LBank 2024 Annual Report: A Leap into Unprecedented Growth

In 2024, amidst market volatility and steady progress in regulatory compliance, the crypto market is restructuring its economic framework to adapt to a new paradigm. LBank broke through new milestones during the mega-cycle, establishing itself as a “marathon runner” in business growth, product innovation, brand expansion, and regulatory compliance. Particularly in business and branding, LBank unveiled its new slogan, “Discover the Era of Meme Legends,” harnessing a multi-dimensional “dopamine effect.”

A Year of Record-Breaking Growth

2024 marked LBank’s rise and a pivotal turning point.

On August 17, LBank celebrated its 9th anniversary and launched its “Asset Listing Expansion” program. As of now, LBank reports over 15 million registered users, with daily spot trading volumes exceeding $2.7 billion and derivatives trading volumes surpassing $67 billion. According to CoinGecko, LBank ranks 11th globally with 12.4 million monthly visits. Additionally, 0xscope’s latest report shows LBank’s spot market share increasing to 3.04%, ranking 12th worldwide.

Under the dual drivers of the “Asset Listing Expansion” program and the X Plan (listing whitelist), LBank added 853 new assets in 2024 across sectors like Meme, Infrastructure, RWA, and DePIN. Meme assets accounted for 371 of these additions, representing 43% of new listings. With keen market insights and an efficient listing process, LBank has established a first-mover advantage. To date, LBank has listed over 240 mainstream Meme assets, with over 40 achieving a growth rate of more than 500%, including standout projects like Fight, MOODENG, GOAT, ACT, and Fartcoin. This makes LBank a preferred platform for investors seeking Beta returns.

Diverse Product Growth

In 2024, LBank introduced Launchpool, offering users opportunities to discover promising projects and earn free tokens. Among them, the two Launchpool events distributed a total of nearly $560,000 worth of airdrop rewards, attracting more than 100,000 users to participate. At the same time, the project tokens also performed extremely well, with the highest increases reaching 2,900% and 909% respectively.

LBank has launched pre-market trading for assets like GRASS, SCR, HYPE, USUAL, and DOGS, attracting nearly 30,000 early traders and generating a cumulative trading volume of $10 million. To protect users’ interests, LBank introduced price protection initiatives, ensuring comprehensive safeguards for pre-market spot trading.

Additionally, LBank’s airdrop campaigns stood out with 173 airdrop events featuring projects like RIZ, RRT, DUSK, POC, BRD, and SHE. Over 200,000 users participated, earning a total token value exceeding $30 million, solidifying LBank’s reputation as the “golden shovel” for investors.

The Liquidity Growth Flywheel

LBank continually aligns with market demands, leveraging strategic insights and proactive approaches. to provide users with a diversified array of crypto assets.

LBank Labs, focusing on discovering premium assets, now manages assets worth $100 million and has invested in more than 20 high-quality projects., including Rome, KINTSU, XION, Usual Labs, Union, and BedRock. Labs not only provides robust resources but also builds deep collaborative networks, ensuring steady growth and innovation through new narrative cycles and market trends.

What’s more, LBank Labs co-hosted online Demo Day with top industry capitals such as IOSG Ventures and ArkStream Capital, identifying new growth opportunities in the crypto market. Labs has also forged close partnerships with mainstream ecological chains like TON, Solana, Avalanche, and Polkadot, driving on-chain activity and fostering vibrant developer communities to shape the future of the crypto landscape.

Besides, LBank Labs has a deep insight into market trends and has published a number of high-quality research reports on hot issues and public chain ecosystems. Notably, the research report on the Meme sector “Top 10 Trending Meme Tokens in 2024” “LBank Labs Latest Report: Memecoins Explode in 2024, Exchanges Race for $100B Market” has attracted much attention from the market, comprehensively and deeply analyzed the current Meme ecological value and future development prospects.

Expanding the Brand Horizon

In 2024, LBank showcased its unique “Moment of the industry” throughout the crypto market cycle.

Adhering to the philosophy of continuously creating value for the crypto ecosystem, LBank collaborated with SLERF in a donation campaign. As the first donor and custodian of the donation address, LBank raised nearly 41,000 SOL to compensate users participating in SLERF’s private fundraising. Additionally, LBank partnered with GMGN.AI to explore the memecoin supercycle and formed a strategic partnership with the multi-chain trading platform UXUY, jointly striving to provide users with a more seamless and enriched crypto asset experience.

