Binance Blog

Main TakeawaysBinance Academy’s new, free course, Understanding Bonds: From Lending to Fixed Income, explains how bonds work.The course also covers how coupons, maturity, and yield work, why bond prices move inversely to interest rates, what credit ratings signal, and how bonds may fit into a balanced portfolio.You don’t need any investing or finance background, and the course takes about 25-30 minutes across six modules in three sections.The bond market is worth more than $100 trillion and sits at the center of global finance. Its core ideas of lending, interest and risk appear in every market, including crypto. But for many newcomers, the jargon alone (such as face value, coupon, yield, maturity) is enough to put them off. Binance Academy’s new free course, Understanding Bonds: From Lending to Fixed Income, cuts through that jargon and explains how bonds actually work.Do You Need Prior Experience?This course is designed with beginners in mind. Concepts are explained in plain language and build on each other step by step, focusing on ideas rather than the rules of any one country or platform, so it applies broadly. If you've already taken our Understanding Stocks: From Shares to Markets course, some ideas here may feel familiar.Crypto users who already trade but have never studied traditional fixed-income markets may find it especially useful for connecting the two worlds. Interest rate expectations affect how willing people are to hold riskier assets, so the forces that move bonds can also shape crypto market sentiment. The mechanisms differ, but the lesson is the same: the price of money matters everywhere.What You Will LearnThe course is divided into three sections and includes six modules. Each module is approximately four to five minutes, with a total course duration of around 25 to 30 minutes. By the end of the course, you'll be able to:Understand What a Bond IsA bond is a loan, and when you buy one, you’re the lender. The borrower owes you interest and has to pay back the full amount later. You'll learn the three basic terms every bond has: the amount borrowed (face value), the interest payments (coupon), and the repayment date (maturity). You'll also learn how owning a bond differs from owning stock. If a company runs into trouble, bondholders usually get paid before shareholders, but there's no direct upside when the company grows.Learn Why Bonds Are IssuedFind out why governments and companies borrow by selling bonds instead of taking out bank loans or selling shares. You'll compare government and corporate bonds and see what the money pays for, such as roads, factories, or older debts. You'll also look at the key trade-offs. Borrowing has to be paid back with interest, but the owners keep full ownership. Selling shares brings in money with no repayment required, since investors receive a stake in the company instead.Better Understand Coupons, Maturity, and YieldLearn how a bond pays you and clear up one of the most common mix-ups in investing: coupon versus yield. The coupon is the fixed interest set when the bond is first sold. Maturity is the date you get your original money back. Yield is your actual return, based on the price you paid. If you pay less for the same interest payments, your return goes up.Learn How Bond Prices and Risks WorkExplore the relationship between bond prices and interest rates. A simple seesaw example shows why an older bond paying 5% loses value once new bonds pay 7%. You'll also learn about the main types of bonds, including government, corporate, and high-yield bonds. You'll find out what credit ratings mean, understand the three real risks bonds carry (interest rate, credit, and inflation), and see how bonds can fit in a diversified portfolio.Final ThoughtsWhile bonds aren’t crypto-native assets, the ideas behind them, such as lending, interest and risk, shape every market, crypto included. Real understanding comes from a clear picture of what a bond is, how the bond market behaves and where the risks lie. That's exactly what Understanding Bonds: From Lending to Fixed Income is built to cover. → Understand bonds on Binance Academy today!Further ReadingUnderstand Stocks with Binance Academy: From Shares to MarketsFrom TradFi to Crypto: Learn on Binance Academy TodayLearn Crypto Risk Management – Protect Your Crypto with Binance AcademyDisclaimer: Products referred to above may not be available in your jurisdiction. This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.

Main TakeawaysbStocks has now crossed $1B in AUM, only four months after launch, and Binance Research data shows users are actively converting and trading them, not just holding.A key differentiator is the 1:1 convertibility between bStocks and the underlying stocks on Binance, with no conversion fees. Users have already converted more than $6B between the two formats.Usage is concentrated outside the traditional session. In August 2026, only 42% of bStocks volume occurred during regular U.S. market hours, and on-chain usage indicators suggest tokenized securities are being used beyond 24/7 trading.It's official: bStocks has crossed the $1B milestone, four months after launching in June. We see this as a strong signal that users want crypto-native TradFi exposure. Looking at the broader market, tokenized equities are the fastest growing real-world asset (RWA) of 2026, up 390.4% in market cap year-to-date, according to Binance Research. bStocks alone represents roughly a quarter of the sector’s market capitalization, as of October 2026.Why bStocks is Leading the ChargeThe tokenized equity sector has experienced massive growth since June, and we don't believe it's a coincidence that bStocks launched around the same time. If you're new to bStocks, they're tokenized securities that give users 1:1 exposure to selected stocks and ETFs. You can learn more in our introductory blog post. Below, we break down the numbers and the product features behind the growth of bStocks.1:1 conversion with no feesbStocks holders can convert between their token and the corresponding stocks on Binance at a 1:1 rate with no conversion fees. Some platforms don't have a conversion mechanism, forcing users to make two separate trades – sell the token and rebuy the stock directly – if they want to switch.Binance users can hold bStocks when they want to trade outside regular hours, withdraw them to a self-custody wallet, or use them on-chain. When they’d rather hold the stock directly, they can convert anytime with no fees, and vice versa. So far, users have converted more than $6B between the two formats, as of October 2026, more than six times the AUM itself.Trading outside the bellbStocks operate around the clock, including weekends, with the majority of trading activity taking place outside the regular session. According to Binance Research data from August 2026, only 42% of bStocks volume happens during regular U.S. market hours, compared with 89.2% for conventional U.S. equities. The other 58% was well distributed across pre-market, post-market, overnight, and weekend sessions.Regular sessions capture the bulk of conventional U.S. equity volume, but earnings reports, policy announcements, and major headlines often land after the market closes. Instead of waiting for the next session, bStocks holders can adjust their positions as those events happen.Built to be used on-chainOnce in an external wallet, bStocks can be deployed across on-chain applications. bStocks utilization has reached 11.2%, about 3.8 percentage points above the rate for tokenized equities overall, according to Binance Research. Based on Binance Research’s analysis of on-chain activity, outstanding borrowing against bStocks rose from 5.5% of deposited collateral at the end of June to 46.2% by September 10, 2026, with approximately $3.1 million borrowed against $6.8 million of collateral. On-chain transfers of tokenized stocks, including trading volume, exceeded $100 billion in Q3 2026, more than 16 times the $6 billion recorded in Q1. bStocks drove much of the surge, accounting for over 90% of weekly transfer volume at its early-August peak, per Binance Research.One account for all financeFor many Binance users, bStocks is just one product of a wider suite that includes perpetuals, options, direct stocks, and crypto. In fact, according to Binance Research, 58.5% of early bStocks users had already traded perpetual futures, direct equities, or both as of August 2026, before they bought their first bStock.Growing coverageWe've steadily increased coverage to meet the growing demand. When we first launched bStocks in June, there were only five tickers available. Four months later, bStocks now covers nearly 100 tickers across a variety of sectors, including AI infrastructure, semiconductors, sector ETFs, and more.Final ThoughtsThe $1B AUM milestone is just a snapshot of the broader momentum we're seeing. That headline number is still early by global benchmarks, part of a rapidly growing market that is opening new pathways into traditional finance. We are seeing the majority of bStocks trading taking place outside regular U.S. market hours, users converting billions between bStocks and direct stocks, and increasing utility that goes beyond the ability to trade 24/7.Only 0.0025% of the global stock market is on-chain today, and even sub-1% penetration by 2030 would represent significant growth, with Binance Research base-case estimates at $349 billion.Further ReadingHow bStocks is Rewriting the On-Chain EconomyExpanding Access to Global MarketsThe Other 80.7% of the WeekDisclaimer: bStocks Tokenized Securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading tokenized securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. Tokenized securities may be held and transferred on-chain outside the CSD environment. The transfer of tokenized securities back into the CSD environment is subject to conditions and you may be unable to trade, redeem or otherwise deal with the tokenized securities within the CSD environment if such conditions are not fulfilled.No information displayed in connection with tokenized securities is intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Tokenized securities are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. The tokenized securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM). By accessing this product, you represent and warrant that you are not a U.S. person, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in tokenized securities from within the United States. For more information, see the Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus (if applicable to you and understanding that the offer is only made in ADGM, no public offer is being made elsewhere and viewing the prospectus does not constitute an invitation or solicitation outside ADGM), bStocks Minting and Redemption Product Terms, Admission to Trading Notice and Risk Warning.

Main TakeawaysBinance maintained 100% overall API uptime in H1 2026, with Spot, Margin, Futures UM, and Futures CM sustaining 100% uptime throughout the period.Despite varying market conditions and major platform migrations, the trading infrastructure remained stable throughout.Automated monitoring continuously tracks Binance’s core trading infrastructure, catching potential issues before they can escalate and helping sustain uninterrupted service in a 24/7 market.At Binance, we understand that trust is built on transparency and performance. As part of our ongoing commitment to openness and continuous improvement, we’re sharing a detailed look at our API performance and system incidents for the first half of 2026. This report reflects how we’re working behind the scenes to ensure reliable, scalable, and stable services for our global user base.H1 2026 API MonitoringMany of Binance's 310+ million users depend on our application programming interfaces (APIs) for key data such as price, depth, trading activity, and various other metrics vital for their market analysis and trading strategies. It is thus crucial that these data feeds remain consistently accessible to support the demands of the 24/7 cryptocurrency market.The following chart shows how our systems performed in the first half of 2026, reflecting our continued investment in infrastructure built for the ever-evolving crypto landscape.The documentation for the APIs presented in the table is available here. These APIs are mainly used for following real-time changes in the market, allowing traders and investors to track the latest prices and see historical trends for various assets and financial instruments.The first half of 2026 saw Spot, Margin, Futures UM, and Futures CM maintain a 100% API uptime. Despite varying market conditions, including periods of heightened volatility, and major platform migrations carried out during this period, the trading infrastructure remained stable throughout. This stability underscores the effectiveness of the platform's architecture, redundancy design, and deployment practices, ensuring uninterrupted access to trading services for users worldwide.More details on each of our trading APIs are available at the following links:General informationFutures UM APIsFutures CM APIsSpot APIsMargin APIsUptime CalculationWe calculate the yearly uptime by dividing the number of hours our domains are up and running per year by 8,760 (the overall number of hours in a year) and multiplying the resulting value by 100 to get the percentage.In the first quarter of 2026 we had: 44,640 uptime minutes in January; 40,320 minutes in February; and 44,640 minutes in March, amounting to the overall 129,600 minutes in Q1. Since there have been no incidents in Q1, the uptime percentage calculation looks like this:129,600 mins / 129,600 mins * 100 = 100%In the second quarter of 2026 we had: 43,200 uptime minutes in April; 44,640 minutes in May; and 43,200 minutes in June, amounting to the overall 131,040 minutes in Q2. Since there have been no incidents in Q2, the uptime percentage calculation looks like this:131,040 mins / 131,040 mins * 100 = 100%If you have any suggestions as to how we can improve our APIs, please raise them using our Product Feedback & Suggestions platform.Further ReadingBuilding Transparently: Binance’s H1 2025 API Uptime ReportBinance API DocumentationHow to Secure Your API Keys on Binance: 5 Tips For Protecting Your Crypto

Main TakeawaysThis blog summarizes the findings of the recent Binance Research report discussing key developments of crypto markets in September 2026.In September, total crypto market capitalization rose 11.0% to $2.99T, despite a challenging macro and policy backdrop.Looking ahead, yields, Fed data, and CLARITY are key watchpoints.Crypto markets rallied through a hawkish Fed and a stalled CLARITY Act in September, with spot ETF flows turning positive for the year and BTC notching its strongest September in four years. This blog breaks down Binance Research’s latest monthly report, covering crypto market performance, the major coins driving gains, and the key events to watch heading into October.Crypto Market Performance in September 2026In September, total crypto market capitalization rose 11.0% to $2.99T, despite a challenging macro and policy backdrop.August inflation held at 3.4% and payrolls beat expectations. On September 16, the Fed raised rates 25 basis points to 3.75-4.00%, its first hike since July 2023, and 16 of 18 officials expect another by year-end.The CLARITY Act stalled after a 49-50 cloture vote, though the CFTC and SEC moved crypto rules forward on September 18.BTC still rallied. Spot ETFs drew $3.49B, turning 2026 flows positive, and Strategy bought 2,615 BTC. This made it the strongest of four straight positive Septembers.Monthly crypto market capitalization grew 11.0% in September. Source: CoinGecko, Binance Research, as of September 30, 2026Majors were broadly positive in September, with gains driven by ETF flows, institutional partnerships, and network catalysts.ZEC led with 65.9%, reaching a market capitalization of roughly $24B as shielded pools neared record levels. LINK rose 26.7% after Circle launched Arc mainnet with Chainlink as its foundational oracle. SOL gained 19.1% as spot SOL ETFs posted their best week since launch and Solana stablecoins hit a record $17.3B. DOGE added 16.2% alongside the broader rally.BNB rose 12.7%, and BNB Chain became the only chain holding $1B in tokenized stocks. ETH added 10.8% on $689.9M of weekly spot ETF inflows. HYPE was the weakest, up 4.3%, as its August rally cooled despite an all-time high on September 19.Monthly price performance of the top 10 coins by market capitalization. Source: CoinGecko, Binance Research, as of September 30, 2026October Watchpoints: Yields, Fed Data, and CLARITYRising Treasury yields remain the main risk to the crypto rally. The 10-year yield is at its highest since 2002, pushed up by energy-driven inflation risks, strong growth, and worries about government borrowing. As of late September, a softer-than-expected August PCE reading had cut the odds of an October Fed hike to about 35-40%, down from around 70% a week earlier, with September payrolls (released October 2) and CPI (due October 14) both key inputs ahead of the Fed’s late-October meeting. On the regulatory front, CLARITY can still return for another Senate vote, possibly after the November 3 midterms. In the meantime, comments on the SEC’s Regulation Crypto Assets proposal are due October 20.Notable Events in October 2026To help users stay on top of the latest Web3 news, the Binance Research team has summarized notable events and token unlocks across October, from scheduled unlocks to key dates in the regulatory calendar. Keep an eye on these developments as the month progresses, since any one of them could shift market sentiment.Notable Events in October 2026. Source: Cryptoevents, Binance ResearchFinal ThoughtsThis article is only a snapshot of the full report, which contains further analyses of the most important charts from the past month. The full report explores several themes shaping the market, including BTC’s strengthening trend reversal and growing sensitivity to real yields, a doubling in AI pre-IPO perpetuals volume as AI regulation and IPO timelines come into focus, and bStocks utilization of 11.2%, well ahead of the 7.4% industry level.Read the full version of the Binance Research report here.Further ReadingBinance Intelligence: A First Look At Next-Gen FinanceRewriting the On-Chain EconomyThe