Main TakeawaysIn March 2024, our Binance teams processed 569 proposed new ideas shared by our user community via the Feature Request & Feedback Board.This resulted in crucial updates significantly enhancing user experiences across a variety of product lines, including futures and margin trading, copy trading and Binance Square,Keep an eye on our official social media platforms for weekly updates on the newest product features from Binance under the hashtag #BinanceBuild.This is a general announcement. Products and services mentioned here may not be available in your region.Welcome to our third #BinanceBuild update of 2024 — showcasing the recent improvements made to the Binance ecosystem during the month of March. Our progress is recognized not only by the big feature updates but also the more nuanced refinements, many inspired directly from your suggestions via our Feature Request & Feedback Board.In this current version, we introduce a variety of fresh updates that have emerged directly from your proposals, highlighting our relentless commitment to evolve your Binance experience into one that's more user-centric, efficient, and rewarding.Increase Capital Efficiency with Portfolio MarginEarlier this month, Binance extended its Portfolio Margin solution to regular users who meet certain criteria, broadening access to a deeper pool of advanced traders looking to streamline their margin and futures trading needs.Portfolio Margin Portfolio Margin is a unified wallet consolidating USDⓈ-M Futures, COIN-M Futures and Cross Margin balances in one place. Once activated, eligible users can trade with upwards of 360 supported collateral assets — the widest supported list in the industry — from USDⓈ-M Futures, COIN-M Futures, and/or Cross Margin balances as one joint collateral. This streamlined system opens up much more flexibility in users’ trading strategies while offering a more comprehensive assessment of their overall exposure.Portfolio Margin PNL PagePortfolio Margin features its own Profit and Loss (PNL) page with detailed visual breakdowns packaged into a comprehensive, single-dashboard view.Keeping It Private with Binance Copy TradingPrivate PortfoliosThe introduction of Private Portfolios allows Lead Traders to build personal investment portfolios, access to which is exclusive to those copiers who are privileged with an invitation code. Uniquely, Lead Traders can manage both their private and public portfolios concurrently, ensuring a versatile trading environment.Binance Square: Improved NavigationCoin & Cashtag DetectionWe've refined the Binance Square system to introduce an automatic identification feature. Now, whenever a coin is referenced in creator posts, it will be tagged automatically. Moreover, these mentioned coins will come equipped with an embedded link, navigating users directly to the token's trading page. General Updates: A Streamlined Journey These upgrades are intended to simplify your user experience, provide enhanced transparency, and elevate the overall accessibility of our platform. Let's dive in:Add Multiple Wallet Addresses in One GoSkip the tedious, singular entry system. Streamline your "Address Management" with our new feature facilitating the simultaneous addition of multiple addresses. Our reimagined UI ensures this process is seamless for wallets from all networks.Refined Assets Overview Page with CoinViewThe CoinView feature is designed to provide an interactive dropdown list for each of your token holdings. This allows for easy tracking of your balance allocation across a diverse range of Binance products. Delivering an all-encompassing view of your assets, CoinView promotes efficient asset management.Increased Visibility for Launchpad TokensFind your newly acquired launchpad tokens effortlessly in your wallet, clearly marked with a "Launchpad" tag next to the ticker. These tokens remain visible irrespective of the "hide small asset" filter being applied — even before the token commences trading.Kline Price AlertsUpdated for your convenience, alerts created on the Kline Charts can now be displayed across both mobile and web app charts. In addition, adjusting your alert settings and parameters has never been easier. Simply drag and drop to your active alerts to your new desired price level. Other Features Released in MarchDrag & Drop Open Orders: We have added a feature enabling users to modify open orders via drag & drop directly on the kline charts — TP/SL and more! Kline Area Charts: The introduction of the Area Chart type makes for a total of 4 different chart types to choose from when displaying price action.Browse through Copy Trading Portfolios: Similar to a digital matchmaking experience, effortlessly swipe through an array of available portfolios tailored for copiers. Swipe right to bookmark your favorites, and swipe left to bypass!Enhanced 2FA Risk Engine: The newly updated risk engine is set to freeze all withdrawals and P2P transactions for 24 hours whenever any passkeys are removed from a users’ account. Building Together: A Look AheadAs we wrap up this edition of #BinanceBuild, it's clear that the enhancements showcased are more than routine updates; they resonate with our pledge to elevate your user experience. Each update signifies a significant stride in our voyage through the domain of finance and crypto. Bear in mind, it is your feedback that catalyzes our innovation, and jointly, we shape a more intuitive ecosystem. Further ReadingExpanding Portfolio Margin to Non-VIP UsersHow to Make Your Bitcoin Work for You With Binance EarnAbove and Beyond for Users: Upholding Ecosystem Integrity#BinanceBuild Feb 2024: Feedback RoundupDisclaimer: 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 