LBank 2025 Annual Report: Fission Leap, Entering a New Stage of Structural Growth

In 2025, the Web3 ecosystem ushered in a period of structural prosperity—institutional capital flooded in, with RWA, AI Agents, stablecoins, and the Meme supercycle intertwining to form a high-speed narrative, repeatedly pushing the total market capitalization to new highs above $4 trillion. Amidst the increasingly clear wave of regulatory frameworks, the entire industry shifted from rapid growth towards structure, institutionalization, and long-termism—compliance, transparency, and infrastructure became the ironclad consensus for the new era.

In the cycle where the Web3 market transitioned from "rapid expansion" to "system building," LBank achieved a leapfrog transformation over a decade, leveraging ten years of pragmatic accumulation to stand firmly in the global spotlight. In 2025, LBank's global registered user base surpassed 20 million, with average daily trading volume reaching $10.5 billion. Its spot and derivatives trading volumes ranked among the global top five multiple times throughout the year. With 1,191 new tokens listed, LBank became one of the exchanges with the most comprehensive contract offerings globally. LBank also became a regional sponsor for the Argentina national football team, stepping onto a broader stage.

If 2024 saw LBank achieve leapfrog growth with a "pole vault" posture, then 2025 witnessed LBank transforming speed into order and explosive power into sustainable capability at a higher dimension. Trading scale, user structure, asset discovery efficiency, and product systems all synergistically improved this year, showcasing the platform's solid and outstanding competitiveness within the global crypto ecosystem.

A Record-Breaking Growth Curve

On September 26, 2025, LBank announced its role as a regional sponsor for the Argentina national football team, deeply integrating football passion with Web3 innovation. This marked a milestone moment for the platform's entry onto the global mainstream stage, driving explosive growth in trading volume and user scale.

The platform's user base exceeded 20 million, a year-on-year increase of 33%, with particularly rapid growth in emerging markets like Latin America, the Middle East, and Southeast Asia, highlighting the strategic effectiveness of LBank's global layout.

The average daily trading volume for the year reached $10.5 billion, a 209% year-on-year increase. The spot trading peak exceeded $4.23 billion, with a single-day market share reaching up to 4.6% (data source: Messari). According to data from Messari and CoinGecko, LBank's spot and derivatives trading volumes repeatedly ranked among the global top five, fully demonstrating the platform's deep accumulation in frontier asset deployment and liquidity provision.

Its market share in Meme coin spot trading volume surged from 11.2% at the beginning of the year to 28.9% by year-end, making it the only top-tier exchange to double its share (CoinGecko 2025 Memecoin Report). Furthermore, its Meme spot trading volume consistently ranked among the top three centralized exchanges throughout the year. This achievement reflects the platform's forward-looking positioning in the altcoin supercycle and its systematic operational capabilities, also marking its unique competitive advantage in providing liquidity for high-volatility, high-potential assets.

On August 4, LBank's derivatives trading volume jumped to fourth globally (CoinGecko data). Relying on a high-frequency listing strategy and rapid coverage of frontier assets, LBank established a significant leading advantage in the new token and innovative asset contract markets, becoming one of the world's most comprehensive and asset-rich contract exchanges. It provides a core trading venue for high-risk-preference traders to gain early exposure to emerging assets. In niche markets, LBank's performance in contract trading market share was particularly outstanding: ZENT 88.45%, EDEL 100%, XAUT 20.7%, SAROS 21.4%, DGB 43%, XCH 97%, fully reflecting the platform's deep advantage in emerging and non-mainstream asset contracts. As of December 10, LBank's open interest in multiple popular contract targets consistently ranked among the top CEXs (CoinGlass data), including BSV 78.67%, TON 43.29%, ATOM 45.7%, BCH 34.76%, SHIB 13.38%, DOGE 10.61%, further validating the platform's structural advantages in liquidity, market depth, and risk-bearing capacity. With this systematic capability, LBank has formed a clear differentiated positioning in the altcoin and frontier asset contract track, opening a crucial window for users to position early in new trends and capture high-volatility opportunities.

Asset Discovery and Yield Release: Becoming the 100 Gems Hub

In 2025, LBank established "three core advantages" in the global crypto market: the highest proportion of 100x tokens globally, the highest gains for first-listed assets globally, and the top CEX market share for Meme coins. It became a core platform for discovering high-potential assets and incubating value, earning the title "100 Gems Hub" from CoinGecko.

The platform maintained an efficient listing pace and strict screening standards throughout the year, listing a total of 1,191 tokens covering multiple sectors including payments, AI, MEME, DeFi, GameFi, infrastructure, and social. First listings accounted for 40.47% (482 tokens). In terms of new token performance, the average gain for the TOP10 projects reached 762x, with 16 projects achieving 100x gains (e.g., WWB 336x, LAUNCHCOIN 152x, BLUM 123x, HYBER 119x), 39 projects gaining over 50x, and 183 projects gaining over 10x. This fully demonstrates LBank's precise grasp of market trends and forward-looking positioning in early-stage quality assets.

