New data from independent blockchain analytics firms Chainalysis and TRM Labs show a substantial reduction in illicit crypto activity on centralized exchanges, signaling a new era of maturity and stronger compliance. Binance has been instrumental in this progress, achieving the largest reduction in illicit transaction shares while handling the industry's deepest liquidity pool.

• In June 2025, only 0.007% of Binance’s transaction volume was linked to illicit activity, according to Chainalysis, 2.5 times lower than the average of the next six exchanges.
• The industry average for illicit transaction volumes on the seven largest centralized exchanges was between 0.018% and 0.023% of total activity.
• Binance reduced its direct exposure to illicit flows by between 96% (Chainalysis) and 98% (TRM Labs) from January 2023 to June 2025, demonstrating a significant improvement over peers.