TakeawaysFollowing the earlier issuance of an MVP license in July 2023, Binance FZE has received a VASP license from Dubai’s regulatory authorities. This achievement marks a significant milestone for Binance’s mission of nurturing the future of digital assets.With the VASP license, Binance can extend its product offerings in the UAE not only to qualified and institutional investors but also to the retail market. This includes access to a wider range of digital asset services such as spot trading, lending and borrowing, and staking.Qualified users will get access to margin and derivatives products such as futures and options trading. The acquisition of the VASP license underscores Binance’s commitment to innovation in the global financial landscape while ensuring transparency, regulatory compliance, and open access to the benefits of blockchain technology.We are proud to announce that Binance FZE, our Dubai subsidiary, has received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). Following the initial issuance of the Minimum Viable Product (MVP) license in July 2023, this marks a significant milestone for Binance and the global virtual asset landscape. The transition from an MVP to a VASP license allows Binance FZE to extend its product offerings to the retail market alongside qualified and institutional investors. Individual customers can now access a broad range of digital asset products and services, including spot trading, margin trading, and staking – the widest array of regulated virtual asset services available not only in the UAE but also in the entire world.Illuminating New PossibilitiesUpon initiating operations under the new VASP license, Binance FZE will significantly increase its current offerings beyond spot trading and fiat services. Rather than simply expand the token selection, users can look forward to a greater variety of exchange services. This landmark global license paves the way for all UAE customers to utilize a regulated platform for a full spectrum of virtual asset products and services.As Binance FZE General Manager Alex Chehade says, “This is a major milestone that validates our commitment to providing secure, compliant, and top-tier services to our users globally. It underlines Dubai’s position as a forward-thinking city, acknowledging and embracing the financial potential that blockchain technology brings.”Diversified OfferingsFor users seeking passive income opportunities, Binance FZE will offer tailored services specifically for this purpose, such as Simple Earn. Enhancing the scope of investment strategies available, it will also introduce new options through its lending and borrowing services, including virtual asset loans. Additionally, management and investment services will enable users to leverage features such as ETH staking, BNB Vault, and Launchpool to amplify the earning potential of their digital assets.Emphasizing diverse trading services, the license will allow qualified and institutional investors to engage in margin and derivatives services, including futures and options. Currently, these offerings are restricted to those that meet the investor criteria.As Richard Teng, Binance’s CEO, says, “The acquisition of the distinguished VASP license doesn’t merely underline but conclusively proves our steadfast commitment to revolutionizing the future of finance. Our attainment of this milestone stands as a solid affirmation of our continued drive for transparency, regulatory compliance, and responsible growth in the ever-expanding digital asset sphere. It’s a thrilling prospect to extend further access to the transformative economic benefits of blockchain technology to our users in the UAE.”Committed to GrowthThe acquisition of the VASP license for Binance FZE is more than just a noteworthy achievement; it's a testament to our unwavering pursuit of financial innovation, compliance, and global reach. Backed by this prestigious license, we stand poised to transform the digital asset landscape in Dubai and beyond, opening access to a broad, diversified range of virtual asset products and services. With a firm commitment to growing our reach while ensuring user security and regulatory compliance, we are excited to provide new possibilities for individual and institutional investors alike. This bold stride reinforces our promise to create a secure, regulated space that builds upon the immense potential of blockchain technology. As we venture forward, we do so with a vision for a more inclusive, transparent, and robust financial future for all.Further ReadingLicenses, Registrations, and Other Legal MattersBinance Becomes the First Fully Licensed Crypto Exchange in El SalvadorGulf Binance Secures Digital Asset Operator Licenses in ThailandDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment can 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.

The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established in 2018 to protect Binance users in extreme situations and it has remained an important part of what sets us apart from other exchanges. Over the years, we’ve continued to monitor SAFU’s size, maintaining the balance at a level adequate to safeguard our users. Although it has fluctuated, this level is typically set at $1B.SAFU continues to be a core part of our responsibility to the ecosystem, and we continue to evolve to meet market conditions head-on. Today, we are transferring 100% of SAFU’s assets to USDC. Making use of a trusted, audited, and transparent stablecoin for SAFU further enhances its reliability and ensures it remains stable at $1B.SAFU funds are now visible at the following USDC address: 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa.