Regarding user incentives, the platform hosted 299 airdrop events throughout the year with a total value of $50 million, a 114% year-on-year increase compared to 2024. Wealth management products distributed cumulative earnings of $1.35 million, covering various types such as fixed-term wealth management, dual-currency investment, contract earning, and spot earning, with the highest annualized yield reaching 500%, providing users with robust asset appreciation solutions.

Innovative Products Build Systematic Alpha Capture Capability

In 2025, LBank constructed a complete value discovery system spanning from asset launch, asset capture, to asset circulation. Through the trinity matrix of the LBANK EDGE 100x Token Zone, the LBmeme Launch IDO platform, and the BoostHub early-stage project portal, and integrating cross-border assets like tokenized stocks, LBank built a multi-layered, systematic Alpha capture system for users.

On June 12, LBank officially launched the high-potential asset zone LBANK EDGE, establishing a $5 million special fund to create a value gateway for emerging trends. As LBank's global 100x token discovery engine, LBANK EDGE is designed with maximizing user returns at its core. It not only provides 100% trade loss protection but also enables rapid access to contract trading for quality assets within 1 hour. Through the dual-drive mechanism of "spot + contracts," it effectively amplifies profit potential during trending markets. Data shows that the average gain in the LBANK EDGE zone reached 800%, with representative projects including USELESS (75x), DUPE (133x), RFC (108x), and LAUNCHCOIN (152x).

On August 28, LBank's first novel IDO platform, LBmeme Launch, officially went live. This platform pioneered an innovative "everyone can launch a token" model, providing one-stop services covering Meme token issuance, acceleration, and trading. Through low-barrier participation mechanisms and full-refund designs, it effectively safeguards user funds and reduces participation risk. Since launch, tokens issued via LBmeme Launch have achieved an average gain of 3,809%, with representative projects like LDOG gaining 12,130%, LRATS gaining 5,940%, and NPCZ gaining 8,494%, successfully transforming Meme culture into participable and tradable market value.

On September 11, LBank officially launched BoostHub, continuously improving the discovery and distribution system for early-stage high-potential projects. To date, BoostHub has listed projects like KO, BVT, BERABTC, STABLE, KYO, and CYS, covering core sectors such as public chains, gaming, and DeFi, forming a diversified early-stage asset portfolio. BoostHub has distributed approximately $636,884 worth of token rewards to users, who can participate fairly and obtain early allocations through a zero-barrier mechanism. Some airdropped assets performed exceptionally well post-listing, with STABLE gaining 690% and CYS gaining 617%, fully validating LBank's systematic advantages in early-stage project screening, value release, and user-inclusive participation mechanisms.

The pre-market trading section also delivered impressive performance. Among the 28 quality assets listed, PI gained 59,900%, RED gained 20,677%, HYPE gained 11,880%, and WLFI gained 9,900%. Through a price-protected exclusive loss compensation mechanism, the platform effectively minimized user participation risk, gradually establishing itself as an important channel for early-stage value discovery.

Furthermore, LBank entered into deep partnerships with xStocks and Ondo Finance, initiating tokenized stock asset trading and listing assets including MSTRX, Circle, CRCLON, and TSLAON. These assets combine crypto-native liquidity with traditional financial diversity, opening cross-border asset allocation opportunities for Web3 users and truly breaking down the boundaries between crypto and traditional finance.

Multi-dimensional incentive mechanisms provide safeguards for users participating in systematic Alpha opportunities. On November 29, LBank removed trading fees for all spot trading pairs (lasting until December 14), allowing users to trade freely in a truly "zero-cost" environment. Contract account deposits could also receive enhanced bonus rewards equivalent to 100% of the deposit value. On December 2, LBank launched a VIP system covering six major benefits including exclusive events, wealth management services, and fee discounts, creating a high-quality trading ecosystem and providing unparalleled competitiveness for high-frequency traders and professional investors.

From LBank Infrastructure Enhancement to Industry Ecosystem Co-creation

In 2025, LBank achieved a magnificent transformation in ecosystem building, shifting from self-breakthrough to multi-party collaboration. In February, LBank spearheaded a $15 million DEXX donation plan jointly initiated with 7 industry pioneers, taking the lead in assuming responsibility during an industry security crisis, demonstrating the platform's firm commitment to user asset protection. On its 10th anniversary, LBank launched a $1 billion talent incubation plan, providing continuous support to global Web3 entrepreneurs and developers, building sustainable talent and innovation soil for the industry.

At the infrastructure and trading experience level, LBank continuously strengthened platform capabilities through the integration of multiple key technologies. On June 18, it integrated the TradingView professional charting system, providing more comprehensive market analysis and technical tool support for contract traders. On August 7, LBank formed a strategic partnership with World Liberty Financial (WLFI), becoming one of the first exchanges to join the USD1 loyalty program, further promoting the adoption of stablecoins in real-world application scenarios. On November 18, it entered a strategic partnership with CoinGlass, introducing derivatives data services covering price trends, trading volume, open interest structure, and funding rates, helping users make more rational and systematic trading decisions in highly volatile markets.