In August, LBank launched its 9th-anniversary celebration, gaining over 500,000 new users and achieving a net capital inflow of $50 million. In December, LBank introduced its original in-depth interview series, LBank Pulse Focus, featuring prominent figures such as Spencer Yang, Co-founder of Fractal Bitcoin; Sunny Lu, CEO of VeChain; and Murad, the Memecoins Godfather. The series offered deep insights and forward-looking perspectives on the crypto ecosystem.

Murad, a spiritual leader of the memecoin movement, remarked on LBank: “LBank not only demonstrates exceptional market acuity but also maintains its core competitiveness in the fierce market race through swift responses to the memecoin trend and precise listing strategies. This has injected significant momentum into the ongoing prosperity of the memecoin market.”

In 2024, LBank redefined its branding strategy with unconventional approaches, from Dubai TOKEN2049 to Singapore TOKEN2049 Meme fest and Bangkok Sunset Soiree.

At TOKEN2049 in Dubai, LBank Labs co-hosted the “Web3 Summit Dubai” event with Web3 Summit and BlockNews, drawing nearly 5,000 participants. In Singapore, LBank collaborated with Shiba Inu, Babydoge, and SaitaChain for the “Meet Your Meme” afterparty, offering an immersive creative and cultural experience. At Devcon2024, LBank partnered with 13Desk to host the “Sunset Soiree,” further establishing its presence in the Southeast Asian crypto market.

LBank also participated in various regional conferences and events, including Dubai, Singapore, Africa, and Southeast Asia, through activities such as the Consensus Blockchain Party, BullRise Roadshow, and Dubai Web3 Summit Party, focused on trending sectors like DePIN, TON, RWA, Meme, and AI Agents. These activities strengthened its global footprint and deepened market engagement.

Advancements in Security and Compliance

In 2024, LBank achieved significant milestones in its global strategy, obtaining the Alabama MTL license and multiple state-level approvals in Q3. These compliance measures further solidified LBank’s market position, enabling it to serve both retail and institutional investors.

To date, LBank holds financial licenses across jurisdictions, including the US MSB, Canada MSB, Italy VASP, and Australia DCEP. With ongoing compliance efforts, LBank continues to expand its influence in various markets, aiming for a stronger foothold in the crypto financial landscape.

LBank’s latest security report highlights outstanding achievements in asset protection. The platform implements stringent access controls and encryption standards, conducts routine penetration tests, and has successfully intercepted potential losses worth $1.2 billion, including $540 million in suspicious withdrawals.

Looking Ahead to 2025

Over nine years, LBank has transitioned from pursuing traffic growth to focusing on retained users, and from static approaches to embracing liquidity. Throughout this journey, LBank has remained steadfast in prioritizing user needs, driven by storytelling and technological innovation, to continuously offer diversified investment options for crypto users.

Looking ahead to 2025, LBank will concentrate on global emerging trends, including Web3, new assets, emerging markets, compliance processes, and decentralized trading, driving growth across multiple dimensions.

LBank Exchange is committed to enhancing transparency, fairness, and trading experiences while lowering entry barriers — key themes for 2025. By improving information disclosure and providing real-time transaction data, LBank aims to foster trust and strengthen two-way transparency between the platform and its users. A fair trading environment will be enabled through decentralized mechanisms and equitable trading structures, ensuring equal participation opportunities for all users. At the same time, LBank will optimize its user interface and streamline trading processes to elevate the overall user experience.

Attention is value, and innovation in the crypto space never ceases. Emerging sectors such as AI Agents, Memecoins, and Real-World Assets (RWA) are gradually demonstrating their potential. Leveraging five key initiatives introduced in Q3 2024, LBank will implement a Realized Date value to enhance platform transparency, continuously improving asset security and data transparency. By creating a secure and reliable asset trading environment and allocating a $10 million fund to support alpha altcoins and industry innovation, LBank will continue to explore new asset classes. Through the attention economy, LBank aims to unlock trillion-dollar opportunities in the crypto market, integrating into crypto culture and transforming it into organic traffic. This will sustain efficiency and exponential growth, invigorating market dynamics and liquidity, ushering in a true “Golden Era” for crypto.

2025 marks a critical juncture as the global crypto industry matures. With the macro environment increasingly favoring the crypto market, the industry will evolve from chaos to order. LBank will uphold its compliance-first principle, actively cooperating with regulatory requirements across regions, and optimizing internal controls and risk management systems to create a safer, more transparent, and trustworthy trading environment for global users.

Looking to the future, LBank will maintain a humble and open-minded approach, navigating through noise and uncertainty to uncover the true value of the crypto industry. In this crypto revolution, LBank remains committed to user-centricity and innovation-driven strategies, injecting vitality into the global crypto market.

Join us in shaping the future of crypto and embracing the next bull market!