Main TakeawaysBinance Academy has collaborated with prestigious European educational institutions to launch a series of university-accredited courses covering key disciplines and topics of blockchain and Web3, thus broadening the reach of high-quality blockchain education.The universities involved in this partnership include Prague University of Economics and Business, the European Business University in Luxembourg, and ESCP Business School. Renowned professors teaching blockchain and Web3 courses participated in designing and recording the material.The course fees have been set at an accessible price to ensure maximum reach, with co-branded certificates awarded upon course completion.Binance Academy, the crypto learning hub of Binance, has partnered with leading European educational institutions to launch a series of paid university-accredited courses. Their curricula will cover key topics and disciplines of blockchain and Web3, offering learners a deep understanding of the digital-asset space. By offering these programs together with renowned business schools across Europe and engaging reputed academics, Binance Academy is hoping to massively expand the reach of its educational efforts and help even more students learn about blockchain technology. The university partners are Prague University of Economics and Business (VŠE), the European Business University (EBU) in Luxembourg, and ESCP Business School, which has various locations across Europe, including Madrid and Turin.From Fundamentals to Advanced SolutionsThe courses have been designed and recorded in partnership with professors already teaching crypto and blockchain-related courses on European university campuses.The 4-week course at Prague University of Economics and Business (VŠE), Digital Assets and Blockchain Industry, was designed in partnership with Dr. Jakub Jedlinský and researcher Kareem Abdallah. It focuses on topics like Bitcoin, the emergence and evolution of the crypto industry, insights into crypto’s current and future state, as well as the utility of cryptocurrencies and their effects on financial systems. The course offered in partnership with Luxembourg’s European Business University (EBU) was designed alongside the University’s President and Academic Dean, Dr. James Mulli. Throughout 7 weeks of study, Blockchain and P2P Fundamentals will cover blockchain’s wide-ranging applications across industries, structured into modules like Trading & Mining Digital Cryptocurrencies, Smart Contract Creation, CBDCs & Crypto Regulation, and more. Learners will discover blockchain's practical use cases in sectors ranging from asset management to insurance, cross-border payments, supply chain management, healthcare, and others.ESCP Business School will offer a 4-week program created with Dr. Marcus Schmalbach, professor for Blockchain & AI. The course, titled Blockchain Mastery: From Fundamentals to Advanced Corporate Solutions, will offer participants a holistic overview of the digital assets landscape and their implications for both businesses and investors. Students will explore topics ranging from the inception of Bitcoin to unpacking blockchain consensus mechanisms, decentralized finance (DeFi), tokenomics, and smart contracts.Focus on AccessibilityBinance's main goal in this effort is to ensure the widest possible access to high-quality blockchain knowledge.Binance Co-Founder Yi He said: “We're thrilled to join hands with prestigious European universities in delivering university-accredited Web3 courses. Education plays a pivotal role in advancing adoption and fostering opportunities as these technologies redefine our future and global economic landscape. Our commitment to accessibility aligns with our user-centric principles, driving financial inclusivity and sustainable innovation as we champion growth within the broader ecosystem.”To make the courses accessible to a wide range of learners, the price of enrollment is set at 10 USDT, with a promotional price of 4 USDT at launch. Upon completion of each course, participants will be awarded a co-branded certificate from the university and Binance Academy.Further ReadingBinance Academy Teams Up with BNB Chain to Introduce a Tailored Developer Education ProgramBoosting Financial Literacy and Equality: Binance and WTech Take Web3 Education For Women to the Earthquake ZoneBinance Academy and Blockchain Center to Educate Over a Million Students Globally by 2026

In the digital-asset universe, above all else, this April is the month of the Bitcoin halving. This year’s halving is unprecedented, not only due to the significant advancements in layer-2 solutions and new token standards on the Bitcoin network itself but also because it unfolds against the backdrop of wider developments shaping the crypto landscape in entirely new ways.The inflow of interest and capital from recently approved spot bitcoin ETFs has reshaped the landscape, presenting new opportunities and increased demand. For the first time in the history of Bitcoin, the asset reached its new all-time high before rather than after the halving.The recent surge in Bitcoin use cases, exemplified by innovations such as the rise of inscriptions, signals a broadening of the network’s horizons far beyond its original design. This technology enables users to embed unique data and digital artifacts directly onto the Bitcoin blockchain, thereby injecting a novel dimension into the ecosystem.Here at Binance, we have always been staunch in our belief in Bitcoin's potential to revolutionize not only the concept of currency but the digital realm as a whole. As the halving approaches, I’d like to take the time to reflect on the deeper significance of the original blockchain, as well as highlight the many ways in which, throughout our history, we have supported the Bitcoin ecosystem and facilitated user access to the widest possible range of Bitcoin features and functionalities – and continue doing so today.A History of Embracing Bitcoin InnovationBinance has always recognized the foundational role the Bitcoin ecosystem plays in the broader digital-asset landscape. Since our early years, we’ve made it a point to closely track Bitcoin’s evolution and make sure that our users have the means to get exposure to and benefit from the innovation flourishing in the world of the original cryptocurrency.We are also proud to be contributing to the community by providing avenues for helping secure the Bitcoin network. We improved miner rewards via Binance Pool, launched back in 2020, and democratized access for users without specialized equipment through its Cloud Mining functionality.Binance fully embraced layer-2 solutions designed to help the Bitcoin network scale and expand its capabilities. The Binance exchange has supported Stacks – an L2 powering Bitcoin smart contracts and decentralized applications (DApps) – since 