RWA Activation EraDisclaimer: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice and is not a recommendation, offer, or solicitation to buy or sell any securities or cryptocurrencies or to adopt any investment strategy. The use of terminology and the views expressed are intended to promote understanding and the responsible development of the sector and should not be interpreted as definitive legal views or those of Binance. The opinions expressed are as of the date shown above and are the opinions of the writer; they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive, and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given, and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies, or any investment strategy, nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Main TakeawaysInstitutional capital is pouring into digital assets, with 86% of institutional investors holding or planning allocations in 2025, but almost all of it goes into passive products.The gap isn’t unique to crypto. Capital raising everywhere favors size over performance, but crypto has no standardized way to discover or compare active managers at all.Capital Connect closes that gap: an exchange-native marketplace to browse, evaluate, and allocate to active strategies, with verified data and zero platform fee.Note: This is a general announcement. Certain products and services may not be available in your region. Terms and conditions apply. By 2025, 86% of institutional investors held or developed plans to allocate to digital assets, and 83% had committed to increasing their holdings, according to the EY-Parthenon 2025 Institutional Investor Digital Assets Survey. Capital is flowing in.But almost all of it is going into passive products. The same EY survey found that 81% of institutional investors prefer spot exposure through a registered vehicle like an ETF. That solves for passive and beta exposure, but there is no equivalent on-ramp for active crypto portfolio managers. Dedicated crypto hedge fund AUM is only $10 to $15 billion despite the broader institutional wave, according to the Crypto Insights Group's 2025 Industry Guide.Two-thirds of institutional investors allocate to digital assets, but over one-third keep exposure below 2%, and 41% said they would increase exposure if operational and compliance risks were reduced, as per the 7th Annual Global Crypto Hedge Fund Report.This is not a demand problem. It’s an infrastructure problem. And it’s exactly what Binance Capital Connect was built to address.The Problem Is Older Than Crypto: Top Managers Get 80% of CapitalCapital raising in traditional finance is already relationship-driven and top-heavy. Over 85% of institutional investors source new manager relationships through personal networks or prime broker capital introduction desks, per AIMA research on emerging manager capital raising. The top 20% of managers are responsible for about 80% of capital deployment, per AIMA's Private Credit Investor Forum findings.The irony: emerging managers with sub-$500 million AUM delivered 16.23% annualized returns over 2020 to 2025, compared to 8.53% for larger players, according to IG Prime. They outperform, but they can’t raise. The system rewards size over signal.In crypto, the gap is even wider. There is no prime broker capital introduction equivalent. No standardized performance data or benchmarking framework. 47% of crypto fund managers confirmed rising investor demand in 2025, but distribution channels haven’t kept pace, per AIMA. Many rely on Telegram, personal networks, and conferences to find capital.Three Gaps That Need ClosingDiscoveryOver 85% of institutional investors source new managers through personal networks or prime brokers, per AIMA. In crypto, there is no equivalent. Investors have no centralized marketplace to browse, compare, and evaluate strategies on standardized metrics.DiligenceThere is no standardized performance data or benchmarking framework across crypto fund managers. Investors can’t compare NAV, Sharpe ratio, maximum drawdown, or gross vs net returns on equal footing.DistributionEmerging managers outperform larger ones by nearly 2x, per IG Prime, yet they can’t raise capital. In crypto, no institutional channel exists for independent trading teams to reach verified investors.The Marketplace That Closes All Three: Capital ConnectCapital Connect is an open, exchange-native strategy marketplace on Binance that connects verified and eligible institutional investors with independent trading teams. It covers active strategies across digital and traditional assets, with full performance transparency and zero platform fee.Investors browse multiple trading teams and strategy types in one place, with Binance-verified performance data displayed side by side: NAV, Sharpe ratio, Sortino ratio, max drawdown, and gross vs net returns. No Telegram groups, no conference matchmaking, no third-party platforms to navigate. When the market changes, investors can switch strategies on the same platform. For trading teams, Capital Connect provides access to a verified institutional investor base already embedded in the Binance ecosystem.Getting Started with Capital ConnectFor Trading TeamsComplete Binance KYB verificationContact your dedicated Account Manager to apply for access to Capital Connect with license proofBinance Compliance and Ops review all applications before activationFor InvestorsCapital Connect is available to KYC or KYB-verified Binance users who meet one of the following criteria: VIP Level 3 or above, total assets on Binance of $1,000,000 USD equivalent or above, or external asset proof of $1,000,000 USD submitted for review.How it works:Browse: Explore active strategies across digital and traditional assets from a curated selection of independent trading teams, with full performance dataEvaluate: Compare NAV, Sharpe ratio, max drawdown, and gross vs net returnsInvest: Allocate with zero platform feeMonitor and switch: Track verified performance data across your allocated strategies, and switch or adjust your allocations as market conditions evolve. All on Binance.Final ThoughtsThe institutional wave into digital assets isn’t slowing down. It’s accelerating. But without infrastructure for active strategy allocation, capital will continue to flow into passive products by default, and the managers best positioned to generate alpha will continue to struggle for capital.The managers who outperform shouldn’t be the ones struggling to raise. Closing that gap takes more than another fund or partnership. It takes a marketplace built to make performance visible and capital movable. Performance should be the thing that raises capital, not proximity to it. Capital Connect makes that possible.Further ReadingBinance Capital Connect: The Marketplace for Investment StrategiesOne Ecosystem for Crypto Strategy Discovery, Allocation and ManagementBinance Launches Portfolio Accounts — Enabling Trading Teams to Pool Investor AssetsDisclaimer: Capital Connect is a connection and facilitation service presented on an “as is” and “as available” basis without representation or warranty of any kind. This service is only accessible to qualified persons and may not be available in your region. Binance is not liable or responsible for the completeness or accuracy of any information regarding any Trading Team presented here. No information presented on or through Capital Connect should be construed as financial advice, a personal recommendation, or an offer or solicitation to buy or sell any investment. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysThe Blockchain 100 returns for its second edition in 2026, combining annual awards with a year-round video interview series highlighting creators across the financial industry.Launched in 2025, the inaugural awards recognized 100 creators across seven categories, culminating in a ceremony during Binance Blockchain Week in Dubai.The 2026 edition expands recognition to creators across crypto and traditional finance, with public nominations opening October 13 and the awards ceremony taking place on November 29 during Binance Blockchain Week in Bangkok.Content creators play an important role in the crypto industry, helping audiences understand emerging technologies, navigate financial markets, and make informed decisions. At Binance, we believe that creators who dedicate their time and expertise to educating their communities deserve recognition.That belief led to the launch of The Blockchain 100 in 2025, an initiative that combines annual awards with a year-round video interview series. The awards recognize creators for their contributions to the industry, while the interviews explore the careers and perspectives of leading voices in crypto.Now in its second year, The Blockchain 100 returns with an expanded focus on creators across crypto and traditional finance. Public nominations open on October 13, giving you an opportunity to support your favorite creators ahead of the awards ceremony at Binance Blockchain Week 2026 in Bangkok on November 29.Why Binance Created The Blockchain 100The Blockchain 100 was established to recognize creators who contribute to public understanding of blockchain technology, digital assets, and financial markets, from established industry voices to emerging creators working across different areas of crypto and financial education.That work takes many forms. Independent researchers analyze blockchain developments, educators introduce newcomers to crypto fundamentals, and community leaders facilitate discussions and share knowledge with their audiences.Community participation is a central part of The Blockchain 100. Through nominations and voting, audiences help identify creators whose work they value, giving the wider community a role in determining who receives recognition.The awards also provide opportunities for creators to connect with new audiences through Binance's global community, industry partners, and dedicated content initiatives.Looking Back at The Blockchain 100 in 2025The inaugural edition of The Blockchain 100 Awards launched in 2025, inviting the global crypto community to nominate creators who had contributed to blockchain education and industry development.Following public nominations and community voting, 100 creators were recognized across seven categories: Industry Advocate, Independent Researcher, Trader, Community Builder, Video and Live Creator, Crypto Press, and Rising Star.The first edition concluded with an awards ceremony on December 3, 2025, during Binance Blockchain Week in Dubai. The event brought together creators from across the industry to celebrate their achievements and connect with fellow community members.Beyond the Awards: The Blockchain 100 Video SeriesThe Blockchain 100 extends beyond the annual awards ceremony through a year-round video interview series featuring voices from across the crypto industry. The interviews give guests an opportunity to discuss their work, share personal experiences, and address developments shaping the space.The series has featured Arthur Hayes, Benjamin Cowen, Wendy O, Eleanor Terrett, and Silvio Micali, among others. Bringing together individuals with backgrounds in trading, research, journalism, and blockchain technology, the interviews offer perspectives from different areas of the industry.By exploring the professional journeys and experiences of its guests, the series adds a personal dimension to The Blockchain 100. It gives audiences a better understanding of the people behind the research, commentary, and educational content they encounter.What’s New for The Blockchain 100 in 2026Building on its inaugural edition, The Blockchain 100 returns in 2026 with an expanded scope that includes creators from both cryptocurrency and traditional finance.This reflects the fact that financial education spans more than blockchain technology and digital assets. It also includes traditional markets and economic developments. Including creators from traditional finance allows The Blockchain 100 to recognize a broader mix of expertise and perspectives.The 2026 awards will continue to recognize creators working across different content formats and areas of specialization, from market analysis and research to educational videos and community discussions.How to Participate in The Blockchain 100 Awards 2026The Blockchain 100 invites the community to help recognize creators whose work has contributed to financial education across crypto and traditional finance. Whether you follow their market analysis, educational content, or industry commentary, you can support the voices you value through public nominations and voting.Public nominations are open October 13–16, allowing community members to put forward eligible creators for consideration. Creators can also nominate themselves.Community voting takes place on Binance Square from October 19 to 28. Verified Binance users who have completed Know Your Customer (KYC) verification can cast one vote per award track each day, giving them an opportunity to support their preferred nominees throughout the voting period.Winners will be announced on October 29, ahead of the awards ceremony on November 29 during Binance Blockchain Week 2026.Final ThoughtsWith its second edition approaching, The Blockchain 100 continues to recognize the creators helping audiences better understand crypto and financial markets. The expansion into traditional finance brings additional voices into the awards, while the video interview series continues to share their experiences throughout the year.We invite the community to take part in recognizing creators whose work they value. Visit the official awards page to learn more about The Blockchain 100 and participate in nominations and voting.Disclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysDespite the Fed's first rate hike since 2023 and the CLARITY Act's 49-50 Senate defeat, institutional flows did not flinch.ETF inflows returned strongly in the week of September 21, helping BTC break out of its $75,000-$82,000 range and hit a local high near $87,500.The OTC desk saw near-complete altcoin rotation from August, sustained off-ramp activity across MENA and LATAM, and settled 5 million BFUSD across two trades in under 10 minutes.In this ninth edition of the Binance OTC & Execution Services monthly digest, we recap a September where flows outpaced a hawkish turn in policy.The Fed delivered its first hike since 2023, and the CLARITY Act's 49-50 Senate defeat likely pushed U.S. market-structure legislation to 2027. Yet ETF demand returned, with around $1.5 billion into BTC and $412 million into ETH in the week of September 21. BTC also broke out of its $75,000-$82,000 range, and sentiment held in greed all month.We will also cover what client flows on the Binance OTC desk reveal about institutional positioning: a near-complete rotation in altcoin demand, continued off-ramping across MENA and LATAM, and a 5 million BFUSD-to-USDT redemption completed in about 10 minutes instead of the standard 2 days.What’s New at Binance OTC & Execution ServicesBased on client feedback, we have made Binance OTC & Execution Services easier to access. The desk is now reachable directly from the Institutional tab at the top of the Binance homepage. We are also expanding the suite to include bStocks. More details coming soon.September 2026 Crypto Market Analysis: Flows Outpace a Hawkish TurnMacro and Policy: The Fed Turns HawkishOn September 16, the Fed delivered the hike that August's minutes had signaled: a unanimous 0.25 percentage point increase from 3.75% to 4.00%, its first since 2023, with another projected before year-end. The BOJ and ECB are also tightening, which puts pressure on global liquidity. With USD/JPY near 160, a sharp yen rally that forces carry trades to unwind is still the main tail risk. Treasury buybacks began on September 9, but the 10-year yield still rose to about 4.96%. The desk now sees buybacks as a way to keep the bond market running smoothly, not as new liquidity.In Washington, the CLARITY Act failed a 49-50 Senate vote on September 15, likely delaying U.S. crypto market-structure legislation until 2027. Coinbase and Circle fell 8-10%, while BTC and ETH dipped far less. Stablecoins — already covered by the GENIUS Act — barely moved.Sentiment and Flows: From Selective to Risk-OnETF demand was uneven early in the month, as an inflow of about $723 million on September 3 soon turned into outflows. It came back strongly in the week of September 21, with about $1.5 billion into BTC ETFs and about $412 million into ETH ETFs, the strongest week since mid-August. The Fear and Greed Index stayed in greed all month and read 73 in late September.Market Structure and BTC OutlookBTC spent three weeks in a tight $75,000-$82,000 range while holding above the downtrend line from its $126,199 high, a sign of base-building rather than further decline. After the Fed meeting, it broke higher, hitting a local high near $87,500 before settling at about $84,200. ETF buying drove the move, and short covering sped it up. However, longs now carry more leverage than shorts, which leaves the market exposed if momentum stalls.The desk is tactically constructive but cautious on macro. The next targets are $85,000-$89,000, then $93,000. A decisive close below $74,000 would bring $68,000-$71,000 back into view.Observations on the Binance OTC Desk Crypto trading activity on the Binance OTC desk rose across both majors and altcoins in September. Compared with August, the altcoins traded almost completely changed, and only LRC and POL carried over. POL/USDT was our top crypto/stablecoin pair.In September we traded:Majors: BNB, BTC, DOGE, ETH, SOL, TRXStables: KGST, RWUSD, USDC, USDS, USDT, XUSDAlts: AR, ASTER, DOT, HBAR, INJ, LRC, PEPE, PENGU, PONS, POL, PUMP, RDNT, STX, VANRY, WBTC, ZENOn the fiat side, off-ramp demand stayed concentrated in our MENA and LATAM corridors. In September we settled flows into: USD, BHD, MXN, AED, ARS, KZT, and EUR.Binance OTC Case Study: How We Settled a 5 Million BFUSD Redemption in 10 MinutesWe recently facilitated a large BFUSD redemption with fast settlement for a repeat client.Standard BFUSD to USDT redemptions take 2 days, and real-time settlement is capped at 500,000 BFUSD per day. A repeat client first redeemed 500,000 BFUSD to USDT, then another 4.5 million BFUSD. We settled both trades within 10 minutes instead of 2 days.For clients with large BFUSD holdings who need