Hello, this is kimm. As Binance wraps up 2020, we have unveiled the 2020 Milestones detailing the footsteps Binance has been growing during this year.
The blockchain and cryptocurrency market, which has been through a long period of recession for more than two years since the beginning of 2018, is changing the global market stance in 2020, the emergence of decentralized financial solutions, and a healthy competition between CeFi and DeFi. It shows the rejuvenation through through.
Bitcoin is newly spotlighted as a digital gold surpassing gold as a means of hedge against inflation, and cryptocurrency is raising expectations as an alternative to a new financial system that can obtain higher interest rates than the existing financial market. It became a tipping point.
And at the heart of it seems to be the world's largest exchange, Binance, which was by far the leading in innovation and growth. Indeed, Binance will give you a brief summary of how it has grown in 2020.
1. Binance Exchange
- 24-hour spot transaction volume exceeded $15 billion (ATH)-an increase of 5 billion won compared to 2019
- Average daily trading volume: $388 billion-36% increase over 2019
- Binance users: 16,700,000-15,000,000 as of 2019
- Listed tokens: 184-151 as of 2019
- Number of trading pairs: 591-396 as of 2019
- Funds recovered through customer service centers: $7,000,000 (USDT)-Total funds recovered from 2017: $15,000,000
- Binance website supported languages: 26 countries-16 as of 2019
- Binance Customer Service Center supported languages: 11 countries
2. Binance Futures, Options and Margins
- 24-hour futures trading volume: Achieved a record high of 37 billion USDT (34 billion increase compared to 2019)
- Unpaid Agreement: Achieved 2.6 billion USDT, a record high (18 times higher than the beginning of the year)
- Total transaction volume: 1.7 trillion USDT (28 times increase compared to 2019)
- Trading pairs that support margin trading: more than 400
- Derivatives contracts listed on Binance Futures: 149 (78 tether margin, 33 coin margin, 32 leverage tokens, 6 options)
3. Binance Fiat (local currency support)
- Total order volume: over $31.8 billion
- Daily trading volume: Achieved an all-time high of $100 million
- Orders processed: more than 7,970,000
- Active users: 700% increase compared to 2019
4. Binance P2P
- Total order volume: $6 billion
- Daily trading volume: Achieved an all-time high of $54 million
- Orders processed: 3,000,000
- P2P users: 1,454
- Active users: 760% increase compared to 2019
- Payment options: 150 or more
- Types of fiat currency support: 51 countries
5. Cryptocurrency-based financial services
- Crypto assets at Binance Earn: $240,000,000
- Total reward distributed from Binance Earn: $70,850,000
- Binance Earn Daily Active Users: 20,000+
- Binance Pool's Global Mining Pool Ranking: #3
- Binance Pool Mining Fee: 1.5% (Industry Minimum Fee)
- Binance OTC market volume: $700,000,000
- 46% increase in institutional customers
6. Binance Smart Chain (BSC)
- Binance Smart Chain-based projects: more than 60
- Binance Smart Chain Wallet Address: 600,000
- Binance Smart Chain Validator Staking Quantity: 3,000,000 BNB
- Binance Chain + Binance Smart Chain supported wallets: 40
- Binance Chain Wallet Address: 810,000 (2019: 332,444)
- Number of tokens listed on Binance DEX: 154 (2019: 111)
7. Binance Coin (BNB)
- A total of 13,384,040 BNB burned during 2020 (2019: 5,324,482 BNB burned)
- Burning of BNB equivalent to $218,966,000 in 2020
- BNB use cases and platforms identified in 2020: 104 (2019: 67)
8. Binance Stablecoin (BUSD)
- Market Cap: $850 million (2019: $31 million)
- Ranked 4th in the market cap in the global stablecoin market
- Total BUSD issued $4.5 billion
- BUSD listed or supported exchanges, decentralized exchanges, loan platforms, payment platforms, wallets, etc.: 110
9. Binance Launchpad and LaunchPool
- Total funds raised through 6 Binance Launchpads: $14,715,400
- Binance LunchPool's All-Time Highest Total Asset Lockup (TVL): $900,000,000
- Binance Lunchpool average TVL: $637,000,000
- Cumulative number of participants in Binance Lunch Pool: 189,913
- Liquidity pool disclosed through 8 Binance LaunchPool projects: 22
10. Binance Ecosystem
- Trust Wallet users: 5 million
- Binance Academy users: 4.7 million
- Binance Academy's new article count in 2020: 140
- Binance Research users: 1.8 million
- Funds invested by the BSC Accelerator Fund: $900,000
- Number of projects supported by subsidies from BSC Accelerator Fund: 15
- Number of projects supported by Binance X Fellowship Program: 60
- Monthly volume through Binance Broker: $2 million
- Binance Broker Program New Participants: 400
- Donations raised by Binance Charity through the campaign: $10 million
- Personal protective equipment (PPE) donated to combat corona: 1.5 million (400 hospitals in 26 countries)
- Number of respondents who benefited from Binance Charity: 1 million
11. Acquisitions and partnerships
- CoinMarketCap (acquired in April 2020): Achieved 953 million page views, more than 50 million users
- Swipe (acquired in July 2020): SXP Token's market cap reached the highest of $263 million.
- WazireX (acquired in November 2019): monthly transaction volume increased by 760%