[Binance Releases 2025 Year-End Letter: Platform Annual Trading Volume Reaches $34 Trillion] Binance Co-CEOs Yi He and Richard Teng released the annual open letter, revealing that Binance's total product trading volume in 2025 reached $34 trillion. User assets verified through PoR (Proof of Reserves) balance amounted to $162.8 billion, and the total number of users exceeded 300 million. The letter mentioned that institutional trading volume on the platform grew by 21% year-over-year, with increasing integration between on-chain and off-chain products. Binance Wallet accounted for over 60% of mainstream on-chain transactions. The company emphasized its continued efforts to strengthen compliance and security, assisting in the recovery of $11.7 million in stolen assets throughout the year. Looking ahead to 2026, Binance anticipates a new growth cycle driven by 'sovereign-level funds' and 'enterprise-level applications.'