to redeem quickly, OTC & Execution Services can help. We support large trades in Earn tokens such as WBETH, BNSOL, RWUSD and BFUSD into any asset, including cross pairs.Binance OTC & Execution Services: Institutional Crypto Liquidity PlatformBinance OTC & Execution Services is a premier, one-stop solution for executing large or complex crypto trades with confidence and discretion. We support all assets listed on the Binance Spot market, including direct and cross pairs, covering over 445 crypto and fiat assets, one of the broadest OTC asset selections in the industry. Clients can benefit from:Zero exchange fees with market-competitive spreadsDedicated traders delivering institutional-grade execution on every orderAccess to deep, multi-venue liquidity pools, the deepest in the industryFlexible settlement options and no upper size limits on trade ticketsFast-Track Your VIP Status Through OTC TradingOTC trading volume counts toward your VIP tier at a 4x multiplier. In other words, every $1 you trade through Binance OTC & Execution Services counts as $4 toward your 30-day spot volume requirement. This applies across the entire OTC suite, making OTC one of the fastest ways to reach and maintain your VIP status.Here is how much OTC volume you need to qualify for each tier:VIP Level30-Day Spot Volume RequirementOTC Equivalent (with 4x Multiplier)VIP 1$1,000,000$250,000VIP 2$5,000,000$1,250,000VIP 3$20,000,000$5,000,000VIP 4$75,000,000$18,750,000VIP 5$150,000,000$37,500,000VIP 6$400,000,000$100,000,000VIP 7$800,000,000$200,000,000VIP 8$2,000,000,000$500,000,000VIP 9$4,000,000,000$1,000,000,000For example, executing $250,000 in OTC volume within a rolling 30-day period – combined with the required BNB holding – is enough to qualify for VIP 1 status. Every OTC pair counts, whether trading BTC, ETH, or long-tail altcoins.Note: This excludes trades where the user acted as a liquidity provider for OTC transactions, as well as fiat-to-stablecoin, stablecoin-to-fiat, and stablecoin-to-stablecoin pairs.Final ThoughtsSeptember’s flows held firm despite a hawkish turn. The month opened with uneven ETF demand and tighter conditions, with the CLARITY Act's defeat then adding policy uncertainty. Even so, ETF inflows came back strongly in late September and helped BTC break out of its three-week range. With longs now carrying more leverage than shorts, the market looks more constructive but is more exposed if momentum stalls.Client flow reflected this shift. Majors and stablecoins anchored turnover, altcoin demand rotated almost completely from August, and off-ramp flows kept us settling across a broad set of currencies, led by our MENA and LATAM corridors. Clients also turned to the desk to redeem Earn tokens at size, as the BFUSD case study shows. If you need fast redemption beyond standard limits, Binance OTC & Execution Services is ready to deliver discreet, institutional-grade execution.Contact Binance OTC & Execution ServicesBinance OTC & Execution Services is accessible via the Binance website. To get started, contact the OTC Trading Desk at @Binance_OTCDesk_Official on Telegram or email trading@binance.com.If you already work with a Binance Account Manager, reach out to them directly for bespoke execution support or to discuss the themes covered in this blog.Further ReadingBinance OTC Monthly Insights - August 2026Binance VIP Program Criteria UpdateBinance Execution Services Gets a Major UpgradeDisclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. bStocks tokenized securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading tokenized securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. Tokenized securities may be held and transferred on-chain outside the CSD environment. The transfer of tokenized securities back into the CSD environment is subject to conditions and you may be unable to trade, redeem or otherwise deal with the tokenized securities within the CSD environment if such conditions are not fulfilled. No information displayed in connection with tokenized securities is intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. Tokenized securities are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. The tokenized securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM). By accessing this product, you represent and warrant that you are not a U.S. person, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in tokenized securities from within the United States. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see the Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus (if applicable to you and understanding that the offer is only made in ADGM, no public offer is being made elsewhere and viewing the prospectus does not constitute an invitation or solicitation outside ADGM), bStocks Minting and Redemption Product Terms, Admission to Trading Notice and Risk Warning.

Main TakeawaysBinance AI is a new suite of AI-powered features that adapts to what you hold and how you use the Binance app. The initial launch includes four key features: Generative UI, Market Brief, Smart Tool Tips, and Master Trade.Binance AI is part of Binance Intelligence, an initiative to empower every individual with AI-powered products across the platform and support broader access to financial tools.The more you can do on Binance – crypto, stocks, ETFs, commodities – the more information there is to process. If you haven't spent years following markets, it can be hard to know what's relevant to you across a growing set of products and a constant stream of updates.Today we're launching Binance AI, a suite of features that brings relevant market context directly into the Binance experience. A core focus of this launch is personalization. The experience adapts based on the assets you hold, your experience level, and how you use the app. The broader goal is to make market context more accessible, helping more users take informed steps toward their financial goals. Try Binance AIGenerative UI: Your App, Built Around YouDifferent users come to Binance with different goals. For example, someone new to crypto has different informational needs from someone managing multiple futures positions.Generative UI adapts the layout and content you see based on the assets, products, or market events you’re exploring, surfacing timely summaries and AI-generated analysis informed by trusted data sources.A few examples of what you might see:Yesterday's PNL: A recap of your previous day's performance alongside key events for your top holdings. This is your portfolio's story, not a generic market summary.Top Movers: 24-hour price movements across your holdings at a glance, with AI-generated analysis personalized to what you hold and follow. It helps you understand what changed and what may be driving it.Smart Alert: Voice alerts when your tracked assets move, so you don't have to watch the screen.The full widget lineup also includes Indices, Macro Insight, Hot Sector, Crypto/Stocks/ETF Tracker, Market Buzz, and Trade Ideas – all available to add to your personalized Markets page.Catch Up with Market BriefMarket Brief delivers concise updates across crypto and traditional markets, refreshed every four hours, and available to read or listen to on demand. If you’ve been away after a period of significant market activity, it gives you a clear starting point before you make any decisions.Help When You Need It with Smart Tool TipsSmart Tool Tips surface contextual prompts based on where you are in the Binance app and your level of experience. If a major asset is trending while you’re browsing the markets page, a prompt may appear offering to explain what’s driving the move. If you’re on a product page for something unfamiliar, a tip may help you understand how it works before you proceed. And if you already know what you’re doing, the tips stay out of the way.See How Others Are Positioned with Master TradeMaster Trade gives you visibility into selected investor and trader profiles, including their holdings, where available. During periods of uncertainty or significant market movement, it adds useful context around how experienced market participants are approaching the same conditions. Ultimately, the final decision is always yours. Final ThoughtsBinance AI is designed so that relevant information comes to you, shaped around your interests and the assets you care about. Across crypto, stocks, ETFs, and macro developments, it helps surface the context that is most likely to matter to your situation in a clear format. Whether you’re reviewing a major market move or learning about a new asset class, Binance AI helps you make sense of all the complex data and terminology before you act. We’ll continue refining these features over time based on how users engage with them. Try Binance AIDisclaimer: Your use of Binance AI, including any Binance AI Service, is at your own risk. It is provided to you on an “as is” and “as available” basis, without representation or warranty of any kind. You are solely responsible for all of your Prompts. Prompts may be used for training purposes. AI Inputs may include various unvetted third party sourced content. Any sourced content is provided “as is” without any guarantee. Binance may restrict or alter sourced content based on various compliance safety filters, however this is not absolute. Binance does not endorse or guarantee any AI Outputs. AI Outputs may include or reflect content, positions, views and opinions of third parties unknown to Binance, which may also include errors, biases, synthetic data and or outdated information. Any AI Output should not be solely relied on for decision making. AI Outputs do not constitute any kind of advice by Binance nor any other intermediary services. Binance AI may use or make available third party AI Tools without any guarantee and subject to third party terms. Where AI Tools are configured by yourself or a third-party, you indemnify Binance against all liability. Binance does not guarantee any AI Tools. Binance AI may respond to your requests, but without any guarantee that your request will be fulfilled satisfactorily or at all. Digital asset prices can be volatile. You are solely responsible for your investment decisions and Binance is not liable for any losses. Digital asset prices can be volatile. DYOR. Use of Binance AI may be subject to additional Binance Product Terms, where applicable. For more information, see our Terms of Use, Risk Warning and AI Policy and Terms.

Main TakeawaysIn late September, Binance’s Jessica Walker sat down with Michael Saylor – Founder and Executive Chairman of Strategy Inc., and arguably Bitcoin’s largest proponent – for a wide-ranging interview on our YouTube channel.Topics included the metrics Saylor watches for in the market, his core thesis that Bitcoin is emerging as “Digital Capital”, and the notion that we’re currently in a digital asset “gold rush” from now through 2035.Read on to hear Michael Saylor give his hot takes on Bitcoin and where the crypto economy is heading.Whether you dabble in crypto or follow the market religiously, you’ve probably heard of Michael Saylor, one of the most recognizable voices in Bitcoin and the mind behind Strategy’s long-running BTC accumulation strategy. Saylor has helped shape the mainstream conversation around Bitcoin as a balance-sheet asset, and his views are closely watched across crypto and traditional finance.In a wide-ranging interview with Binance’s Jessica Walker on our YouTube channel, Saylor unpacked his latest takes on Bitcoin, from the market signals he watches to his view of Bitcoin as “Digital Capital.” He also explained why he frames the years through 2035 as a digital asset “gold rush,” and how Strategy’s BTC accumulation and digital credit ambitions connect to that timeline. Watch the Full Interview →What Saylor Watches in the Market“We normally look at the 200-week moving average, and we look at the premium or the discount to that 200-week moving average.”For Saylor, the 200-week moving average is one of his core reference points, specifically when the market resets and looks for footing. He also touched on recent market behavior. In his view, capital rotated into the AI sector and major private-market fundraising rounds, pulling liquidity away from crypto in the short term.Bitcoin as “Digital Capital” and Four Key Drivers for AdoptionSaylor’s core thesis is that Bitcoin is emerging as “Digital Capital,” a long-term store of value that can be held globally and used as a foundation for other financial products. He described four drivers that can expand adoption over time:Securitization: ETFs and wrapped Bitcoin products that make BTC exposure easier to hold in traditional wrappers.Treasury companies: public companies building equity structures on top of Bitcoin holdings.Digital Credit: instruments designed to offer a different volatility and cash-flow profile than holding BTC directly.Bank credit: banks custodying BTC and extending credit against it.Drawing an analogy to other asset classes, Saylor argues that credit availability can influence how widely an asset is held and financed. This is his view of how adoption could evolve across traditional financial infrastructure.Strategy’s Approach to Accumulating BTCStrategy’s BTC purchases have been closely watched for years, and they’re often treated as a signal for how public companies might approach Bitcoin on a balance sheet. People often wonder: is there a target, or a point where the buying stops? We can put that question to rest because, according to Saylor, there is no target in mind.“We don’t have any particular target. We accumulate Bitcoin as we raise capital.”Why Strategy Built Digital CreditA key part of the conversation was Saylor’s explanation for why buying Bitcoin directly isn’t suitable for all investors. Many portfolios struggle to absorb BTC’s volatility, even if the investor strongly believes in the long-term thesis. “Digital Credit” such as STRC, in his framing, exists to repackage Bitcoin exposure into instruments that offer a different volatility and cash-flow profile. To make the point concrete, Saylor illustrated two analogies:Crude oil versus gasoline: the raw energy is there, but many “engines” need crude oil refined into a form they can use.A fighter jet versus a passenger jet: BTC is a high-performance vehicle, while Digital Credit is built for smoother travel.“And the way we describe it is Bitcoin is like a fighter jet, and Digital Credit like STRC is like a passenger jet.”STRC vs. Gold, and Strategy’s BitcoinWhen asked how STRC differs from gold and tokenized gold, Saylor separated capital from credit. Gold and Bitcoin are forms of capital, while STRC is credit built on top of “Digital Capital,” drawing comparisons to historical gold-backed credit instruments.STRC, also known as “Stretch,” is a Nasdaq-listed perpetual preferred stock issued by Strategy that pays a cash dividend. Strategy actively manages STRC around its $100 par value, with the ability to issue shares above $100 and repurchase shares below $100. At the time of recording, Strategy’s balance sheet was worth over 840,000 bitcoin.“We own more than 4% of all the Bitcoin that will ever exist.”Disclaimer: BTC holdings, market figures, yields, and product terms may change. Bitcoin and securities such as STRC carry different risks; neither future returns nor dividends are guaranteed. Review current disclosures before making an investment decision. Are We Still Early? Saylor’s “Gold Rush” Thesis“I think the crypto economy is maybe $3 trillion right now… All the other assets in the economy are $1,000 trillion or $1,200 trillion.”Toward the end of the interview, Saylor answered the one question every crypto investor has on their mind: where is bitcoin on the adoption curve. In other words, are we still early? “I think we’re in a gold rush between now and the year 2035.”Relative to broader global asset markets, Saylor argues that the crypto economy is small and remains in a phase that he describes as “hyper-growth mode”. He also anchored his “early” view to supply dynamics. By 2035, Saylor believes 99% of all bitcoin will have been mined, describing the period between now and 2035 as a “gold rush” for digital assets.AI Abundance and “Trophy Assets”Amid all the talk about Bitcoin and digital assets, the conversation also touched on AI, robotics, and what Saylor thinks gets cheaper versus what stays scarce. His view is that technology drives down the cost of things that can be produced at scale, while certain “trophy assets” remain scarce by definition.“The robots can’t create more beachfront real estate in Palm Beach.”Pointing to examples like mountains and art, Saylor argued that robots can’t produce another Picasso, nor can they manufacture more coastline. Scarce desirable assets stay scarce, even if technology makes more services and everyday goods – food, water, lawyers, etc. – cheaper.TL;DRSaylor watches Bitcoin’s 200-week moving average and institutional capital flows to frame market structure.He describes Bitcoin as “digital capital,” with adoption expanding through ETFs, treasury companies, digital credit, and bank credit.Strategy’s BTC accumulation has no fixed target, only that it scales with capital raising.STRC is positioned as “digital credit,” built for investors who want a different volatility and cash-flow profile than holding BTC directly.Saylor frames 2026–2035 as a key window for adoption, calling it a digital asset “gold rush.”Watch the Full Interview →Further ReadingWhat to Know About the CLARITY Act and What Happens Next Binance Intelligence Makes Finance Smarter for EveryoneExpanding Access to Global Markets Disclaimer: Content may include third party comments and opinions (such as, without limitation, those expressed by moderators, hosts or participants that are not employees of Binance). Please note that: (a) all content is presented on an "as is" basis for general information purposes only, without representation or warranty of any kind; (b) such comments and opinions belong to these third parties, and do not purport to reflect the views, comments or opinions of Binance; and (c) correspondingly, their comments and opinions as expressed on our platform is not intended to be and shall not be construed as an endorsement by Binance. We shall not be liable or responsible for any errors or omissions, or for the results obtained from your use of such information. The content in this video shall not be construed as financial advice.

