Binance Achieves Milestone in Compliance Efforts
Binance, one of the largest cryptocurrency exchanges in the world, has announced a significant milestone in its compliance efforts: it boasts the lowest level of interaction with illegal wallets compared to its major competitors in the centralized platform space. This achievement, reported to Incrypted, underscores an ongoing trend in the industry towards enhanced regulatory adherence and transparency.
Decrease in Illicit Activities
According to data compiled by Chainalysis and TRM Labs, there has been a marked decrease in illicit activities on centralized exchanges from early 2023 through mid-2025. As of June 2025, it was noted that the direct engagement with illegal wallets across the top seven centralized exchanges represented a mere 0.018% to 0.023% of total transactions, illustrating a major advancement in anti-money laundering (AML) protocols and crime prevention measures.
Binance’s Performance
Specifically, Binance’s figures show that only 0.007% of its transactions in June were associated with illegal wallets—a figure that is more than 2.5 times lower than the average of 0.018% reported for other centralized exchanges. TRM Labs corroborated these findings, indicating that Binance’s illicit transaction percentage stood at 0.016%, while the average for its contemporaries hovered around 0.023%, signaling a 30% increase compared to Binance’s data.
Significant Reduction in Engagement
Between January 2023 and June 2025, Binance successfully minimized its engagement with illegal wallets by an impressive 96% to 98%, outperforming the average reduction seen among six other leading exchanges by 4 to 5 percentage points. The company has articulated that this reduction not only enhances the protection of users and investors but also encourages wider cryptocurrency adoption by fostering a more secure, transparent, and regulated market space.
Commitment to Industry Standards
With Binance processing over $90 billion in daily transactions and managing approximately 217 million trades each day, maintaining such a low level of exposure to illicit activities is especially crucial. This commitment reflects Binance’s dedication to improving industry standards and promoting a healthier cryptocurrency ecosystem.