2020, processing hundreds of transactions daily.In July 2023, we added support for the Lightning network, which provides a way around one of Bitcoin’s key limitations and makes BTC suitable for everyday transactions. Today, we host one of the largest Lightning network nodes, providing quality connectivity to major Web3 wallets and centralized exchanges. Every day, Binance users make thousands of Lightning transactions, which get completed in seconds. At the cost of a few cents per transaction, this allows users to make BTC micropayments, which are economically unfeasible on the mainnet.Inscribing FutureThe upcoming halving brings into focus the innovation flourishing on the Bitcoin network. This stage of evolution further extends Bitcoin’s utility beyond currency and store of value, fostering a burgeoning environment for digital collectibles and assets, akin to what we’ve seen in the NFT space. As the Bitcoin blockchain evolves, it has the potential to attract a wider audience — enthusiasts, investors, artists, creators, etc. — each drawn by new opportunities. To support this innovative shift, we’ve been working hard to stay at the forefront, preparing for these developments with a suite of relevant products.The February 2024 introduction of the Inscriptions Marketplace within our Web3 Wallet, along with support for fungible BRC-20 and ARC-20 tokens inscribed on the Bitcoin network, Taproot addresses, and unspent transaction output (UTXO) management, underscores our commitment to supporting the burgeoning Bitcoin ecosystem that has sprung into existence, and providing users with the tools they need to explore these developments. Today, Binance’s Web3 Wallet is among the few multi-chain wallets supporting both ARC-20 and BRC-20 inscriptions.Overall, our Inscriptions Marketplace simplifies trading, minting, and managing inscription assets directly in the Binance App. Key features of the marketplace include support for over 60,000 popular BRC-20 tokens and one-click transfers between the exchange and Web3 Wallet. Navigating the Future With ConfidenceAs we fine-tune our product suite to align with the dynamic pulse of Bitcoin, we will, of course, never neglect the basics: always providing the deepest liquidity and lowest slippage we can, and ensuring optimal BTC trades for all our users.Whatever this historical halving brings, Binance will continue to support the latest developments in the space, providing our users with a convenient, secure, and innovative experience. As the Bitcoin landscape expands and diversifies, we remain focused on our users and helping them ride the wave of digital-asset innovation. After this halving, or the next, we’ll always keep building. Further ReadingA Letter From Our CEO: My First 100 Days Leading BinanceLessons From History: A Retrospective on Bitcoin Halvings and Industry DynamicsDecoding Bitcoin Halving: Understanding the Deflationary Shift

Main TakeawaysIn the first quarter of 2024, Binance amassed over 6.3 million downloads of its mobile app, significantly surpassing other major crypto and fintech platforms.This outstanding performance can be attributed to two main factors: the superior quality of the Binance app itself, and the global consumer trust in the Binance brand, with the platform serving more than 186 million people worldwide.With the app, users have access to a wide variety of Web3 functionalities, including spot and P2P trading, payments, marketplace, Earn products, and much more, all contributing to Binance's position at the helm of the Web3 adoption movement.The second quarter of 2024 is almost here, and crypto is maintaining its strong momentum, with the industry’s key metrics confidently in the green. Among these metrics, the most important ones are those that point to robust adoption and usage trends. Earlier this month, the growing inflows into Binance, which have carried the value of user funds held on the platform over the $100B mark, became a testament to the security and transparency of our user-asset management.Users flocking into the burgeoning digital-asset space have a great variety of service providers to choose from – yet, not all platforms stand to benefit from the auspicious dynamics equally. In 2024, Binance is leading the fintech industry in terms of app downloads, with its mobile application installed over 6.3 million times so far this year. What’s behind this statistic and what does it show about Binance and the state of the crypto industry in 2024?Binance App: Leading the PackAccording to data from digital analytics firm Sensor Tower, during the first three months of 2024, global iOS and Android users downloaded the Binance app more than 6.3 million times. This number tops the downloads of the next competitor by more than 21%. The gap between the leader and other major crypto service providers that ranked number three and below is even wider, with Binance’s figures several times greater than the rest of the pack.Fueled by the general resurgence of crypto markets in the wake of spot bitcoin exchange-traded funds (ETF) approvals in the United States and anticipation of the upcoming Bitcoin halving, the strong performance of the Binance app has two main drivers: the comprehensiveness and ease of use of the application itself, and the trust that consumers globally have in the Binance brand.Two Sources of TrustBuilt on the foundation of Binance’s user-focused culture, our app is designed to make navigating the crypto world a breeze even for newcomers. Everyone, anywhere, no matter how much they know about cryptocurrencies and financial markets, can open a Binance account using our mobile application in a matter of minutes. Once the account is set up and the user’s identity verified, they get access to a one-stop shop for all things Web3: spot and P2P trading, payments, marketplace, Earn products, Binance Square’s social feeds, and our Web3 wallet, among many other functionalities and services, are all at your fingertips.Beyond offering a superior user experience and range of services, the Binance app is the gateway to the world’s leading blockchain ecosystem, trusted by more than 186 million people globally. Offering unmatched liquidity, it enables users to trade across some 1,800 trading pairs and over 400 digital assets.Every day, tens of thousands of people download the Binance app to get access to the world of digital assets. What they get is more than just a convenient vehicle for their exciting Web3 journey – it is a membership in the world’s largest community of financial freedom lovers, built on the principles of responsible growth, security, and trust.With these impressive statistics reflecting robust adoption trends, Binance app's dominance at the beginning of 2024 has established a solid foundation for a growing, empowered community, and charting a further path toward the first billion Web3 users.To become part of the momentum, download the Binance App today.Further ReadingBreaking New Ground: Binance's User Asset Holdings Exceed $100 BillionBuilding Trust in the Crypto Ecosystem: A Framework For Centralized Exchanges30% New Users, New SocialFi And Web3 Products, Stronger Compliance: Binance’s Year-End Report is Here