Main TakeawaysThe on-chain economy is no longer limited to crypto-native assets. The “tokenized equities” category crossed $3B in market capitalization in late September 2026, according to a report from Binance Research. While that is small relative to traditional markets, it’s a meaningful milestone for on-chain finance.bStocks reached around $800M market capitalization in under four months, and has been among the most transferred instruments in the tokenized equities category on-chain.The share of value deployed in DeFi has also more than tripled in 2026, rising from 1.8% to 6.3% on a 60-day rolling basis.The phrase “on-chain economy” is no longer exclusive to cryptocurrencies. In 2026, we’re seeing a new category emerge in the form of tokenized equities. While the underlying exposure is a different market, the format is familiar to crypto users: assets that can be held in a wallet, transferred on-chain, and used across on-chain applications.According to a recent report from Binance Research, the tokenized equities category crossed $3B in market capitalization in the fourth week of September 2026. The broader on-chain real-world asset (RWA) market reached $38B this year, up about 50% year to date, which puts tokenized equities at roughly 8% of total on-chain RWA value. Figure 1: Tokenized equities market capitalization crossed US$3B, with bStocks capturing roughly a quarter since its June launch. Source: Binance Research, as of September 29 2026.A note on terminology: Third-party dashboards often group equity-linked tokens, such as bStocks, under “tokenized stocks.” Please see our disclaimer below for further information. Why Tokenized Equities are GrowingTokenized equities have been the fastest-growing RWA category in 2026. Part of that momentum arrived in June, around the same time we launched bStocks.bStocks reached around $800M in under four months, or roughly a quarter of the global tokenized equities category by market capitalization. Category data also shows rising on-chain transfers, which is a useful signal that people are moving these assets around, and not just buying and holding them idly.Why Binance Launched bStocksbStocks was built for users who want equity-linked exposure that fits how they already use crypto. Traditional equities sit behind market hours and brokerage workflows. Tokenized instruments can be traded around the clock, including weekends, giving users the opportunity to respond to major events that play out after market close.Beyond 24/7 trading, the other big distinction is portability. bStocks holders can move their exposure between the Binance exchange and their own wallet for self-custody. In a traditional brokerage account, moving holdings typically means transferring between brokers. On Binance, that portability is also paired with a 1:1 conversion mechanism, allowing users to convert between bStocks and stocks with no fees.Where Activity is ConcentratingTokenized equities are distributed across multiple chains, but in 2026, BNB Chain has become a key venue. As of this September, BNB Chain held around $1B in tokenized equities, about 34% of the market, according to Binance Research (as of Sep 28, 2026). BNB Chain also had about 1.8M tokenized equity holders, representing 45% of holders across the category.Important clarification: BNB Chain is a community-driven blockchain ecosystem and is not a Binance product. Binance operates within the BNB Chain ecosystem.From Holding to Real Utility So what do people do with their tokenized equities once they’re on-chain? According to Binance Research, holders are increasingly deploying these assets across DeFi, including using them as collateral and pairing them in liquidity pools. The 60-day rolling DeFi TVL ratio, which measures tokenized equity value deployed in DeFi relative to total active market capitalization, more than tripled from 1.8% to 6.3%. Put simply, this suggests a growing share of tokenized equities is being put to work instead of sitting idle.This is where the “on-chain” part becomes tangible. Once an asset can be transferred, collateralized, and deployed across protocols, it starts to behave like a composable building block rather than a static position.Final ThoughtsTokenized equities passed $3B in 2026, but the more important signal is how they’re being used. Holder counts are rising, transfer activity has grown, and DeFi usage is climbing — all signs of real adoption, not just capital inflow. The result looks less like a separate crypto universe and more like a broader financial network, where different asset types can be held, moved, and used side by side. Within this shift, bStocks gives users tokenized security exposure on crypto rails, including the capability to trade 24/7 and move between the exchange and self-custody, on their own terms. Further ReadingIntroducing bStocks – Trade and Hold Tokenized 1:1 U.S. Stocks on BinanceWhy Tokenized Securities? A Look at bStocks vs. Traditional StocksbStocks Is Scaling Faster Than Any Other Tokenized Stock ProductDisclaimer: bStocks tokenized securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading tokenized securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. Tokenized securities may be held and transferred on-chain outside the CSD environment.

Main TakeawaysIn the first half of 2026, Binance’s AI-assisted risk systems helped protect more than 8 million users and prevent approximately $4.6 billion in potential losses.Eight layers of account protection form a single, real-time response — alerting, verifying, and intervening in proportion to the risk, so your experience stays smooth and your account stays secure.Behind these systems is the Secure Asset Fund for Users (SAFU), an emergency reserve worth $1 billion, backed by free security education that helps users do their part too.At Binance, security doesn't depend on one tool. It works in layers: systems that stop threats in real time, account-level protections that respond in proportion to risk, education that helps users protect themselves, and an emergency fund for the worst cases. Here's how each layer performed in the first half of 2026, and what it means for keeping your crypto safe.How Binance’s AI Stopped $4.6 Billion in LossesBinance's AI-assisted risk systems check activity in real time and flag threats before they reach users, powered by more than 100 AI models working across anti-fraud and anti-scam controls. In H1 2026, these systems intercepted millions of scam and phishing attempts, blacklisted more than 42,000 malicious addresses, and issued over 14,000 real-time warnings every day. These models now make 80% to 90% of real-time risk decisions, with human reviewers stepping in on the cases that need closer judgment. Together, these measures protected more than 8 million users and prevented approximately $4.6 billion in potential losses.Binance’s 8-Level Account ProtectionOn Binance, account protection is a layered system built on a real-time risk detection engine, designed to keep the crypto experience smooth and secure across our platform.1. Multi-channel notifications: When suspicious activity is detected, Binance alerts you via email and in-app messages.2. OTP verification: Sensitive actions require a unique, time-sensitive one-time password, so login details alone aren't enough for an attacker to proceed.3. Roaming verification: Logins or actions from a new device, location, or unusual IP address triggers additional verification.4. Passkey authentication (FIDO): Binance supports passkeys, a device-bound cryptographic login method (via Face ID/Touch ID) that is highly resistant to phishing and password theft.5. Facial recognition: For higher-risk actions, facial recognition is required.6. Forced logouts: If account takeover is suspected, Binance can force a hard reset, logging out all active sessions across devices so you can reset your password and secure the account.7. Single withdrawal rejection: A suspicious withdrawal can be blocked individually. You're notified, and can retry after additional verification if it was you.8. Withdrawal function block: At the highest risk level, withdrawals may be temporarily paused as a final safeguard. Withdrawals resume only after security checks and confirmation from the account owner.Emergency Reserves: $1 Billion in the SAFU FundThe Secure Asset Fund for Users (SAFU) is an emergency reserve that Binance set up in July 2018. SAFU funds protect user assets in extreme cases, such as security breaches or platform-level incidents. As of 2026, the fund holds approximately $1 billion.SAFU is a safety net for when other protections fall short, kept separate from operational accounts. If a security incident causes users to lose funds, Binance may use SAFU assets to compensate affected users.Scam Education: Strengthening the Last Line of DefenseOur systems can stop millions of threats, and SAFU funds are in place for extreme cases. But no system can make every decision for you. You decide whether to click a link, share a verification code, or approve a transaction. That makes you the last line of defense. That’s why we focus on giving you the knowledge to make that call with confidence.Scams change quickly, so our security blog series breaks down emerging scam tactics as they appear, with 10 deep dives published since the start of 2026. There’s also a consolidated guide, which puts the key lessons in one place. If you’d like a more structured approach, our free Binance Academy course on managing risk teaches you how to protect yourself. Pick whichever works for you, the outcome is the same: knowing what to watch for.Final ThoughtsReal-time AI detection, account protection, ongoing education, and the SAFU fund all work together to keep users safe. The numbers from H1 2026 show that these layers work, but security is also a shared effort. Staying informed through our security series and Binance Academy courses, and keeping your account’s security settings up to date, are two of the simplest ways to protect your assets. The systems are watching. Make sure you are too.Further ReadingProtecting US$4.6 Billion in Potential Losses: How AI Powers Real-Time Risk DecisionsBinance’s 8-Level Defense Against Account TakeoversBinance Recognized by Thailand’s Technology Crime Suppression DivisionDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysEligible VIP 1–3 and Rising Star users in APAC can join a trading-volume leaderboard to earn Binance Blockchain Week (BBW) Bangkok rewards.Your qualifying Spot and Futures trading volume during the campaign period determines your leaderboard rank and reward tier.The top 3 users receive a BBW ticket plus a full hospitality package, including round-trip flights, hotel accommodation, and VIP swag.Binance Blockchain Week (BBW), our flagship annual event, is taking place in Bangkok on November 28–29, 2026 for a special Asia edition. BBW is a two-day event featuring speakers and discussions across markets, policy, and digital assets.From October 6–31, 2026, eligible VIP 1–3 and Rising Star users in APAC can join a VIP-exclusive leaderboard campaign. Your qualifying Spot and Futures trading volume during the campaign period will determine your rank. The top 30 users will receive BBW-related rewards, including a full VIP hospitality package for the top 3.Campaign Period: 2026-10-06 09:00 (UTC) to 2026-10-31 23:59 (UTC)[Join the Campaign Now]How the Leaderboard WorksEligible VIP 1–3 and Rising Star users who register and meet the minimum trading-volume threshold during the campaign period will be ranked by total qualifying trading volume. Rewards are assigned based on your final leaderboard position. Rewards are only available for the top 30 users.Please note the full campaign terms and conditions apply, and can be found here. How to ParticipateGo to the campaign page and click [Register Now].During the Campaign Period, reach at least one of the following minimum cumulative volumes:$1,000,000 or more in eligible Spot trading volume, or$5,000,000 or more in eligible Futures trading volumeAt the end of the campaign, the top 30 eligible users ranked by total trading volume (Spot and Futures) will receive the reward for their final rank.RewardsRANKREWARD PER WINNER1st - 3rdBBW Full Hospitality Package, including: BBW ticket, round-trip flight, hotel accommodation, and an exclusive BBW VIP swag pack4th - 5thBBW ticket + 1,500 USDC token voucher6thBBW ticket + 1,000 USDC token voucher7thBBW ticket + 750 USDC token voucher8thBBW ticket + 500 USDC token voucher9thBBW ticket + 250 USDC token voucher10thBBW ticket + 100 USDC token voucher11th - 30thBBW ticketFinal ThoughtsBinance Blockchain Week Bangkok brings together voices across markets, policy, and digital assets. If you are an eligible VIP 1–3 or Rising Star user in APAC, you can register for the leaderboard and track your ranking during the campaign period.[Join the Campaign Now]Eligibility and Calculation NotesOnly VIP 1–3 and Rising Star users from eligible countries who complete account verification and click [Register Now] on the campaign page are eligible to participate in this campaign.This campaign is available only to users enabled for Binance Spot and/or Futures trading and may not be available, or may be restricted, in certain jurisdictions or regions, or to certain users, depending on legal and regulatory requirements.Qualifying trading volume includes both buys and sells on eligible Spot and Futures trading pairs. Trading volume on stablecoin-to-stablecoin pairs and zero-fee trading pairs will not be counted toward the total trading volume requirement.Binance will use the real-time exchange rate of the trading pair against USDT to calculate the user's trading volume. Campaign data will be updated daily by 16:00 (UTC+8) on the following day.Sub-accounts' trading volume will be combined with the master account's standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this activity.Campaign-specific trading volume multipliers, including but not limited to the Stocks, bStocks and OTC multipliers, will not be considered in the calculation of trading volume for leaderboard ranking.Reward DistributionUSDC token voucher rewards will be distributed before 2026-11-13 after the campaign ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.The validity period for the token voucher is set at 30 days from the day of distribution. Learn how to redeem a voucher.Winners of the BBW tickets and Full Hospitality Packages will be contacted before 2026-11-13 after the campaign ends to coordinate the arrangements. Winners should ensure their email addresses are up to date. If a winner fails to respond within the period specified in the notification, Binance reserves the right to deem the prize forfeited and select an alternate winner at its sole discretion.Flights covered under the Full Hospitality Package are limited to eligible routes with both departure and destination points within the APAC region; any flight costs falling outside the foregoing scope shall be borne solely by the winner.Physical rewards (flight, hotel, swag) and event tickets are non-transferable and cannot be exchanged for cash.Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk-registered accounts, as well as trades that display attributes of self-dealing or market manipulation.Binance reserves the right, at any time and in its sole and absolute discretion, to determine, amend, or vary these terms and conditions without prior notice, including canceling, extending, terminating, or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done.Additional campaign terms and conditions can be accessed on the campaign page.Further ReadingWin a Fully Hosted Trip to Binance Blockchain Week BangkokBinance Blockchain Week The Next Era of Binance VIP: Expanding Access to Match Evolving User StrategiesWhat Is the Binance VIP Program? Benefits, Tiers and How to JoinBinance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysOn October 5, we unveiled Binance Intelligence – our most ambitious set of products designed to put institutional-grade artificial intelligence in every trader’s hands.Binance Intelligence covers three products: Agent OS for developers looking to build agents, Binance AI for everyday app users, and Binance AI Pro for advanced users who want to deploy automated trading workflows.Binance AI is free and launches today for eligible users in New Zealand, with global rollout over the coming days. AI Pro will launch in the coming weeks.Today, we unveiled Binance Intelligence, a new AI layer built directly into the Binance experience. In a special livestream, Co-CEO Richard Teng and VP of Product Jeff Li presented three products that reimagine how finance works, and how it works for our users: 1) Agent OS, 2) Binance AI, and 3) Binance AI Pro. "Finance shouldn't ask you to become an expert first. It should meet you where you are. With Binance Intelligence, it does." - Richard TengClosing the Gap with AIThe core philosophy behind Binance Intelligence starts at the root problem for many users. So much financial information – stocks, commodities, crypto, perpetuals, yield, just to name a few – is now accessible to millions globally. Binance Intelligence gives users the tools to interpret that information and act on it. From years of building with AI, including over 100 models across our compliance and risk systems, Binance Intelligence takes everything we've learned and puts it directly into the products our users rely on.Now, when you open the app, you’ll have the technology that once only belonged to hedge funds and financial experts, working around the clock to help you make better informed decisions.Agent OS: Build AI Agents With Binance CapabilitiesIn August, we launched Agent OS, giving our more tech-savvy customers a dedicated toolkit to equip their AI agents with Binance capabilities, including trading, access to market data, and more. Not only does Agent OS make building powerful agents a more seamless experience, it also comes with advanced safety controls, including mandatory sub-accounts for agents, prohibited agent withdrawals, and granular permissions. Developers can revoke access at any time, including an emergency stop function that disconnects all agents.In the first month alone, we’ve seen a variety of agent use cases, from trading bots and research assistants to full-on automated hedging strategies.Binance AI: A Free 24/7 Personal AssistantDesigned for all levels of experience, Binance AI is a 24/7 personal assistant that pays attention to what matters most to you. Where enabled, Binance AI can personalize your experience based on information such as your product usage, preferences and holdings. Every user will see a different dashboard when they open the app.Personalized FeaturesSmart Tool Tips: When you open a product you haven’t used before, a tip shows you how it works, then disappears once you’ve got the hang of it.Market Brief: An AI summary covering crypto, stocks, and macro updates throughout the day; you can read it or listen to it like a mini-podcast.Smart Alert: Stay on top of the market even when you’re away from the screen. Get a real-time voice call when your price targets or signal triggers hit.PnL Recap and Smart Tracker: Know where your portfolio stands at a glance. A daily summary of your gains and losses, plus alerts when your favorite assets are moving.More AI-Powered WidgetsMarket Buzz, Macro Insight, and Hot Sector: See trending conversations and sentiment from across the crypto community, the policy decisions and economic data behind price moves, and which crypto sectors capital is flowing into in real time.Trade Ideas and Trader Picks: Find ideas for your next trade without spending hours on the charts. Trade Ideas draws on live market signals and your trading profile, and Trader Picks lets you see what moves pro and celebrity traders are making.Indices and K-line integration: Read the market faster, even if technical analysis isn’t your strength. Track crypto and traditional market indices in one view, and see AI annotations on candlestick charts that mark key patterns, support and resistance levels, and trend signals.And here’s the part you’ll love, Binance AI is completely free to use and goes live today for all eligible users in New Zealand, with global rollout to follow in the coming days. Stay tuned.AI Pro: Build Trading Workflows With No CodeThe final product presented, AI Pro, turns ideas into automated trading workflows with zero coding required. Describe what you want to build in plain language, test it against the market with paper trading, and then run it live 24/7. We’ve built an “agent and executor” directly into Binance. Beyond trading, you can also ask AI Pro to put together a daily market report or alert you when BTC hits key price levels.