In 2024, Binance, a leading blockchain platform, achieved significant advancements in the acceptance of blockchain technology and institutional adoption. They held over $160 billion worth of user assets in custody and had total trading volumes exceeding $100 trillion worldwide. Binance doubled its VIP user base and bridged the gap between traditional banking and cryptocurrency with solutions like Banking Triparty services and Binance Wealth. They also increased accessibility with new fiat-to-crypto conversion channels and saw a 226% rise in the number of active Binance Pay users. Binance Pay enabled cross-border payments and contributed to financial inclusion. Binance Earn, their savings solution, saw a 144% increase in total value locked. Binance revolutionized the trading experience with Spot Copy Trading, Portfolio Margin wallet, and BFUSD margin asset. They introduced USDC-margined contracts and expanded the number of tradable pairings to over 300. Binance focused on safety and regulatory compliance, obtaining 21 regulatory authorizations worldwide and preventing $4.2 billion in potential losses from scams and fraud. They strengthened collaborations with law enforcement agencies and recovered $88 million in lost funds. Binance prioritized education and philanthropy, providing free courses through Binance Academy and contributing $6.9 million through Binance Charity. They also engaged in partnerships with prominent figures and events to promote digital assets and broaden audience engagement. Binance launched innovative products like MegaDrop and HODLer Airdrops, improved fiat-crypto integrations, and simplified user experiences with the "Login with Binance" feature. Overall, Binance's achievements in 2024 demonstrate their commitment to innovation, security, and user empowerment in the cryptocurrency industry.



Other News from Today