Binance Labs, the venture capital and incubation arm of Binance has invested in BounceBit, a Bitcoin restaking and CeDeFi protocol to expand the capabilities of Bitcoin beyond traditional storage of value. BounceBit transforms BTC from a passive asset into a dynamic force within the ecosystem by active participation in network validation and a variety of yield generating activities.At the core of BounceBit’s innovative framework lies the conviction that Bitcoin empowerment should be predominantly asset-driven, without altering the Bitcoin blockchain. Through strategies such as funding rate arbitrage and the issuance of on-chain certificates for re-staking and mining, BounceBit seamlessly merges the best features of centralized finance (CeFi) and decentralized finance (DeFi) to unlock new possibilities for Bitcoin, facilitating enhanced yield generation and applications.Yi He, Co-Founder of Binance and Head of Binance Labs said: "BounceBit unlocks new avenues for Bitcoin's utilization with the fusion of CeFi and DeFi.  At Binance Labs, we are always seeking innovators shaping the industry, and we look forward to watching their growth as they achieve their mission to empower Bitcoin through secure and transparent CeDeFi solutions.”BounceBit is led by a team with experiences across decentralized finance, traditional finance, and Layer 1 blockchain technology. BounceBit prioritizes security and transparency by utilizing regulated custody and Multi-Party Computation (MPC). Combined with Ceffu’s Mirror X and off-exchange settlement (OES) solutions to minimize counterparty risks, BounceBit is committed to creating a secure environment for Bitcoin engagement in yield-generating activities. One of the innovations of BounceBit is its unique Proof of Stake (PoS) Layer 1 ecosystem. This ecosystem incentivizes validators to stake both BounceBit tokens and BTC, creating a dual-token system that not only aims to fortify network security but also amplifies the value and utility of BTC by directly involving it in network operations. Through restaking Bitcoin across multiple systems like oracles and bridges, BounceBit aspires to bolster the security and operational efficiency of the network.“It is our mission to build restaking infrastructure to drive the utilization of Bitcoin and we want to do it in a secure and transparent manner. Our focus on CeDeFi and developing a robust restaking ecosystem is just the beginning. We are grateful to have Binance Labs support us in this endeavor”, commentend Jack Lu, Founder & CEO of BounceBit.###About BounceBitBounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token — A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks. For more information, follow BounceBit on X.About Binance LabsAs the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

Main TakeawaysThis blog previews the recent Binance Research report discussing key developments in crypto markets over the past month.March 2024 was another positive month for crypto, with total market capitalization increasing 16.3% as BTC breached a new all-time high above $73,000 on two occasions.The DeFi market also sustained its uptrend, with TVL increasing 14%. Similar trends were seen in the NFT market, with monthly trading volume rising 14.6% to $1.41 billion.Thanks to Binance Research, you can take advantage of industry-grade analyses of the processes shaping Web3. By sharing these insights, we hope to empower our community with the latest knowledge from the field of crypto research.Today’s blog explores key Web3 developments in March 2024 to provide an overview of the ecosystem’s current state. We analyze the performance of crypto, DeFi, and NFT markets before previewing major events to look out for in April 2024.Crypto Market Performance in March 2024The crypto market continued its uptrend in March, ending the month with a 16.3% increase in total market capitalization. Bitcoin’s price reached a new all-time high, breaching $73,000 twice before sharply retracting, with the lowest point at around $60,000. Though capital inflows to spot BTC ETFs showed a slowdown in the latter half of March, they have still managed to capture over $12 billion in net inflows since they launched in January. As we move forward to April, we are less than 20 days away from the next Bitcoin halving, one of the most anticipated events in the crypto industry. Narratives around Bitcoin will likely continue to capture the market’s focus, with accompanying volatility in price action to be expected.Monthly change in crypto market capitalization (%)Source: CoinMarketCap (March 31, 2024) Monthly price performance of the top 10 coins by market capitalization Source: CoinMarketCap (March 31, 2024)Most of the top ten cryptocurrencies by market capitalization saw positive price action in March, maintaining the market’s upward momentum from previous months. SHIB, TON, and DOGE led the way with monthly gains of 137.7%, 111.9%, and 70.1%, respectively. Recently, meme coin trading has emerged as a major narrative due to the popularity these tokens have gained across various networks, including Solana and Base. Factors such as price volatility and low unit bias have driven speculation on these coins.SOL and BNB showed notable gains, closing the month with price increases of 54.7% and 50.4%, respectively. SOL saw impressive performance throughout March, reaching a new all-time high in terms of market capitalization and a record decentralized exchange (DEX) volume of $74.5 billion. Slowing down its recent surge but remaining noteworthy nonetheless, BTC experienced a gain of 13.9%, hitting a new all-time high above $73,000 on two occasions. XRP, ETH, and ADA were on the lower end of price performance for the month, with XRP and ETH increasing 6.1% and 5.0%, respectively, while ADA witnessed a decrease of 1.6%.Decentralized finance (DeFi)The DeFi market continued its uptrend in total value locked (TVL), recording a monthly gain of 14% for March 2024. Among the top ten blockchains, Solana and Base stood out with increases of 94% and 143%, respectively. Largely driven by the current frenzy surrounding meme coins, Solana’s DEX volume hit a new record of $60 billion. A similar trend was seen on Base, which also recorded a new high of $7.82 billion in volume. As meme coin trading heats up, the potential of these coins to drive adoption on these networks has become a popular topic of discussion within the community.TVL share of top blockchainsSource: DeFiLlama (March 31, 2024)Non-fungible tokens (NFTs)Monthly NFT trading