“Prompt. Test. Trade. That's AI Pro.” - Jeff LiWhen it comes to safety, a workflow will not be activated until you review and approve it. Once activated, it can execute within the permissions, budgets, and risk limits you have set. AI Pro only executes with funds in the sub-account you've authorized.AI Pro will launch with a free version using credits refreshed weekly, with a paid subscription planned later. Final ThoughtsOver nine years, Binance has grown into one integrated platform with over 300 million users, $156 trillion in cumulative trading volume, and 43% of the world's crypto holders. Binance has opened access to crypto, then to payments, yield, and traditional markets. The next step is making all of that easier to understand and use, a financial evolution, where everyone can access all finance on Binance. "The freedom of money should belong to everyone, and with AI, we can finally put it in the hands of every single user." - Richard TengBinance AI is rolling out globally over the coming days, and Binance AI Pro will follow in the coming weeks. If you missed the livestream, you can watch our recording.Further ReadingIntroducing Binance Agent OSConnecting AI Agents to the Financial Super App ExperienceBinance Agent OS Playbook: Choosing the Right ToolsDisclaimer: Binance AI has been used and or produced, and is provided on an “as is” and “as available” basis without representation or warranty of any kind. Your use of this Binance AI is at your own risk. Binance does not endorse or guarantee any AI Outputs. Any AI Outputs should not be solely relied on for decision making. AI Outputs may include or reflect information, views and opinions of third parties unknown to Binance, which may also include errors, biases and or outdated information. AI Outputs does not constitute any kind of advice by Binance nor any other intermediary services. Binance AI may use third party AI Tools or sources. Binance AI may respond to your requests, but without any guarantee that your request will be fulfilled satisfactorily or at all. 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Prepared by Binance Global Policy | October 2026Steven McWhirter, Global Policy LeadDiego Montes Serralde, Global Policy ManagerWith the expert contribution of Tanveer KaloojiMain TakeawaysAgentic AI could materially improve financial crime compliance. AI agents can analyse information across multiple systems, investigate alerts, identify relationships, monitor regulatory changes and prepare case assessments. Used responsibly, they could reduce low-value manual work and allow compliance professionals to focus on higher-risk cases and consequential decisions.Autonomy creates a new accountability challenge. Once AI systems can use tools, delegate tasks, alter records or initiate transactions, institutions must be able to establish which agent acted, who authorised it, what mandate it held and who remains responsible for the outcome.Know Your Agent (“KYA”) should complement, rather than replace, KYC. KYC establishes the identity and risk profile of the customer or legal entity. KYA establishes the identity, provenance, authority, permissions and operating constraints of the software acting on their behalf.The strongest governance model separates intelligence from control. AI agents may analyse, prioritise and recommend, while consequential actions should remain subject to defined policy controls, explicit authorisation thresholds, runtime monitoring and proportionate human or institutional oversight. Policy attention is already moving in this direction. Recent work in the UK and Singapore points to the need for clearer safeguards around agent identity, delegated authority, runtime controls and machine-to-machine authentication, particularly as agentic payments become an early test case for broader autonomous financial activity.1. IntroductionFinancial crime compliance has evolved alongside the financial system it is intended to protect. As payments became faster, financial services became more digital and markets became increasingly global, compliance functions adopted automated screening, transaction-monitoring systems, blockchain analytics and machine-learning models. Agentic artificial intelligence may represent the next stage of that evolution.Unlike a conventional rules engine, which follows predefined instructions, or a generative AI application, which produces content in response to a prompt, an AI agent can pursue an objective through a sequence of actions. It may retrieve information from multiple systems, determine which tools to use, compare alternative courses of action and adapt its workflow as circumstances change.In an AML context, an agent could receive a transaction-monitoring alert, review the customer profile, analyse linked accounts and wallets, consult relevant typologies, prepare an investigative chronology and recommend whether the case should be escalated. Several specialised agents could divide those tasks across identity verification, sanctions screening, blockchain tracing and case management, before presenting a consolidated assessment to a human investigator.This could materially improve the effectiveness of compliance. It could also introduce new risks.A compliance agent may access highly sensitive information, make inferences about customers, alter risk classifications or close alerts. An agent involved in payments may go further by selecting a route, confirming that predefined conditions have been met or initiating a transaction under delegated authority. If those systems are not properly identified, permissioned and monitored, institutions may struggle to reconstruct how an outcome was reached or determine where responsibility lies. The questions around liability, oversight and control become more acute. Once software can take autonomous or semi-autonomous steps toward a goal, rather than merely generate analysis, institutions must be able to determine whether the agent acted within its mandate, whether appropriate oversight was maintained, and who remains responsible for the outcome.The central policy question is, therefore, how institutions and regulators can preserve identity, authority and accountability when software begins to act within the compliance and payment architecture.This paper argues that a Know Your Agent, or KYA, framework could provide an important part of the answer. KYA would not displace KYC, customer due diligence or existing AML/CFT obligations, including applicable transaction-monitoring and payment-transparency requirements. It would provide an additional control layer for software agents by establishing who or what the agent is, which person or organisation it represents, what it is permitted to do and how its conduct can be limited, verified and, where necessary, stopped.An AI agent should not be permitted to undertake a consequential financial or compliance action unless its identity can be authenticated, its authority is defined and appropriately bounded, and its conduct can be attributed to an accountable principal.2. What is Agentic AI?Agentic AI refers to systems that can pursue an objective through a sequence of actions, rather than merely responding to a single instruction. An agent may determine which steps are required, retrieve information from different systems, use external tools and adjust its approach as new information becomes available.Agentic AI is not necessarily a distinct model category. In practice, an agentic system may combine one or more AI models with tools, memory, orchestration, external data sources and permissions that enable it to pursue objectives and take actions.These systems exist on a spectrum. Some operate as assistants that prepare recommendations for human approval, while others can perform defined tasks or initiate actions within the permissions they have been granted. The governance implications become more significant as an AI system moves from producing information to acting on it.The World Economic Forum has described this development as requiring governance models that take into account an agent’s role, autonomy, authority, predictability and operational context. The United Kingdom’s Digital Regulation Cooperation Forum similarly characterises agentic AI as a shift from AI as a tool to AI as an actor that can assess goals, plan workflows and execute actions affecting real-world environments.Safeguards should, therefore, depend on what a system is capable of doing in practice, rather than labels as an “AI agent.”3. From compliance automation to agentic complianceThe financial sector already uses AI across fraud detection, AML monitoring, customer-risk assessment, sanctions screening and operational processes. Agentic AI builds on those capabilities by connecting separate analytical functions into adaptive workflows that can gather evidence, assess context and prepare actions for human or rules-based approval.A. Customer due diligence and onboardingAn onboarding agent could collect information from approved sources, identify missing documents, compare records and flag inconsistencies. For legal entities, it might analyse corporate registries, ownership structures and beneficial ownership information. For individuals, it could support identity verification, sanctions screening and initial risk classification.The institution would remain responsible for the adequacy of its customer due diligence. The value lies in reducing fragmented manual processes and directing human attention toward higher-risk or ambiguous cases.B. Transaction monitoring and investigationsTraditional monitoring systems frequently generate high volumes of alerts based on static rules and thresholds. Agentic AI may support more contextual assessment by examining transactions against the customer’s profile, counterparties, previous behaviour and wider transaction network.In crypto markets, an agent could combine account-level information with blockchain analytics to identify exposure to sanctioned or high-risk addresses, rapid movement through multiple wallets, cross-chain obfuscation or patterns associated with scams and laundering typologies. This direction is increasingly recognised in international AML/CFT policy. FATF’s 2026 work notes that advances in artificial intelligence, machine learning and big-data analytics have the potential to enhance blockchain analytics and other tools used to detect and monitor suspicious activity.Once an alert is generated, an investigative agent could build a chronology, map the movement of funds from fiat on-ramps into digital assets, trace subsequent wallet activity across chains and counterparties, identify any off-ramp activity, retrieve supporting records, and draft a case narrative. A separate agent could test whether the proposed conclusion is supported by the evidence and identify contradictory information or unsupported assumptions.This could improve the use of compliance resources by reducing administrative work and allowing investigators to focus on judgment-intensive cases. It could also improve auditability where the data sources, tool calls, intermediate findings and approvals are retained as part of a unified evidentiary record. Importantly, greater analytical capability does not remove the need for expert judgment. FATF’s 2026 work similarly emphasises that advanced blockchain analytics are most effective when combined with traditional investigative techniques and expert human assessment.Where a report is being considered, a separate agent or control function could verify that the draft narrative is supported by source records and satisfies the institution’s escalation criteria.Consequential decisions, including decisions to file a suspicious activity or transaction report, terminate a customer relationship or impose another material restriction, should remain subject to appropriate validation and accountable human or institutional oversight, consistent with applicable law and supervisory expectations. C. Sanctions and adverse media monitoringSanctions compliance increasingly requires institutions to look beyond direct name matching and assess ownership, control, indirect exposure and geographic restrictions and links to sanctioned or high-risk activity, rather than relying on direct name matching alone.An agent could monitor list changes, identify potentially affected customers, analyse complex ownership structures and prioritise cases according to confidence and urgency.It could support adverse-media screening by assessing whether a result is a true customer match, whether the source is credible and current, whether the allegations are relevant to the institution’s risk appetite, and whether escalation or further due diligence is warranted.These capabilities could allow institutions to respond more quickly to emerging threats, adverse-media developments, and changing designations, but they also introduce risks if an agent relies on inaccurate sources, weak entity resolution, outdated reporting, or unsupported inferences.D. Regulatory change and control mappingAML obligations evolve through legislation, regulatory rules, guidance and enforcement decisions. An AI agent could monitor relevant sources, identify amendments and map them against the firm’s policies, products and controls.This could support more continuous compliance management and help institutions identify where monitoring scenarios, risk indicators or procedures require adjustment. Legal and compliance professionals would nevertheless need to validate interpretations, particularly where requirements are ambiguous or differ across jurisdictions.Across these use cases, the value of agentic AI lies not merely in speed. It lies in its ability to connect fragmented information, assess activity in context and allow human expertise to be focused where judgment matters most.Those benefits are conditional. Agents may hallucinate, misinterpret information or rely on weak sources. Investigators may defer excessively to apparently sophisticated recommendations. Models trained on historical decisions may reproduce earlier biases, while agents connected to external tools may be exposed to prompt injection, data leakage or unauthorised actions.The objective should not, therefore, be unrestricted automation, but controlled delegation: agents may support analysis, prioritisation, and recommendation, while consequential outcomes remain subject to deterministic safeguards, documented approvals and human or institutional accountability.The same architecture could support the controlled use of information received through public-private partnerships, including emerging typologies and risk indicators. As such information becomes more structured and machine-readable, institutions will need to ensure that agents access and use it only within defined legal, confidentiality and purpose limitations.4. Why is KYC not enough?KYC answers a foundational question: who is the customer? In an agentic environment, that question remains essential but is no longer sufficient.An institution may know the customer behind an account while remaining unable to determine whether a particular instruction originated from the customer, an authorised agent, a compromised agent or a sub-agent acting beyond its mandate.Two agents accessing the same system may also present materially different risks. One may be authorised only to retrieve information. Another may be able to modify a customer’s risk classification, close an alert or initiate a transfer.Institutions, therefore, need to be able to determine which agent performed a particular action, who developed, deployed and operated that agent, and on whose behalf it was acting. They should also understand the scope of the agent’s mandate, including which data, systems and tools it was permitted to access, whether it could merely recommend an action or had authority to initiate or execute it, and whether it could delegate tasks to other agents.This assessment should also extend to the limits placed