Binance reports 77% of users in emerging markets treat exchanges like banking apps
Crypto Briefing
A Binance report reveals that 77% of its users are in emerging markets, frequently using the exchange as a substitute for traditional banking services.Summary
A recent report by Binance highlights a significant demographic shift, with 77% of its user base now located in emerging markets compared to 49% in 2020. Many of these users rely on the platform for stablecoin savings to protect against local currency volatility and to access financial services where traditional banking has failed to reach. While the exchange offers a convenient, digital-first alternative to traditional finance, Binance continues to navigate significant regulatory scrutiny and challenges regarding market integrity and illicit activity as it expands in these regions.
(Source：Crypto Briefing)