LBank, the leading centralized crypto exchange, has revealed outstanding stats in its Q3 2025. Riding on the broader crypto market recovery, it produced a string of commercial, product and brand milestones. An analysis of its Q3 report by the Block of Fame team reveals what got it through.
Initially, the report frames the quarter against a market environment where total crypto capitalization briefly topped $4.36 trillion and new institutional financing structures (the “DAT model”) encouraged traditional capital to take on on-chain exposure conditions.
LBank says it leveraged to accelerate growth across volume, users and product breadth. The company positions Q3 as a turning point toward a “third curve” of mainstream adoption driven by sports partnerships and product innovation.
Surge in Trading Volumes and User Numbers
LBank reports explosive trading growth in Q3: average daily trading volume reached $8.5 billion. This marks a jump of 112.5% since the start of the year and a 71% rise versus Q2, which the report calls a platform record in nearly a decade.
Even on third-party trackers, there’s a gain in short-term rank gains. For example, LBank spoted in Top-5 on CoinGecko on July 14; derivatives Top-4 on August 4 with a 24-hour volume of $5.2 billion and an open interest of $20.2 billion.
By September 30, Messari also showed LBank’s spot market share at 3.2%. Concurrently, registered users surpassed 20 million globally – this is an inflection point LBank uses to argue increased mainstream traction.
What Drove the Numbers
The platform also emphasises aggressive user incentives and retention mechanisms: a global $100 million bonus campaign tied to its Argentina National Team sponsorship (including welcome bonuses and deposit-matching), a points and rewards ecosystem, and an active airdrop schedule.
Cumulatively, LBank says it delivered more than $117 million in rewards and ran 25 airdrop events in Q3, distributing about $1.52 million in direct trading and engagement rewards during the quarter. LBank credits multilingual localization and regional partnerships – especially in emerging markets such as the Middle East and Latin America—for above-average retention and community engagement.
New asset discovery and LBANK EDGE performance
A core narrative the exchange played in Q3 is LBank’s role as an “asset discovery engine.” The exchange listed 288 assets in Q3, including a high share of first listings (135 first-listings, ~46.9%).
The report highlights performance metrics for newly listed tokens: a “hundredfold coin ratio” of 1.39% (four assets achieving 100x) and a tenfold ratio of 12.85% (37 assets at 10x). Representative standout tokens posted very high returns (examples given with multi-thousand percent gains).
Product expansion: building a full-lifecycle asset platform
Q3 saw a rapid expansion of product lines intended to cover an asset lifecycle from issuance to trading. Notable launches include LBmeme Launch (an IDO platform for meme tokens with a full-refund mechanism), BoostHub (a discovery and early access product), and the integration of tokenized stock trading (via an xStocks integration and collaboration with Ondo Finance to list tokenized versions of equities).
LBank also introduced a points system rewarding deposits, trading and social referrals, and rolled out bank-card purchases in select markets—moves framed as lowering barriers to entry and broadening on- and off-ramp options. The report emphasizes cross-asset integration (crypto + tokenized traditional assets) as strategic for widening user use cases.
Security, compliance and partnerships
The company highlights strengthened security and compliance efforts: a long-standing “zero-incident” safety claim, partnerships with security firms like CertiK (including CertiK Skynet for automated assessments), and integrations with WLFI for stablecoin initiatives such as a USD1 loyalty product and related trading pairs.
LBank reports its risk controls intercepted over 2,500 potential security incidents and blocked suspicious transactions that would have represented hundreds of millions in potential losses, positioning this capability as central to user trust.
Brand building and ecosystem reach
Brand and cultural reach are presented as equally strategic. LBank’s headline move was becoming a sponsor of the Argentina National Team (Sept 26), using the sponsorship to run the $100 million bonus drive and to frame crypto to a global sports audience.
The company also cites large industry events—hosting the Global Blockchain Forum at Seoul’s National Assembly Library, a big “1001 Festival Seoul” during KBW 2025, and participation in Taiwan Blockchain Week.
It cites them as proof points for growing influence among developers, institutions and meme communities. The report lists external awards and media recognition (BeInCrypto, Bitcoin.com News) to reinforce the brand narrative.
Outlook for Q4
Looking ahead, LBank says it will double down on “new asset growth, product innovation and global ecosystems.” It will optimize its LBANK EDGE + LBmeme Launch dual engine, deepen AI-driven asset screening, and leverage the Argentina sponsorship to expand in Latin America and Southeast Asia.
The report frames Q4 as a phase to consolidate the gains of Q3 and to capture further upside in the next market cycle. The overarching message: LBank seeks to shift from a trading venue to a diversified, mainstream Web3 finance hub by combining product breadth, aggressive user incentives, curated asset discovery, and global brand plays.
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