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Binance Australia: 2020 in Review


2020 has been an eventful year for many, shifting world markets and daily lives worldwide. We saw the re-emergence of interest in Bitcoin (BTC) and cryptocurrency, as 2020 closes to one of the biggest years and highest market evaluations to date.

Here some of Binance Australia’s milestones and highlights from 2020.

2020 Highlights

Jul 28: Binance Australia launched in July this year, a regulated digital asset exchange registered with AUSTRAC, providing Australian users with a fast, secure, and reliable way to buy and trade digital currencies with the Australian Dollar (AUD). Users are able to deposit and withdraw AUD for free using PayID/OSKO directly from their Australian bank account.

Jul 31: Binance Australia launched 8 AUD trading pairs, enabling users to get the lowest AUD trading fees in Australia. Check out the available AUD pairs:

Sep 29: Binance Australia launched a brand new homepage to enable a better browsing experience for Australian users on the Binance platform.

Sep 31: Australian Dollar (AUD) deposits via PayID/Osko on the Binance app were added for Australian users. The addition enabled Australian users to conveniently deposit AUD directly into their Binance accounts on the move, providing them with more opportunities to instantly buy and trade over 200 cryptocurrencies on the Binance platform.

Download the Binance app for IOS or Android today!

November: Despite only launching mid this year, Binance Australia has risen to become the 2nd largest exchange in Australia by AUD trading volume surpassing all major incumbent exchanges, according to CoinMarketCap, which tracks trading volume on exchanges around the world including Australia.

December: Binance Australia launched their first-ever Christmas campaign, the 12 Day Advent Calendar giveaway from 14 December 2020 to 25 December 2020, with up to AUD$10,000 worth of prizes that were won.

Partnerships and Awards

Aug 27: Binance Australia joined Fintech Australia, the peak advocacy body for the fintech industry in Australia alongside Afterpay, Square, Stripe and Transferwise. Binance Australia assumed a seat alongside local industry experts to help advance the adoption of blockchain technology in Australia and advocate for desirable regulatory and policy settings. 

Sep 25: Blockchain Australia welcomed Binance Australia as a new member. Blockchain Australia is the leading industry body for businesses and professionals in Australia participating in the digital economy through blockchain technology. 

Nov 5: Binance Australia officially joined Australian Fintech as a member. Australian Fintech is the leading platform for all things relating to financial technology, holding the most comprehensive directory of Fintech companies that operate in Australia.

Dec 3: Binance Australia was recognised as a company to watch in Deloitte’s Technology Fast 50 Awards for 2020, placing eight in the Rising Star category. The 2020 Deloitte Technology Fast 50 Australia Awards rank Australia’s fastest growing public or private technology companies, based on their percentage revenue growth over the last three years.

Binance Australia was also ranked within the top 3 exchanges in Australia on the following leading cryptocurrency review sites:

Media and Appearances

Aug 20: Binance Australia’s CEO, Jeff Yew was featured in the Stephan Livera Podcast (SLP) with its host Stephan Livera, where he talked about Bitcoin in Australia. SLP is recognised in the industry as one of the world’s leading Bitcoin podcasts with over 2M downloads, and ranked in the top 0.5% of podcasts globally.

Listen to the Stephan Livera Podcast (SLP) with Jeff Yew (SLP202 – Bitcoin in Australia)

Image taken from Stephan Livera Podcast (SLP).

Dec 29: Binance Australia was featured in an article from The Australian Financial Review (AFR), a prominent media publication which reaches over 2.6 million Australians yearly on business, finance and investment news in Australia. Jeff Yew, Binance Australia’s CEO, commented about the rise in institutional attention on how bitcoin is being considered a part of an asset portfolio among Australian enterprises and SMSFs.

Image taken from The Australian Financial Review.

Bitcoin and Crypto Education in Australia

2020 saw a world that made an abrupt shift to working remotely and being productive from home. Bitcoin and crypto adoption remained steady despite the challenges in 2020, pushing mainstream adoption and curiosity - leading to a demand for education about digital currencies.

Binance Australia launched their first online Masterclass in October, aiming to provide free crypto education, getting to know the crypto community in Australia and answering users' questions. 

It was followed by numerous other Masterclasses and online AMAs - some featuring Australian KOLs as guest speakers who shared their knowledge about crypto such as trading, arbitrage and more.

Rewatch some of our past livestreams and Masterclasses here:

Binance Australia also supported numerous local blockchain educational meetups in Australia (shown below).

What’s to come in 2021

2020 ended on a high note, where we celebrated Bitcoin reaching an all time high of AUD$38,000 on the Binance exchange within days of breaking multiple price records. We’re excited for where Bitcoin will take us in 2021.

Check out our comprehensive guide on How to buy Bitcoin in Australia here

In 2021, Binance Australia aims to continue being a key player in the development of crypto in Australia and provide the best services for Australians. As Binance’s motto of being ‘user-focused’ goes, Binance Australia will continue to engage with the crypto community in Australia with a line-up of promotional activities, online Masterclasses and local meetups nation-wide.

Keep up to date with the latest promotions and events on Binance Australia!

Join the Australian Binance community on Telegram here.

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