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The past, present and future of Web3: Binance's pivotal role in the evolution
Published in The Saudi Gazette on 21 - 08 - 2025

breakthroughs, changing consumer needs, and the delicate balance of innovation and regulation. Binance has been in the middle of it all, adapting, seizing opportunities and helping to define what comes next.
Eight years since its humble beginnings, the global exchange has surpassed the mark of 280 million registered users, forging ahead toward its ambitious goal of onboarding the first billion into Web3. Reflecting on the past, examining the present, and looking toward the future, one thing is clear – the pace of change isn't slowing any time soon.
Past: Origins and evolution
As the market continues to mature, it can be hard to grasp just how far the industry has come in such a short time. The DeFi community has not only embraced this wave of innovative technology but actively participates in shaping it through governance voting, staking, and developing new projects with expanded capabilities.
Binance shares this same spirit. From day one, the global exchange has focused on building a secure, scalable, and efficient platform for its community. It is a platform that meets the needs of users while providing developers the tools to innovate on Binance itself.
In under a decade, Binance has facilitated more than $125 trillion in cumulative trading volume on the platform. These milestones reinforce Binance's original mission: to operate and innovate with the community at its heart.
Present: Maturity, innovation and regulation
What was once a niche community of early adopters is now a global technology sector that's impacting finance, supply chains, gaming, and even government services. The global perception of the industry has shifted drastically from a speculative experiment to a mainstream financial tool with global reach. As of 2025, crypto adoption has reached 12.4 percent of internet connected adults worldwide.
Regulation has also brought stability and legitimacy to the industry, and has strengthened security and compliance. When it comes to Binance, security and compliance have been foundational to its growth. Since December 2022, Binance's risk controls have prevented $10 billion in fraud losses, while over $215 million in stolen funds have been recovered or frozen.
Having responded to 241,000 law enforcement requests and conducted more than 400 training sessions to help global agencies fight crime using blockchain transparency, the company continues to put regulation, transparency, and security at the forefront. Today, compliance-related roles account for nearly 22% of Binance's workforce. In addition to this, compliance spending is projected to increase 33% year-over-year in 2025.
Future: Growth driven by innovation and regulation
Over the next eight years, Binance is poised for continued growth across several key areas. Globally, the company is focused on expanding their regulatory footprint, securing more licenses, with the aim of becoming the most regulated exchange. Binance Academy will continue to play a central role in educating new and existing users, helping to drive mass crypto adoption in regions like MENA where blockchain literacy is growing.
Web 3 has the potential to fundamentally reshape global finance and digital interaction – not as nice tech but as a universal infrastructure for inclusion. By providing borderless access to tools, assets and opportunities, it can empower emerging markets, extend services to the unbanked and create fairer paths to the digital economy.


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