Binance just dropped some impressive numbers. According to new data from Chainalysis and TRM Labs, illegal activity on the exchange has fallen to historic lows. We’re talking only 0.007% to 0.016% of Binance’s total transaction volume being linked to shady stuff.
That’s way better than the industry average. Across the seven biggest crypto exchanges, illicit transactions make up about 0.018% to 0.023% of total volume as of June 2025. Binance is doing better than half that rate, even though they process massive daily volumes comparable to the next six exchanges combined.
The improvement is pretty dramatic. Binance cut its illicit exposure by 96% to 98% between January 2023 and June 2025. They’re crediting a bunch of things for this. They’ve got over 1,280 compliance and risk specialists, which is 22% of their entire workforce. They’re spending hundreds of millions annually on monitoring tools and handling 240,000+ law enforcement requests.
Here’s the kicker, though. The report says crypto is now cleaner than traditional finance. Blockchain’s transparency makes it way easier to track bad actors compared to the old banking system, where trillions in illicit money still flows through. Binance processes over $90 billion daily but keeps safety ratios industry-leading.
Conclusion
Binance’s dramatic reduction in illicit activity demonstrates how blockchain transparency combined with robust compliance can make crypto exchanges safer than traditional financial institutions handling similar volumes.
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