on that authority, including any financial, temporal or geographic restrictions, the mechanisms available to suspend or revoke the agent’s permissions, and the identity of the natural or legal person that ultimately remains accountable for its conduct.KYA extends beyond conventional identity and access management. Traditional access controls generally determine whether a user or service account may enter a system and perform a defined function. KYA must also establish the agent’s relationship to its principal, the purpose and limits of its mandate, any authority to delegate tasks, and the accountable party responsible for the resulting conduct. This broader context becomes essential where an agent can operate across systems, act asynchronously or exercise discretion within a delegated objective.The OpenID Foundation has noted that agents often act indistinguishably from human users, while existing authorisation models may be insufficient for asynchronous activity, cross-domain interactions, recursive delegation and agents operating for multiple users. KYA provides a framework for addressing these gaps.5. What is Know Your Agent (KYA)? Know Your Agent can be understood as the process of identifying, authenticating, authorising and continuously governing an AI agent that acts within or interacts with a financial service.KYA should not be treated as granting legal personality to software or applying conventional customer due diligence directly to a machine. The objective is operational accountability, while legal and regulatory responsibilities continue to attach to the relevant natural or legal persons. This is consistent with the broader technology-neutral approach reflected in FATF’s 2026 work, which distinguishes underlying software from the persons exercising control or performing regulated financial functions through it.A KYA framework should establish the relationship among the different actors involved in an agent-mediated activity. This includes the agent itself, understood as the software instance performing the relevant task, and the principal, meaning the individual or legal entity on whose behalf the agent acts.The framework should also identify the provider or deployer responsible for developing, operating, configuring or making the agent available, as well as the relying institution, such as a financial institution, VASP or payment provider, that permits the agent to access or interact with its systems. Clearly defining these roles is essential to determine the applicable permissions, responsibilities and lines of accountability.These roles may overlap depending on how the agent is developed and used. For example, a financial institution may procure, deploy and rely on an internal AML agent itself. By contrast, a consumer-facing agent may be provided by a third-party technology company and authorised by the customer to interact with one or more financial institutions.Regardless of the operating model, the agent should remain clearly linked to the individual or legal entity that is ultimately accountable for its actions.In our view, a practical KYA framework could be structured around five layers.Agent identity and provenance: Each material agent should have a distinct identity linked to its provider, deployer, responsible legal entity, software or model version, and authentication credentials. This allows institutions to attribute an action to a specific authorised agent, rather than merely confirming that a valid user or service account was accessed.Link to an accountable principal: The agent should be linked to the individual or organisation on whose behalf it acts. While responsibilities may be allocated contractually among technology providers and regulated firms, the use of an agent should not dilute the regulated institution’s responsibility for meeting its AML/CFT obligations.Mandate and permissions: Each agent should operate under a clearly defined mandate specifying the actions, data and tools available to it and the purposes for which they may be used. Permissions should follow the principle of least privilege and, where personal or sensitive information is involved, incorporate appropriate purpose limitation, data minimisation and access controls. They should also distinguish between the ability to analyse or recommend and the authority to make or execute consequential decisions.Delegation and monitoring: Where agents may use sub-agents or external services, the permitted delegation chain should be defined and authenticated, with delegated authority remaining within the original mandate. Institutions should continuously monitor both the agent’s behaviour and, where it can initiate financial activity, the transactions generated through that authority. Monitoring should identify behaviour that exceeds permissions, departs from expected activity, indicates compromise or creates financial-crime risks requiring additional review.Revocation and auditability: Institutions should be able to suspend an agent, revoke or restrict its permissions and introduce additional human approval where necessary. Material actions should remain traceable to the agent, its principal, the authority in force, the tools and data used, any human intervention and the resulting outcome.For consequential actions, KYA should support point-of-action verification. The relevant control layer should be capable of confirming that the agent’s identity and credentials remain valid, that the proposed action falls within its current mandate and that no approval, risk or revocation condition prevents execution.In practical terms, a minimum KYA record would allow an institution to verify the agent’s identity, the principal it represents, the party responsible for deploying it, the scope and duration of its authority, any right to delegate, its current status and the context in which it is authorised to operate. The record should support attribution and control without implying that the agent itself assumes the regulatory status or obligations of the person on whose behalf it acts. That information should accompany the agent throughout the relevant interaction and remain available for subsequent review.As agent-mediated activity scales, elements of the KYA record should be capable of being expressed in machine-readable and, where appropriate, cryptographically verifiable form. This could allow an agent’s identity, principal, mandate, limits, delegation rights and status to be checked consistently across financial institutions and payment infrastructures.This type of minimum record could also support emerging trust frameworks for agentic payments, where regulators and industry are beginning to consider standardised approaches to agent identity, verification and machine-to-machine authentication.Taken together, these five layers provide the foundation for treating AI agents as identifiable, authorised and governable participants within a financial institution’s control environment. Their practical value, however, depends on how they are embedded into day-to-day compliance processes. An AML workflow provides a useful illustration of how KYA can translate these principles into operational controls, from verifying an agent’s authority at the outset to preserving human accountability for consequential decisions.6. KYA in practice: a controlled AML workflowIn practice, an agentic AML workflow could involve specialised agents reviewing customer information, transaction behaviour, blockchain activity and sanctions exposure. Before accessing a case, each agent’s identity, mandate and permissions would be verified. Their findings could then be consolidated and independently challenged before any recommendation is accepted.Consequential outcomes should remain subject to fixed, rules-based controls that the agent cannot override, together with appropriate human approval. The process should preserve a record of the evidence considered, its relevant provenance and permitted use, the agents and models involved, material tool calls, any human intervention and the final decision. This reflects a clear separation of functions in which agents analyse and recommend, controls enforce mandatory requirements, and accountable humans decide where the consequences are significant.This direction is already beginning to emerge in policy and industry practice. In July 2026, the Monetary Authority of Singapore announced the Safeguards for Agentic Finance at Runtime (“SAFR”) framework, developed with industry participants under its BuildFin.ai initiative. SAFR focuses on the need for real-time safeguards where AI agents operate in financial services, including policy-bound execution, validation before action, auditability and interoperability. Its emphasis on verifying and recording an agent’s proposed actions before execution is closely aligned with the KYA approach proposed in this paper in which agents may support financial workflows, but their actions should remain bounded by identity, authority, mandate and control requirements that can be reviewed after the fact.7. Agentic payments and the case for KYAThe need for KYA becomes more immediate where agents can transact. The IMF has described agent-mediated payments as a potential transition from “click-to-pay” toward “decide-to-pay,” in which software agents may compare options, determine whether conditions have been met and initiate financial actions under delegated authority.This concern is increasingly reflected in central-bank thinking. In June 2026, Sarah Breeden of the Bank of England observed that agentic AI could move payments and commerce from recommendation mode, where humans still execute transactions, toward systems in which agents automate the final step. She highlighted that this raises practical questions around how users securely provide consent and authorisation to agents, how disputes and liability should be handled for erroneous or fraudulent transactions, and how authorities can avoid fragmentation as AI firms, merchants and payment systems develop their own agent-interaction protocols.The United Kingdom’s Financial Services AI Adoption Plan points in the same direction. It identifies agentic payments as a near-term use case for autonomous financial systems and notes that these models raise uncertainty around legal accountability, liability, consent and fraud in automated payment flows. Importantly, the Plan recommends the development of a trust framework for agentic payments built around legal and liability standards, Know Your Agent protocols, and interoperable machine-to-machine authentication. This provides a useful policy signal in which KYA is not merely an internal compliance concept, but part of the broader trust infrastructure likely to be needed as agents begin to initiate or support financial transactions.These developments create an architectural tension. AI systems are probabilistic and adaptive, while payment infrastructures depend on predictability, legal certainty and deterministic execution.A useful model is to separate the process into three layers. In crypto markets, programmable wallets and smart contracts may allow permissions to be expressed directly through code. A wallet could limit an agent to specified assets, approved addresses, transaction values or time periods, while requiring human approval where risk indicators or thresholds are triggered.Before processing an agent-initiated transaction, a VASP or payment provider should be able to verify the identity and status of the agent, the principal it represents, the scope of its delegated authority and whether the transaction falls within that mandate. Existing transaction-level obligations and risk controls should continue to apply irrespective of whether an instruction originates from a person or an authorised agent. Depending on the activity, these may include sanctions screening, Travel Rule requirements, wallet-risk assessment and enhanced controls for higher-risk cross-chain or DeFi exposure. A proportionate framework should distinguish among agents that retrieve information, recommend transactions and control or transfer value. The greater the authority and potential consequence, the stronger the identity, monitoring and approval requirements should be.This is best understood as “bounded autonomy” in which agents may operate within clearly authorised objectives, permissions and limits, but stronger safeguards should apply as their ability to affect customers, compliance outcomes or the movement of value increases.8. ConclusionAgentic AI could significantly strengthen financial crime compliance. It can connect fragmented information, identify relationships across large datasets, accelerate investigations and help institutions respond more dynamically to changing risks.The same capabilities change the control environment. Once software can select tools, delegate tasks, alter records or initiate payments, institutions need to know more than who the customer is. They must know which agent acted, who it represented, what authority it held and whether its conduct remained within that authority.Know Your Agent offers a practical framework for answering those questions. KYA is an accountability layer for software operating within the financial system.The future AML architecture may, therefore, be understood through three complementary lenses: (1) Know Your Customer, which establishes the identity and risk profile of an individual or legal entity; (2) Know Your Transaction, which examines how value moves, why the activity is occurring and whether it is consistent with expected behaviour; and (3) Know Your Agent, which identifies the software actor involved, the authority under which it operates, the limits of its permissions and the person or entity that remains accountable for its actions.Together, these disciplines could provide the trust architecture required for an increasingly automated financial system. As AI agents gain greater authority to influence decisions and move value, governance should follow that authority. Greater autonomy, access and potential consequence should be matched by stronger requirements for verifiable identity, bounded permissions, auditable conduct, revocation and continuing human or institutional accountability.

Main TakeawaysBinance has expanded beyond crypto into stocks, with direct equities, TradFi perpetuals, and bStocks now live on the platform — though each brings its own mechanics and vocabulary.Binance Academy’s new free course, Understanding Stocks: From Shares to Markets, launches on September 30, covering what a share represents, where stocks trade, what moves prices, and how risk is managed.This course assumes no investing or finance background, and runs around 25 to 30 minutes across six modules in three sections.You no longer need a separate account or a separate app for stocks. As Binance builds toward "All Finance on Binance," stocks sit alongside the crypto pairs you already trade, whether it’s direct equities, TradFi perpetuals, or bStocks.However, stocks come with their own mechanics and vocabulary. To bridge that gap, Binance Academy is launching a free course titled Understanding Stocks: From Shares to Markets on September 30. It starts with what a share actually represents, then works up to where stocks trade, what you own as a shareholder, what moves prices, and how risk is managed.Do You Need Prior Experience?No investing or finance experience is needed. Concepts are introduced in plain language and built step by step, and the focus stays on ideas rather than the rules of any single country or platform. Crypto users who already trade but have never studied traditional equity markets may find it useful for connecting the two worlds.What You Will LearnThe course is divided into three sections and includes six modules. Each module is approximately four to five minutes, with a total course duration of around 25 to 30 minutes. By the end of the course, you'll be able to:Understand What a Stock Really IsExplain what owning a share represents, what benefits it can bring through capital gains and dividends, and what rights it may carry. Learn why companies issue shares in the first place, how debt and equity funding differ, and what happens during an initial public offering (IPO).Navigate Exchanges, Brokers, and OrdersDescribe what stock exchanges do, why most people trade through a broker, and how market, limit, and stop orders work. Look at what owning shares involves in practice: from commissions and the bid-ask spread to dividends, stock splits, buybacks, settlement, and market hours.Interpret a Stock Quote and What Moves PricesRead a basic stock quote, including the ticker, bid, ask, spread, and volume. Explore the forces behind price movements, from supply and demand and company performance to the wider conditions that shape market sentiment.Approach Investing With Risk in MindRecognize the difference between investing and trading, and what risk management means in practice. Explore how products like index funds and ETFs, strategies like diversification, and a longer time horizon can all help manage risk.Final ThoughtsWith Binance, you already have access to stocks in the same place you trade crypto. What turns access into informed decisions is knowing what a share represents, how its market behaves, and where the risks sit. That’s exactly what Understanding Stocks: From Shares to Markets is built to cover. Start the course on Binance Academy today.Further ReadingFrom TradFi to Crypto: Learn on Binance Academy TodayLearn Crypto Risk Management – Protect Your Crypto with Binance AcademyBinance’s Multi-Asset Depth by the NumbersDisclaimer: Products referred to above may not be available in your jurisdiction. This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.Nest Trading Limited acts as your introducing broker and routes your orders for Securities to its clearing broker partner, Alpaca Securities LLC, for execution, clearing, settlement and custody. Binance does not handle or custody your Securities. Securities are subject to high market and liquidity risk and price volatility (particularly outside traditional market hours). The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. Binance may receive payment for order flow remuneration for directing your orders. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Securities Trading Product Terms and Risk Warning.

