyond trading.

03:05
🔧

Halal Staking

Catering to Muslim users with halal profit options demonstrates inclusive product design.

04:02

[00:03] changed the future of crypto in just eight years. A man named CG founded Binance in 2018 and today it is 2025. It has been eight years since it was launched and today one in every 28 people is a Binance user. That means Binance application has become

[00:16] so famous in the world that a lot of things have changed regarding crypto because it has made it so easy for the user that he can easily do trading sitting at home. So today we will see the eight years journey of Binance,

[00:30] how CG started and what options Binance gives you today. and what options Binance gives you today. Binance Binance Binance World's Biggest Crypto Exchange Binance It was

[00:47] laid the foundation of Binance with the thought that we will make it the number one exchange in the world and within just 180 days it became the world's largest exchange in terms of trading volume. CG even sold his house. At the time he was

[01:00] taking his startup, he was taking his bitcoins. At that time he was confident that crypto would become the future of the world. And in today's time you know that the future is look at its history a little. In 2017, Binance launched its mobile app

[01:14] to make crypto accessible to everyone. In 2018, they created a clean fund whose purpose was to keep a reserve of $1 billion USD so that any user who comes has the security that their money is safe.

[01:28] Between 2019 and 2021, Binance Earn came, Binance Pay came and features like P2P trading and it became easy for a person to easily acquire crypto sitting at home. If we deal with crypto from stock exchange or

[01:42] bank then you must be aware that it is very difficult to open an account in stock exchange or bank. Whereas if you talk about crypto, especially Binance, then you can open your account in just a few simple steps sitting at home. The main purpose is to make crypto

[01:55] accessible to everyone so that they can easily manage it on their phones. In 2022 and 2023, they because hard wallets had become very famous and people wanted

[02:10] we could store our money because even if the exchange goes anywhere, the money in your wallet remains there. So this was a very good idea from Binance. After that, in 2024, they touched 20 million users

[02:24] and now in 2025, this figure has gone up to 280 million, in which Pakistan comes at a very good position in Binance because you people for crypto trading. Today, the average daily trading volume within Binance is

[02:38] daily trading volume within Binance is over $91 billion and there are over 217 million trades. Think about how big that number is. Binance Earn has given users profits of up to $50 billion. While Binance Pay has processed over 230 billion

[02:51] transactions and saved people $1.7 billion in remittance fees. Similarly, there are 64 million users learned crypto through Binance Academy. By the way, you also learn inside Binance Academy. But

[03:05] Alhamdulillah, we have been working so hard in the last four years that Binance has become a crypto. You can get a lot of knowledge regarding this from our videos also. but also on safety and transparency. That is why

[03:19] from 2022 till now, they have prevented frauds worth billions of dollars. You must be aware that if you do P2P, then if someone there Binance gets the payment released from there and saves your money.

[03:32] Similarly, they have returned the amount of $25 million to the people and 400 plus training sessions have also been conducted with Binance's LA Informants so that whatever work flow there is, it can be made smooth. Binance has always

[03:46] launched new tools. You see, take the Bince Mega Drop. Take Bince Launch Pool or all the Bince options that you are going to get those things here only. For example,

[04:02] what they do is that if you do staking, then they will give you profit on that which is halal. halal profit and if you invest your money in conventional funds then you also get haram profit there. So in this way Binance also started it very

[04:14] current CEO of Binance says that brother, the main thing we look at while taking any decision is that our user will be at the centre and I am talking about Muslims. Similarly, whatever features they launched

[04:29] which experts only give you benefits and even if you are a beginner, you also explained it by making different videos. Within eight years, Binance has made such a name for itself that even if someone in the world does not know about crypto, he

[04:42] if you look at the search volume, more people know about Binance than crypto put in efforts to teach you how you can easily access crypto. The only way is that you create your account on Binance

[04:56] Then you start trading whatever you have. So if you guys You can click on it and learn properly on Binance how to start trading. If you found this video infective with

[05:10] subscribe to the channel. I will meet you in the next video. Thank meet you in the next video. Thank you so much for watching. Allah Hafiz.

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