Binance marks 5 years of a user-first ecosystem! Sponsored
and more with much ease. Even so, Binance has worked extensively since 2017 on expanding its product offerings. Some of the major highlights and achievements within the Binance ecosystem include:Binance Pay has seen more than $12 billion in total volume spanning 17 million transactions and 7000+ merchants. It has also recently partnered with Travala, Al-Futtaim, Primavera, and Splyt.
The crypto industry is still in its nascent stage and one of the biggest challenges is addressing the variance in regulatory standards around the world. Binance has worked on evolving and adapting to these standards and comparing and contrasting them to determine what works best. This constructive approach has helped the platform engage with regulators where licenses are available and ignite a conversation where the path to licensing is still not laid.
Web 3 is still new to people around the world and Binance is aiming to be the gateway for users into this universe. This is being done by building connectivity, a connection with users that is simple and customized to their language and culture while also being compliant with their local laws.Binance sees the current market environment as an opportunity to build a base for the next industry growth phase where Web 3 has massive potential to transform lives.
The platform continues to rely on the feedback and comments of its users while also cooperating with regulatory bodies that protect the industry and investors while enabling responsible innovation.
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