Main TakeawaysFrom Vietnam’s VietQR to Japan’s PayPay, Binance Pay is integrating with national QR payment infrastructures across Asia’s top travel corridors.Active tourist users on Binance Pay grew 20% between July and August 2026, a sign that seamless crypto-to-local-currency payments are resonating with travelers.Tourists visiting Japan can now pay directly with crypto at millions of PayPay-supported locations nationwide, without the need to exchange JPY beforehand.Paying by QR code is second nature across much of Asia, whether you’re grabbing coffee in Hanoi or picking up groceries in Tokyo. Binance Pay lets tourist users spend crypto directly from their Binance balance and has spent the past year tying into that everyday habit, connecting directly with national QR systems so travelers can pay with crypto the same way locals already pay with QR codes, cash or cards.That reach now extends to Japan, through a new integration with PayPay, one of the country’s most widely used payment platforms. What follows is the story of how that network came together, what it means to pay like a local, and where Binance Pay is headed next.Connecting to National QR Infrastructure Across APACFrom Vietnam’s VietQR to Japan’s PayPay, Binance Pay is integrating with national QR payment infrastructures across Asia's top travel corridors. Each integration works the same way: no new app to download, no separate wallet to fund, just a scan via Binance Pay at merchants travelers already visit.How the Network WorksMany countries already run their own national or bank-backed QR standard, the system a local resident uses every day to pay for coffee, groceries, or a taxi. Rather than building a separate payment network from scratch, Binance Pay plugs directly into these existing standards. Merchants keep the QR code they already display. Travelers just need the Binance app and a crypto balance. There’s no need for a local bank account, new hardware, or a separate wallet.One traveler told us what that looks like in practice while visiting Vietnam: as a foreign tourist, they don’t need to exchange currency or carry cash. They simply scanned with Binance Pay and paid using stablecoins, such as USDT or USDC, or other tokens such as BTC, BNB, or ETH. Transactions are settled at real-time exchange rates. On the merchant side, the shop owner received local currency directly, making the experience seamless on both sides.Active tourist users on Binance Pay grew 20% between July and August 2026, a sign that seamless crypto-to-local-currency payments are resonating with travelers. Ask any of them why and the reasons tend to be the same: small, practical conveniences that add up to a much easier trip. One app, multiple countries. The same Binance Pay experience whether you’re in Hanoi or Tokyo.No currency exchange needed. Pay in crypto, the merchant receives local fiat.No gas fees. Real-time FX conversion at live rates.Japan’s PayPay Network Joins Binance Pay for TouristsThat same seamless experience now comes to Japan, one of Asia’s most-visited destinations, with millions of PayPay-supported locations nationwide. Through this integration, tourists can scan a PayPay merchant’s QR code, or present their own payment code for the merchant to scan, and pay directly with crypto from their Binance account balance. There’s no need to exchange JPY beforehand.The benefits carry over from the rest of the network: a convenient, familiar payment experience, real-time FX conversion at the point of payment, and broad coverage across PayPay’s million-plus locations, including convenience stores, restaurants, and more.Picture landing in Tokyo after a long flight. A quick stop at a convenience store for water and snacks, and PayPay’s QR code is right there at the register. Open Binance Pay, scan, and it’s done, with no detour, cash or conversion to think about.Note: This PayPay QR payment feature is exclusively visible and available for tourists visiting Japan, who have completed Binance’s identity verification process. It is not available to residents of Japan. How to Pay at PayPay MerchantsThe PayPay QR feature is built directly into the Binance app, so there’s nothing extra to download or set up. Once you’re at checkout, payment takes just a few taps, with the same speed and convenience you’d expect from tapping a card or opening a local wallet app. Here’s exactly how it works:Open the Binance App and tap the [Pay] icon.Tap the [PayPay] icon.Present your PayPay payment code: show your code in the Binance App and let the merchant scan it.Confirm and complete the payment. Your crypto is automatically converted to JPY at the point of payment.In some PayPay-supported local shops, you can also scan the merchant’s PayPay QR code then enter the payment amount to complete the transaction. To learn more about step-by-step instructions, please refer to our detailed guide: How to pay with Binance Pay at a PayPay merchant in Japan as a visitor.What’s Next for QR PaymentsJapan is the latest stop, not the last one. Binance Pay’s next phase focuses on deepening coverage across APAC, while exploring other regions where QR payments are already part of everyday life with strong tourist traffic. The same conditions that made Vietnam and Japan such natural fits.The idea is simple: go where QR is already how people pay, so crypto fits into a habit travelers and merchants already know. A year ago, this network didn’t exist. Today, it spans some of Asia’s busiest travel corridors.Paying abroad should feel as familiar as paying at home, with the phone you already carry. That’s what Binance Pay is building, one trip at a time.Further ReadingBinance Pay to Expand Crypto QR Payments to 10+ Countries by Q3 2026Binance Pay: Scan QR Codes to Pay Like a Local Across 7 CountriesBinance Pay is Now Live Across 3,700+ Merchants in BhutanRisk Warning/Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Past performance is not a reliable predictor of future performance. Before trading, please take into consideration your level of experience, purchase objectives, and seek independent financial advice, if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on your individual circumstances. Please fund your wallet and perform your transactions cautiously. Not financial advice. For more information, see our Terms of Use, Binance Pay Terms of Use and Risk Warning.PayPay, VietQR, and QR Ph are trademarks of their respective owners. Binance is not affiliated with or endorsed by these entities unless expressly stated.The products and services referred to here may not be available in your region.

Main TakeawaysAccess remains a challenge to financial inclusion, particularly when geography, infrastructure, or other practical hurdles limit participation in global financial markets.Traditional markets can be especially difficult to reach across borders, as users often have to navigate account requirements, international transfers, currency conversion, and minimum entry amounts.Binance helps reduce these barriers by bringing crypto and a growing range of traditional-market products and tools into one ecosystem, giving eligible users broader access to global financial markets.Access to global financial markets can come with different barriers. For some users, it starts with awareness: crypto can introduce them to new asset classes and spark an interest in traditional markets. For others, access is shaped by where they live and the practical hurdles involved in reaching markets abroad, from account requirements to currency conversion.As users look across a wider range of assets, the ease of getting to them starts to matter as much as the assets themselves. Binance brings crypto and traditional-market products into the same ecosystem, giving eligible users more ways to explore and manage them through a platform they already use. To show what this looks like in practice, we spoke with three Binance users about these dimensions of access and how Binance is helping address them.Crypto as a Gateway to New MarketsWhen Binance user Obioma first entered crypto five years ago, his approach was driven largely by quantity. He preferred owning millions of units of lower-priced tokens over smaller amounts of more established assets. Experience changed that. Today, he still trades altcoins, but with a clearer purpose: he uses profits to gradually build his holdings of BTC, ETH, and BNB as he works toward his financial goals. Along the way, crypto introduced him to markets he had not previously considered.“I got to know about stocks and ETFs through crypto,” Obioma said. “I wanted to own shares of big companies like Amazon and Google.” He now sees stocks and ETFs as another way to work toward his goals, alongside his focus on major crypto assets.Binance has also played a role in his progress. Obioma says the opportunities he has found through the platform have already helped him achieve some of his goals and given him greater confidence in working toward the next ones. His experience shows how a journey that starts with crypto can expand over time, into new assets, markets, and financial goals.Expanding Access Across BordersTwo Binance users from Southeast Asia, David and SignalX, already had experience with local stocks alongside crypto. Both were interested in U.S. equities, but traditional routes involved overseas accounts, international transfers, currency conversion, and additional fees.That changed when they gained price exposure to U.S. equities through Binance. Instead of setting up a separate brokerage relationship, they could add exposure to a new asset class through the same ecosystem they already used for crypto. David, for example, could gain price exposure to companies such as Tesla without transferring funds to another platform.David started with Tesla and has since looked to companies such as Amazon and Google. SignalX chose NVIDIA, adding exposure to U.S. equities alongside his existing crypto and local stock holdings. For both, Binance provided a more direct route to assets they had previously found difficult to reach from their home region.Reducing barriers like these can help advance financial inclusion. As Binance expands the range of assets and tools available to eligible users, it is creating more ways for them to participate in global financial markets.Lowering Barriers to Global MarketsBinance’s goal is to make global financial markets more accessible by reducing barriers across the user journey, from getting started and funding an account to reaching new asset classes and managing them in one place. Four barriers come up most often: the cost of entry, how to fund an account, what can actually be accessed, and whether it all fits in one place.The entry barrier: Can I afford to start? Buying an asset does not always require purchasing a full unit. Crypto can be bought in small amounts, while Binance Direct Stocks offers eligible users fractional shares of eligible stocks starting from $5. bStocks similarly provide eligible users fractional access to selected tokenized securities. The result is that a small starting amount is enough to begin.The funding barrier: How do I get my money there? Entering a new market can mean moving funds between platforms or converting currencies first. Binance supports different funding routes across its products. With Direct Stocks, for example, supported balances such as USDT or BNB can be converted as part of the purchase process. For crypto users, this provides a more direct route from existing digital-asset holdings into eligible traditional-market products.The market access barrier: What can I actually access? Binance Direct Stocks offers eligible users more than 7,000 U.S.-listed stocks and ETFs. bStocks provide 1:1 backed tokenized exposure to selected securities, while TradFi perpetual contracts cover equities, commodities, and ETF indices without ownership of the underlying asset. The products also offer different trading models, including up to 24/5 access for Direct Stocks and 24/7 trading for bStocks. The fragmentation barrier: Do I need another platform?These products sit alongside Binance’s existing crypto offering, allowing eligible users to manage a broader mix of digital and traditional assets within the same ecosystem, rather than across multiple platforms. The result is a wider range of ways to enter, fund, and take part in global markets, with users choosing the products that fit their needs.Final ThoughtsBinance is evolving beyond crypto toward a platform that brings more of finance into one place. The goal is simple: give users access to a broader range of markets and tools, and make the experience as straightforward as possible.Access is central to that vision. Users may be discovering a new asset class, reaching a market that was previously out of reach, or simply looking to manage more of their financial lives in one place. Binance is building toward a more connected financial experience, while leaving users in control of how they use it. That’s the idea behind all finance on Binance: more markets, one ecosystem, and users choosing what works for them.Further ReadingNvidia’s Earnings After Hours: How Binance Users Traded While Wall Street Was ClosedWhat Binance’s Direct Stocks Mean for Everyday InvestorsIntroducing bStocks – Trade and Hold Tokenized 1:1 U.S. Stocks on BinanceDisclaimer: Products mentioned above may not be available in your jurisdiction. Nest Trading Limited acts as your introducing broker and routes your orders for Securities to its clearing broker partner, Alpaca Securities LLC, for execution, clearing, settlement and custody. Binance does not handle or custody your Securities. Securities are subject to high market and liquidity risk and price volatility (particularly outside traditional market hours). The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. Binance may receive payment for order flow remuneration for directing your orders. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Securities Trading Product Terms and Risk Warning.bStocks tokenized securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading tokenized securities is lawful in your jurisdiction before proceeding. Accessing this product from a jurisdiction in which it is prohibited or restricted does not create any liability or obligation on the part of Binance. We may restrict, suspend, reject, cancel, or unwind access or transactions if we determine, in our sole discretion, that your access or transaction may breach applicable law, product restrictions, eligibility criteria, sanctions requirements, or the relevant offering documents. Tokenized securities may be held and transferred on-chain outside the CSD environment. The transfer of tokenized securities back into the CSD environment is subject to conditions and you may be unable to trade, redeem or otherwise deal with the tokenized securities within the CSD environment if such conditions are not fulfilled.Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, Contract Specifications and Risk Warning.No information displayed in connection with tokenized securities is intended as an offer, solicitation, promotion, recommendation, or invitation to buy or sell securities in any jurisdiction. tokenized securities are not offered, sold, distributed, made available, or accessible in the United States or to, or for the account or benefit of, U.S. persons. The tokenized securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws and a public offering of bStocks will not be conducted in the United States or any other jurisdiction (other than the ADGM). By accessing this product, you represent and warrant that you are not a U.S. person, are not located in the United States, are not acting for the account or benefit of any U.S. person, and will not access, purchase, sell, transfer, redeem, or otherwise transact in tokenized securities from within the United States. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material should not be construed as financial advice.Any references to specific companies, stock tickers, or securities are for informational and illustrative purposes only. Such references do not constitute a recommendation, endorsement, or solicitation to buy, sell, or hold any security, and should not be construed as an affiliation, sponsorship, or endorsement by, or affiliation with, the companies mentioned. Binance is not affiliated with, sponsored by, or endorsed by any of the companies referenced in this article.For more information, see the Terms of Use, Exchange Rules, Exchange Procedures, relevant Prospectus (if applicable to you and understanding that the offer is only made in ADGM, no public offer is being made elsewhere and viewing the prospectus does not constitute an invitation or solicitation outside ADGM), bStocks Minting and Redemption Product Terms, Admission to Trading Notice and Risk Warning.