volumeSource: CryptoSlam (March 31, 2024)The NFT market also sustained its momentum in March, experiencing an uptick in total sales volume of 14.6% to $1.41 billion. Notably, NFT collections on Bitcoin, such as Ordinals and NodeMonkes, saw a significant surge in sales volume, culminating in monthly increases of 170% and 140%, respectively. These were the top-performing sales collections for the month. Conversely, the buzz around Pandora, the first NFT collection using the ERC-404 standard, slowed down in March, with the collection’s sales volume reducing by 78%. In terms of NFT sales volume across the top chains, Bitcoin led with a sales volume of $514 million, followed by Ethereum with $489 million and Solana with $243 million. All other chains recorded volumes substantially lower than the top three.Upcoming EventsTo help users stay updated on the latest Web3 news, the Binance Research team has summarized notable events and token unlocks for the month to come. Keep an eye on these upcoming developments in the blockchain space.Notable events in April 2024Source: Binance ResearchLargest token unlocks in US$ termsSource: Token Unlocks, Binance ResearchBinance ResearchThe Binance Research team is committed to delivering objective, independent, and comprehensive analyses of the crypto space. We publish insightful takes on Web3 topics, including but not limited to the crypto ecosystem, blockchain applications, and the latest market developments.This article is only a snapshot of the full report, which contains further analyses of the most important market charts from the past month. It also dives deeper into recent developments surrounding BTC’s price action amid sustained ETF inflows, Ethereum’s Dencun upgrade, Solana DEX volumes, and the Dai Savings Rate.Read the full version of this Binance Research report here.Further ReadingBinance Research: Key Trends in Crypto – March 2024Lessons From History: A Retrospective on Bitcoin Halvings and Industry DynamicsBinance Research: Top Crypto Trends to Follow in 2024Disclaimer: 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 TakeawaysCopy trading on Binance Futures allows users to automatically replicate the trades of experienced traders (Lead Traders), streamlining the learning and investing process.Our new ‘Discover’ feature simplifies finding and following top Lead Traders with an intuitive swipe interface. Users can now navigate through trader profiles more quickly and easily.Detailed portfolio metrics empower users to study the strategies in depth while the mock trading option lets users practice copy trading in a realistic virtual learning environment.This is a general announcement. Products and services referred to here may not be available in your region.At Binance we’re obsessed with making trading more accessible and efficient. One recent feature that we’re proud of for its simplicity and effectiveness is Futures Copy Trading, which allows users to mirror the strategies of more experienced traders.Building on this, we’re excited to introduce ‘Discover’ as a new tool designed to make Futures Copy Trading even easier to use. This update simplifies finding and following top Lead Traders through an incredibly easy-to-navigate ‘Swipe & Discover’ interface. The launch of ‘Discover’ underscores our commitment to enhancing user experience by providing straightforward access to expert trading insights. Read on to learn more about this intuitive tool for exploring and engaging with the world of crypto futures!What is Futures Copy Trading?Copy trading is a Binance Futures feature that allows users to automatically copy the trades of more experienced traders (Lead Traders). Here’s how it works: when a Lead Trader makes a trade, the same trade is replicated in the account of the person who has chosen to copy them, based on a proportionate investment size. This means if the Lead Traders profits, so does the copier (and vice versa for losses). This is especially appealing to those new to futures trading or those looking to benefit from the expertise of seasoned traders without having to spend a significant amount of time researching and executing trades themselves. It’s a practical way to learn by observing the decisions of experienced traders in real time. For a more detailed exploration of copy trading and its benefits, please refer to our introductory blog. The Need for Innovation in Copy TradingSince we launched copy trading in October 2023, we’ve noticed one particular challenge for new users: the sheer amount of information available! With countless Lead Traders to choose from, it can take a long time to identify those with the skills and track records that best meet a user’s preference. This barrier is compounded if the interface isn’t as user-friendly as possible, making the process of selecting a Lead Trader more daunting than it needs to be. Information is crucial when it comes to trading digital assets, and users need clear, concise information to make choices that align with their goals. Recognizing these challenges, we felt there was a need to update our copy trading solution with a more streamlined selection process, prioritizing and improving the user experience.Unveiling ‘Discover’: Helping You Find The Best Lead TradersThe futures copy trading ‘Discover’ feature is designed to make it easier for users to connect with the top traders in crypto. ‘Discover’ simplifies the process of finding Lead Traders to follow, using an incredibly straightforward, user-friendly interface. With a simple swipe mechanism, users can quickly and easily browse through Lead Traders profiles. Swiping right adds a Lead Trader to your favorites, making it simple to return to their profile later, while swiping left moves you on to the next profile. This intuitive interface makes exploring profiles engaging and informative, encouraging users to actively discover and learn about different strategies and performances.