Binance can indeed 'earn' away users' total assets in 10 years
1. First, align the numbers (March 2026)
• Total user assets (custody): approximately $1.5 trillion ≈ 10.8 trillion RMB
• Binance annual transaction fee revenue: $13.5–20 billion ≈ 97.2–144 billion RMB/year
2. Earned away in 10 years
• Total transaction fees in 10 years: $135–200 billion ≈ 972–1,440 billion RMB
• Total user assets: $1.5 trillion ≈ 10.8 trillion RMB
Conclusion:
• Based on a conservative $135 billion/10 years: 10 years ≈ 90% of total user assets
• Based on an optimistic $200 billion/10 years: 10 years ≈ 133% of total user assets
In other words: In about 10 years, the fees collected by Binance can indeed cover or even exceed the total assets of all users on the platform.
3. However, there are 3 key premises (not to be ignored)
1. This is 'gross fees', not net profit
◦ Binance has rebates, market-making subsidies, zero-fee promotions, and BNB discounts, with actual net fees being only 60–70% of gross income
◦ Even with a 30% discount: 10 years net fees ≈ $94.5–140 billion, still close to/exceeding $1.5 trillion
2. User assets are 'stock', while transaction fees are 'flow'
◦ User assets are static custody balances (BTC/ETH/USDT, etc.)
◦ Transaction fees are dynamic trading commissions (daily trading volume of $70–90 billion, continuously collected)
◦ Equivalent to: a pool of $1.5 trillion, withdrawing $100 billion each year, drained in 10 years
3. User assets will grow/loss, not fixed
◦ In a bull market, user assets may double; in a bear market, they may shrink by 30–50%
◦ However, Binance's transaction fees will also rise and fall with trading volume, and the proportional relationship remains roughly unchanged
4. Summary in one sentence
Based on the current scale, the transaction fees collected by Binance over 10 years can indeed 'earn away' the total assets of all users on the platform.
1. First, align the numbers (March 2026)
• Total user assets (custody): approximately $1.5 trillion ≈ 10.8 trillion RMB
• Binance annual transaction fee revenue: $13.5–20 billion ≈ 97.2–144 billion RMB/year
2. Earned away in 10 years
• Total transaction fees in 10 years: $135–200 billion ≈ 972–1,440 billion RMB
• Total user assets: $1.5 trillion ≈ 10.8 trillion RMB
Conclusion:
• Based on a conservative $135 billion/10 years: 10 years ≈ 90% of total user assets
• Based on an optimistic $200 billion/10 years: 10 years ≈ 133% of total user assets
In other words: In about 10 years, the fees collected by Binance can indeed cover or even exceed the total assets of all users on the platform.
3. However, there are 3 key premises (not to be ignored)
1. This is 'gross fees', not net profit
◦ Binance has rebates, market-making subsidies, zero-fee promotions, and BNB discounts, with actual net fees being only 60–70% of gross income
◦ Even with a 30% discount: 10 years net fees ≈ $94.5–140 billion, still close to/exceeding $1.5 trillion
2. User assets are 'stock', while transaction fees are 'flow'
◦ User assets are static custody balances (BTC/ETH/USDT, etc.)
◦ Transaction fees are dynamic trading commissions (daily trading volume of $70–90 billion, continuously collected)
◦ Equivalent to: a pool of $1.5 trillion, withdrawing $100 billion each year, drained in 10 years
3. User assets will grow/loss, not fixed
◦ In a bull market, user assets may double; in a bear market, they may shrink by 30–50%
◦ However, Binance's transaction fees will also rise and fall with trading volume, and the proportional relationship remains roughly unchanged
4. Summary in one sentence
Based on the current scale, the transaction fees collected by Binance over 10 years can indeed 'earn away' the total assets of all users on the platform.