Main TakeawaysRegular U.S. equity trading sessions occupy just 19.3% of the week, but several of September’s biggest market-moving events played out in the other 80.7%.On the night the Fed raised rates, around $1.02B traded on Binance while U.S. cash markets were closed, with pricing already in step with the next session.During the U.S. market's weekend closure, more than $7.25B traded across 198 TradFi perpetual contracts on Binance as traders positioned for the S&P DJI’s rebalance.Most people think of the trading week as five business days. But for 80.7% of any given week, the U.S. market is closed. Regular U.S. equity trading runs 9:30 a.m. to 4:00 p.m. ET, about 32.5 hours a week (or 19.3% of the week), yet those hours capture about 87.2% of U.S. equity volume. News, on the other hand, runs around the clock. Looking back at the week of September 15, we saw a rate decision from the Federal Reserve two hours before market close, a tokenized stock framework announced the following night, and, over the weekend, an index reshuffle and Anthropic’s IPO delay. Major events often land outside standard sessions, or right as they’re ending. When that happens, you should be able to react accordingly. On Binance, users traded some of September’s biggest market-moving moments through perpetual contracts that track stocks, ETFs, and pre-IPO markets, whether it was the weekend or right after the closing bell. The figures in this post draw on Binance Research’s recent macro report: Beyond the Closing Bell.The Fed’s Decision After HoursThe Federal Reserve raised rates by 0.25 percentage points on September 16 at 2PM ET, giving Wall Street two hours to react. Trading continued overnight on Binance.Perpetual contracts tracking stocks, bonds, and volatility products repriced accordingly, and by Thursday’s open, roughly $1.02B had traded on Binance while U.S. cash markets were closed. Below is a summary of how some notable names performed during this window.SPYUSDT +1.11%,TMFUSDT (3x long 20Y) +2.45% TBTUSDT (2x short 20Y) -1.32%UVXYUSDT -5.94%By the time U.S. markets reopened, overnight pricing had reflected most of the next session’s opening move. Across the contracts we tracked, the median reflected about 97% of that move, and across 16 names, the overnight move matched the direction of the opening move.The SEC’s Tokenized Stock FrameworkFollowing the failure to advance the CLARITY Act on September 15, the SEC issued its Innovation Exemption – a conditional five-year framework for tokenized stocks – near the U.S. market close on September 17. Crypto-linked names such as Coinbase and Robinhood rallied overnight while the broader market stayed relatively flat. Figure 3: Crypto-linked equities repriced overnight after the SEC Innovation Exemption, September 17, 20:00 UTC to September 18, 13:30 UTC. Source: Binance Research, September 21, 2026This time, overnight pricing overshot the opening move by around 40% on median. Direction still carried into Friday’s session, when COIN rose 8.7% and MSTR 12.5%.Trading the S&P DJI Reshuffle Over the WeekendFor many traders, weekends are a two-day window with zero exposure to the market. On Binance, that window stayed open. Over the weekend, the S&P DJI had its quarterly reshuffle ahead of Monday’s open, adding new companies and rebalancing index weights. Notably, more than $7.25B changed hands across 198 TradFi perpetuals on Binance. Price moves around the reshuffle were relatively modest. Unlike a rate increase or a new policy announcement, this was a known event. The practical point is that traders could adjust their exposure through the weekend instead of waiting for Monday’s open.Anthropic’s Pre-IPO PerpetualWhile Anthropic is a private company with no public shares, eligible traders can gain price exposure through a pre-IPO perpetual contract on Binance. This means you can take a view on the company before it goes public. Over the weekend, the Wall Street Journal reported that Anthropic’s IPO was postponed to November. The pre-IPO perpetual fell only 0.89% despite the headline, as the delay was partly anticipated. Trading a pre-IPO perp does not confer ownership of private shares or an entitlement to an IPO allocation. Conduct your own research before investing in perpetual contracts.Final ThoughtsThe common thread across this week’s events is timing. Major decisions and headlines often land outside standard market hours. With an always-on market, investors can react sooner, adjust exposure, and manage risk without waiting for the next opening bell.TradFi and pre-IPO perpetuals give eligible Binance users one of many ways to express views across equities, ETFs, and company-specific events through the rest of the week – the other 80.7%. This also reflects a broader shift toward more continuous trading and more price discovery happening outside traditional sessions. As that trend continues, the key question will be how traders choose to manage exposure, liquidity, and risk across a longer trading week.Further ReadingTradFi Perpetuals on Binance – Trade Commodities and Stocks 24/7How Binance is Building a Multi-Asset Super AppIPOs Are Moving On Chain and Here's What That Actually MeansDisclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. TradFi Perps are subject to high market risk and price volatility (particularly outside traditional market hours). You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. TradFi Perps do not represent ownership of the relevant underlying asset. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Exchange Rules, Clearing Rules, Exchange Procedures, Clearing Procedures, Contract Specifications and Risk Warning.

Main TakeawaysA fake payment scam sends you a counterfeit token that copies a well-known crypto's name and logo, so it looks like a genuine payment.The counterfeit token is usually self-launched with thin liquidity, so it collapses to near zero once the scammer sells, leaving you holding tokens you cannot sell or convert to fiat.Verify the token’s network and contract address against the genuine asset, not just its name or logo. Your own check is the main safeguard, and wallet warnings are a prompt to look again.Imagine you’re selling something. A buyer says they'll pay in a well-known cryptocurrency, and a token with the right name, logo, and dollar value lands in your wallet. You hand over the goods, believing you've been paid. Later, you try to swap the token and discover it was a worthless counterfeit.This is the fake payment scam. In this blog, we'll break down exactly how it works, walk through a real-life example, show you how to stay safe, and explain what to do if you think you've been caught up in one.What Is a Fake Payment Scam?A fake payment scam is when a scammer convinces you to accept crypto as payment, then sends you a token that looks like a well-known cryptocurrency, such as USDT or BTC. It carries a familiar name, a recognizable logo, and a displayed dollar value, all designed to convince you that the payment is genuine and has been cleared.The token, however, is not the real thing. It’s almost always a self-launched token that the scammer created and deployed themselves, most often through a meme token launchpad, because it’s fast and cheap.The scammer holds the vast majority of the supply and seeds the token with a thin liquidity pool of roughly $2,000–$5,000. Once you release your goods or services, the scammer dumps their entire supply into the pool. With liquidity that shallow, the sale drains nearly all the real USDT or BTC, leaving behind a wildly imbalanced pair: a huge pile of worthless tokens against almost no actual asset. The token’s value collapses to near zero, and you are left holding tokens you cannot sell.Figure 1: How Fake Payment Scams WorkHow Do Scammers Choose Victims?Scammers often monitor both on-chain and real-world activity, looking for people selling goods or services on social media, messaging apps, or online marketplaces – from game items and virtual currency to freelance work and physical products. They also send fake tokens disguised as investment returns. They deliberately target those who are new to crypto or unfamiliar with how it works, testing their knowledge first and pushing crypto payment only when they believe the victim won't verify it properly. They then create urgency to rush delivery.Real-Life Example: Fake BNB TokenIn this example, the victim sold his TikTok account for 0.9 BNB. When he later tried to cash out, he discovered that the BNB sent to his wallet was fake: a look-alike token that could not be swapped or withdrawn.Figure 2: Example of a Fake Payment ScamHow to Stay SafeBefore you accept crypto, make sure you know exactly what you are supposed to receive. Verify in advance:The blockchain network (Ethereum, BNB Smart Chain, or other)The official contract address, where applicableThe token name and symbolThe exact amount agreedOnce payment arrives, check it against these details.Checklist to Avoid Fake Payment ScamsBefore releasing anything of value, review the payment carefully.1. Confirm the networkThe same token name can exist on multiple networks. Make sure the payment has arrived on the network you agreed on.2. Verify the full contract addressNever trust the name, symbol, or logo. Compare the token's contract address against the official one from a trusted source, such as the issuer's website or a reputable exchange listing.3. Verify the real value and whether you can cash outA wallet's displayed dollar value can be misleading. If you plan to convert to fiat, confirm the token can actually be exchanged at the value you expect, as a token may look tradable at the time, but then become impossible to sell.4. Watch for pressure tacticsPressure tactics include but are not limited to: pressuring you to deliver quickly, pushing you to rely on screenshots or their word instead of verifying, and telling you to ignore wallet warnings. If anything feels rushed or unclear, pause and verify. A legitimate buyer will not object to basic payment verification.5. Treat wallet warnings as extra informationWallet warnings help flag suspicious or malicious tokens when the available data supports it. If you receive one, pause and check again, as it's highly likely that the token is fake. Warnings are an extra layer of protection, but they’re not infallible. Keep watching for the other signs above.Figure 3: Example of Wallet WarningWhat If You Receive a Suspicious Token?If you’re unsure about a token:Do not release the goods or servicesDo not approve the token for spendingSave the token contract address and transaction hashContact your wallet provider through an official support channelDo not send the token to anyone else, since it could expose them to the same scamFinal ThoughtsFake payment scams work because the counterfeit token looks like the real thing. The safest approach is simple: do your due diligence before accepting crypto as payment, and before releasing anything of value. Wallet protections can help, but they’re only an added layer of defense. Your own review of the received token should always remain the primary safeguard. Explore our Security Series to stay ahead of the latest scams.Further ReadingUnderstanding Honeypot Scams – How They Work, and What to Watch Out ForRug Pulls – What They Are and How to Spot the Warning SignsBinance Wallet Security Center Prevents $540M in Potential Losses in H1 2026Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use, Binance Pay Terms of Use and Risk Warning.

Main TakeawaysHolding several markets in one account makes capital work harder, since collateral goes further and rotating between exposures takes moments rather than days.Binance's reported figures show meaningful depth in five asset classes, not just one: spot, derivatives, TradFi perpetuals, tokenized equities, and direct equities.The pattern points to inputs that support every market: liquidity, reach, and the operational base to run all of it at once.Participating in more than one market has usually meant holding more than one account. Digital assets in one place, equities in another, derivatives somewhere else again, each with its own funding, onboarding, and idle balances.When several markets settle against a single balance, collateral works harder and rotating between exposures takes moments rather than days. And where access to global brokerages is limited, consolidation can make these markets easier to reach.This is the idea behind the financial super app we're building at Binance: one place to hold, trade, and allocate across markets, with each asset class supported by genuine liquidity, dependable settlement, and controls appropriate to it.This article sets out reported figures across Binance’s spot, derivatives, TradFi perp, tokenized equity, and direct equity products, drawing on both independent market data and Binance’s own figures.What Breadth RequiresBreadth means a user can trade different classes of assets on one platform and find a working market in each. Each asset class added brings its own requirements. Liquidity has to be built market by market: depth in bitcoin, for example, does not carry over to tokenized equities or index perps. Reserves have to cover a wider mix of assets, with the transparency users and counterparties expect. And compliance obligations multiply once less straightforward assets such as equity-linked and tokenized products are offered. Together, these are the base requirements for a functional financial super app.Spot Markets: Depth and ConsistencySpot markets are a good test of underlying depth. Kaiko’s 2026 Q2 liquidity scores place Binance highest among the top exchanges assessed. This reflects order book depth, which in turn shapes execution costs, as a narrower spread and deeper book mean less slippage on larger orders.Volume figures point the same way. Binance leads year-to-date spot BTC volume by roughly 2.5x over the next centralized exchange, and by more than the next four combined. It also held the leading position in daily spot BTC volume continuously from April through August, rather than in isolated bursts around individual market events.Depth and volume reinforce one another: deeper books attract larger orders, and larger flow supports tighter pricing. Held steady over months, that depth gives market makers something reliable to quote against. This means a new market can open with established market makers already connected, ready to build depth from launch.Derivatives: Growth With Lower Average LeverageBinance’s share of total futures volume moved from 38.3% to 43.9% year-to-date through August. In BTC perpetual futures, it accounted for over a quarter of year-to-date volume across the top exchanges, and its share of open interest rose above 30% through Q3.Rising volume and open interest can come from genuine liquidity or from a build-up of leveraged positions. However, with average leverage sitting at roughly 0.2x – among the lowest of major exchanges – it points to the growth appearing to be driven by capital rather than borrowing, which is less prone to cascading liquidations when prices move sharply.Beyond CryptoNon-crypto markets are where the case for carrying strengths across markets gets tested. Equity assets under management on Binance passed $1 billion, crossing that threshold in early August alongside a revival in weekly inflows. Across TradFi perps, bStocks, and direct equities, adoption has grown at an average of about 15% week-over-week.Notably, more than 90% of TradFi product users are based in emerging markets, where access to global equity exposure is often limited by account minimums or local brokerage infrastructure. Most are also net buyers on these products, which points to allocation rather than short-term turnover.Direct EquitiesDirect equities let users hold stocks and ETFs alongside their crypto, from the same balance. Volumes have increased every month since June and now sit at roughly 1.3x their June level. Steady month-on-month growth, rather than a single spike, points to sustained demand and not a one-off launch effect.TradFi PerpsTradFi perpetual volumes across the market roughly tripled from January through August, stepping from around $60 billion weekly early in the year to over $200 billion a week by August. Over the same period, Binance regularly cleared more than $100 billion a week and held above 50% share.Holding share while a market triples is harder than holding it in a steady one, since fast growth brings in new participants and new venues competing for the same flow. Keeping more than half of a market that size means the depth held up as volumes scaled: the books absorbed three times the flow without users trading elsewhere for better pricing.In ETF-linked perps, volume on Binance has cumulatively passed $200 billion, or roughly 70% of the total market. At that concentration, Binance is effectively where price discovery for these instruments happens, which is what gives users the tightest spreads and the ability to size positions without moving the market.Tokenized Equities: bStocksbStocks passed $500 million in market capitalization within two months of launch and has generated more than $8 billion in cumulative trading volume, with daily volume peaking at $394 million in July.Beyond the volume, one characteristic stands out: liquidity holds up outside traditional market hours, with 08:00–11:00 UTC as the most active window. For users, particularly in Asian time zones, that means equity exposure they can trade while awake, in the size they choose, from the same balance as the rest of their portfolio. The concentration of activity outside US market hours suggests this answers a real need rather than a novelty.Sustaining that liquidity is the harder part of tokenizing equities, since the underlying market closes while demand does not. Keeping books deep through those hours takes continuous market maker coverage and pricing that holds without a live reference market.Agent OS, the Access LayerBreadth is only useful if access scales with it. A financial super app that spans five asset classes but has to be checked five different ways has not removed much friction. Agent OS brings AI tooling directly into the Binance environment, letting users manage a whole portfolio through one interface, with live candlestick data, positions, account information, and real-time prices in one place. Demand is evident: MCP connections doubled and daily call volume grew 20x in its first week, with nearly half of active users making at least 20 requests in a single day. Daily call volume has since passed 200,000.Final ThoughtsThe figures build on each other. Reserves and compliance give Binance the base to operate at scale. That base shows up as real depth in spot markets, on both liquidity and volume. That depth carries into derivatives, where share has grown without leverage rising with it. And the same pattern appears in markets that are not crypto at all – TradFi perps, ETF perps, tokenized equities, and direct equities – several built from nothing within months. On the numbers so far, Binance is leading across five different asset classes. That points to liquidity, reach, and the capacity to run all of it at once: a multi-asset leader, and a financial super app. Welcome to all finance on Binance.Further ReadingHow Binance is Connecting AI Agents to the Financial Super App ExperienceWelcome to The New Era of Trading: Trade Direct Stocks and ETFs on BinanceInside the Numbers Behind Binance’s Financial Super AppDisclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. The products and services referred to above may not be available in your jurisdiction. This article should not be construed as a solicitation or invitation to trade or act in any way. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use, Binance Pay Terms of Use and Risk Warning.