‘Discover’ also makes it simple to view detailed portfolio metrics for each Lead Trader. Users can view performance history, trading strategies, risk management practices, and more, all aimed at providing a transparent and informative overview. This allows users to make more informed decisions on whom to copy, based on the data that matters.Finally, users should note this enhanced integration lets them easily click [Mock] to test with virtual funds or click [Copy] to trade directly. Mock Trading lets users practice copy trading in a realistic virtual learning environment without investing real money. Step-by-Step Guide: How to Use ‘Discover’Using ‘Discover’ on Binance Futures is straightforward. Here’s a simple step-by-step guide to get you started:1. Log into Binance Futures (on mobile): This feature is designed for mobile so the first thing you need to do is access your Binance account via your mobile device. Then navigate to the Futures section. Ensure you have the necessary setup to engage in futures trading.2. Access ‘Discover’: Look for the ‘Discover’ feature at the bottom of the Copy Trading homepage. It’s clearly marked and easy to find.3. Start Swiping: Once in ‘Discover’, you’ll see profiles of lead traders. Swipe right if you’re interested in learning more about them or potentially following their trades. Swipe left to move on to the next trader.4. Use Mock or Copy Trading: Within a trader’s portfolio, you have options to engage in mock trading with virtual funds or start copy trading directly. Mock trading is a great way to practice without financial risk.5. Manage Your Favorites: Traders you’ve swiped right on are added to your Favorites. You can revisit these profiles anytime to review or adjust your copy trading choices.By following these steps, you can effectively navigate ‘Discover’, and make informed decisions on whom to follow and learn from on Binance Futures.Beyond ‘Discover’: Our Vision for the Future of TradingThe launch of Discover reflects our commitment to continuous innovation. We want to keep making the trading experience more accessible, intuitive, and efficient for everyone, from beginners to seasoned investors. ‘Discover’ is another step forward in this journey, offering a much more user-friendly way to engage with copy trading.Our vision for the future of trading goes beyond just introducing new features. We’re dedicated to creating an ecosystem driven by the needs and feedback of our community. We invite you to be a part of this process. Your feedback and suggestions are invaluable to us as we strive to develop features that truly meet your needs. Final ThoughtsWe encourage you to explore Copy Trading with ‘Discover’ and see first-hand how it can transform your experience. Whether you’re new to futures or looking to diversify your strategies, ‘Discover’ provides the tools that make it easier for you to gather information and connect with traders in the crypto community. Stay tuned for ongoing updates as your feedback continues to help shape the future of trading on Binance. Further ReadingCopy Trading: Leverage the Power of ExpertsIntroducing Our Risk-Free Mock Copy Trading FeatureTrade Crypto FuturesDisclaimer: 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. 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. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable indicator of his future performance. No relationship between top-performing traders & Binance. In no way is performance or results guaranteed. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning and Responsible Trading Policy.

Main TakeawaysThe Binance Women in Technology Academy, organized in collaboration with the Women in Technology Association (WTech), extended its training programs to reach women in earthquake-affected areas of Turkey. Held in the city of Hatay on March 26-27, the educational series welcomed 80 young women from the earthquake zone. The Academy was designed to increase the presence of women in the fields of crypto, blockchain, and Web3, promoting gender equality in the industry and contributing to the growth of the high-tech sector of Turkey's economy.With a mission to promote equal opportunities in the crypto sector and increase women's financial literacy, Binance has collaborated with Turkey’s Women in Technology Association (Wtech) to launch the Binance Women in Technology Academy. By bringing its educational programs to Hatay, the academy reached young female university students living in earthquake-affected areas.Taking place in the Antakya district of Hatay on March 26-27, 2024, the program provided training sessions on financial literacy, blockchain technology, artificial intelligence, NFTs, cybersecurity, and more to equip learners with the knowledge and skills necessary to participate in the Web3 world. At the end of the program, certificates were presented to the 80 participants. Binance also provided 270 Ramadan meal packages to the families that live in the container city where the courses took place. Preparing Women to LeadThe Binance Women in Technology Academy, launched in January 2024, has recently completed its pilot 8-week program, graduating its first cohort of students. The collaboration between Binance and Wtech aims not only to introduce young women to the world of technology but also to provide them with opportunities to lead both in their careers and society. The initiative aims to increase the presence of women in the fields of crypto, blockchain, and Web3, addressing gender inequality in the industry. Following the success of its initial cohort of 50 students, the team decided to take the program to Hatay. Speaking at the graduation ceremony held at the end of the two-day intensive educational series in Hatay, Mücahit Dönmez, General Manager of Binance Turkey, emphasized Binance’s relief efforts in the wake of the February 6th earthquake: "Here at Binance Turkey, we have taken important steps to show our support for earthquake victims. Binance donated $100 worth of BNB to each of its users in the earthquake-affected areas of the country. Additionally, donations collected through Binance Charity were sent to the Turkish Red Crescent to support earthquake victims, and steel houses were built through our donation to AHBAP and opened for use as schools.”Turkey is not only a country with a crypto adoption rate of around 40% but also one of the global leaders in terms of popular excitement for crypto and new technologies. Still, as Dönmez highlighted, despite the positive global trend in gender equality in the crypto sector in recent years, inequality persists. Binance is committed to promoting equality and diversity both within the company and across the entire ecosystem. Our mission goes beyond education, and we aim to empower our students to shape the future by giving them courage.“More than an Educational Program”Zehra Öney, Founding Chair of the Women in Technology Association, partner of the Binance Women in Technology Academy, also spoke at the ceremony, noting, "As the Women in Technology Association, our main goal has always been to train expert and competent individuals in the field of technology and to carry out focused efforts to increase the number of women in the workplace, production processes, and entrepreneurship. There was a very high interest in this program. With this program, we made a good start in training strong qualified women leaders who will fill the gap in Turkey and beyond.”Finally, Harika Eldoğan, Marketing Director of Binance in Turkey, emphasized the project’s goal of providing education to 5,000 women in 5 years. She said, "We are working to expand the crypto ecosystem in Turkey. Especially for us, it is very important to include young people and women in this ecosystem. We support women in evaluating new opportunities in their journey towards financial freedom and supporting their development in these areas.”  