Regarding strategy and ecosystem boundary expansion, on July 22, LBank also launched a points system, transforming user trading behavior and ecosystem contributions into quantifiable, accumulable equity feedback, integrating trading users into the platform's ecosystem value distribution system. On September 2, the platform launched a feature for buying cryptocurrencies with bank cards, supporting users in completing asset conversions using debit and credit cards, continuously lowering the entry barrier for new users into the crypto market. On November 10, LBank launched a one-stop crypto on/off-ramp solution in markets like Vietnam, seamlessly linking P2P and LBank Pay, truly integrating crypto assets into users' daily life scenarios.

LBank's ecosystem construction reveals a clear and coherent strategic path: from industry responsibility to talent empowerment, from infrastructure upgrades to payment scenario implementation, each step interconnects. It builds a trust foundation with industry commitment, elevates the ultimate experience with technological integration, expands ecosystem boundaries with broad collaboration, and realizes value implementation with localized innovation. These dimensions collectively forge LBank's long-term competitive advantage in the global crypto ecosystem.

Brand Narrative Moving into the Mainstream Spotlight

In 2025, LBank's brand influence significantly increased.

In September, LBank officially became a regional sponsor for the Argentina national football team, achieving a deep integration between a top-tier sports IP and Web3. This collaboration not only conveyed the innovative value of Web3 to a broader mainstream audience but also marked the first time LBank's brand narrative broke through the boundaries of the crypto industry, stepping into a wider global mainstream view.

Concurrently, LBank launched a global bonus benefit campaign worth $100 million, allowing global users to share in the value and excitement brought by the deep fusion of crypto innovation and sports spirit while participating in top-tier sporting events.

On December 19, the second season of LBank's exclusive in-depth interview series, Pulse Focus, officially launched. It invited opinion leaders such as ViKtor, Global Community Lead at the TON Foundation, renowned Indian KOL Keyur Rohit, and Meme godfather Murad to engage in systematic dialogues around macro trends, market structure, and asset cycles. This provided global users with more forward-looking market insights and asset perspectives, helping them understand and grasp potential investment opportunities in the next phase, further strengthening LBank's brand recognition in leadership and value discovery.

Moreover, regarding offline events, LBank and LBank Labs participated in and hosted multiple major global industry events throughout the year:

• LBank Labs hosted "AI in the Skyline" in Hong Kong, focusing on the fusion innovation of artificial intelligence and blockchain.
• During TOKEN2049, LBank hosted the "1001 Crypto Night" electronic music event, inviting global top 100 DJ Nicky Romero to perform, which was actively reported by The Wall Street Journal.
• LBank Labs sponsored Bitcoin 2025, engaging in deep interactions with the global Bitcoin community.
• LBank Labs hosted the "1001 Festival Seoul," inviting a famous Asian duo rapper group to perform, blending K-pop culture with the crypto spirit.

By consistently voicing its presence across diverse scenarios such as Web3 innovation, compliance dialogue, and cultural exchange, LBank continuously deepens the integration of its brand with crypto culture, music, art, and sports, expands its connection methods with the global community, and gradually builds a more emotionally resonant and culturally vibrant international brand image.

On December 24, LBank Labs, in collaboration with CoinGecko and CoinGape, released the "2026 Crypto Market Outlook," systematically deconstructing the key structural opportunities for the crypto industry in 2026. Starting from macro cycles and regulatory divergence, the report delves into the evolution paths and implementation timelines of core sectors such as RWA × DeFi, stablecoins and PayFi, prediction markets, AI Agent agent economy, and DePAI machine economy, outlining the underlying drivers for the next wave of growth.

In 2025, LBank received multiple international authoritative recognitions: The Only CEX to Achieve Doubled Growth in 2025 (CoinGecko), Best CEX 2025 (BeInCrypto), Best Crypto Exchange 2025 (UToday), Top 3 Global Bitcoin Exchange (Bitcoin.com News), Top 3 Global Crypto Exchange (CoinGape), Highest Proportion of 100x Tokens Globally (CoinGecko). Simultaneously, Forbes described LBank as "reshaping global financial channels with Meme as the bridge." These recognitions from multiple dimensions attest to LBank's comprehensive strength in product innovation, user experience, and global market influence.

The Moat of Ten Years with Zero Incidents

All large-scale growth must ultimately be built upon a stable foundation of security and trust. Behind the record of ten years with zero security incidents lies the result of LBank's long-term investment in security system construction and its efficient capability to combat complex risk environments.

Through deep cooperation with top security institutions like CertiK, Elliptic, and SlowMist, and the institutionalized safety net of a $100 million contract risk protection fund, LBank transforms its security commitment into a verifiable, executable long-term mechanism.

On the compliance front, LBank continuously builds a "technology × regulation" preemptive synergy mechanism. At TOKEN2049 Dubai, LBank hosted the "Code Meets Laws" compliance summit, gathering regulatory experts, legal institutions, and Web3 builders for in-depth discussions on the collaborative evolution of technological innovation and regulatory frameworks, promoting compliance from "passive adaptation" to "co-constructive evolution." During KBW2025, LBank Labs co-hosted the Global Blockchain Forum with South Korean National Assembly members in Seoul, focusing on