Eldoğan added that the Binance Women in Technology Academy is as much an educational program as it is an initiative to create a community. Through this program, women working in different fields can come together, connect, and share knowledge and experiences.The program concluded with a graduation ceremony, during which over 80 students were awarded their completion certificates and gift tablets from Lenovo to support them throughout their educational and professional journeys. Also, the Binance team demonstrated support for Hatay’s local community by donating 270 Ramadan food packages to families residing in the area’s container city instead of hosting its annual iftar dinner in Istanbul. The container city, built by Needs Map, was constructed last year after the earthquake to house families who lost their homes, and it was also where the educational series took place.Further ReadingBinance Academy Teams Up with BNB Chain to Introduce a Tailored Developer Education ProgramBinance Academy and Blockchain Center to Educate Over a Million Students Globally by 2026Binance Donates $100,000 to Turkish Non-Profit Ahbap for Earthquake Recovery Efforts

In response to the recent devastating earthquakes in Taiwan, Binance Charity will airdrop up to $1 million in BNB to Binance users identified as living in the areas affected by the tragedy.Identification of the users will be based on their KYC (identity verification) or POA (proof-of-address) information indicating that they reside in Hualien County, which has suffered the most significant impact.Users who have completed KYC or POA before April 5, 2024, in the Hualien County area will receive $120 in BNB directly to their Binance accounts. Furthermore, for any existing users in the region who have registered before April 5, 2024, and complete the POA from April 5, 2024, to April 20, 2024 (both dates inclusive), we will donate $25 in BNB directly to their Binance accounts.We expect the funds to reach eligible users starting April 8, 2024.In recent years, blockchain and cryptocurrency have provided a new way of charitable giving, making donations faster, low-cost, and more transparent. In addition, using digital assets allows donations to be delivered directly to beneficiaries without intermediaries, and also gives beneficiaries more freedom to prioritize their needs in how to use the funds.Binance CEO Richard Teng said: “We are deeply saddened by the impact of the recent powerful earthquake in Taiwan. We hope to lend a helping hand to the people affected by the disaster. For those who received donations but were not impacted by the earthquake, we also encourage them to pass on the funds to those who are actually in need.”In this critical moment, Binance stands by our users and community. In the past, Binance Charity has also provided support to users in Ukraine, Turkey, Libya, and Morocco.For more information, please refer to this Binance Charity FAQ.

Main TakeawaysBitcoin halvings, designed to regulate the supply of new BTC tokens, historically impact the token supply dynamics, market sentiment, and adoption.Halvings tend to enhance Bitcoin's visibility, leading to an increase in both prices and adoption rates. They also stimulate discussions related to blockchain technology, Bitcoin network dynamics, and crypto as a distinct asset class.Despite historical patterns showing increased BTC prices and broadened adoption in the months following halving events, it's important to note that the upcoming April 2024 halving has already proven to be unprecedented in several important ways.The Bitcoin halving, an event embedded in the core of the original cryptocurrency’s value proposal, isn't merely a footnote in the annals of digital finance; it's a shift that has impacts across the entire ecosystem, reshaping market dynamics and investor sentiment with each occurrence. In this article, we take a closer look at the multifaceted impact of Bitcoin halvings on the digital-asset industry, uncovering its implications beyond short-term price movements. The next halving event, expected to occur in the third week of April, is drawing close, and it is instructive to look at historical data. However, the observed patterns are by no means a guarantee of similar outcomes this time around: the current cycle is unfolding against a unique background, and it has already proven to be different from historical precedent in some important ways.It’s Ancient HistoryHalving is a fundamental mechanism baked into the Bitcoin protocol that is designed to regulate the issuance of new tokens by decreasing mining rewards at regular intervals. This deliberate reduction, which is meant to suppress the rate of the creation of new BTC, plays a pivotal role in shaping Bitcoin's tokenomics and supply dynamics, reinforcing its deflationary nature and underpinning its value proposition. To recapitulate the basic facts about Bitcoin halvings, check out our video explainer:Bitcoin halvings have historically produced powerful effects on the crypto industry and broader financial ecosystem. Through the lens of history, tracing back through halving events in 2012, 2016, and 2020, we can observe certain recurring patterns in how halvings affect the world of crypto. These events act as inflection points, catalyzing fluctuations in market sentiment and investor behavior, and punctuating the narrative of Bitcoin's evolution as the locomotive of the crypto ecosystem.150 Days LaterIn dissecting the aftermath of halving events, one cannot overlook their impact on the BTC price and market capitalization. At the heart of the halving mechanism lies the principle of scarcity, a quality that appeals to investors seeking assets with limited issuance, thus propelling the asset’s value upward. As supply diminishes and demand increases over time, the stage is set, at least theoretically, for upward price movement, which often comes to fruition gradually, within the following several months rather than immediately.Historically, bitcoin has experienced notable price increases within the 5-6 months following each halving event. For example, 150 days following the previous three halvings in 2012, 2016, and 2020, BTC prices have increased by 999%, 15%, and 24%, respectively.BTC reached new all-time highs in each four-year period between the previous halving events. In the 2020-2024 cycle, this new all-time high was achieved in October 2022, when Bitcoin breached the $66K mark. The uniqueness of the upcoming 2024 halving lies in the fact that for the first time in its history, bitcoin has hit a new record high before the halving, in early March 2024. It remains to be seen whether it was a warm-up ahead of new highs after the halving or the coveted peak achieved prematurely.The mechanism whereby halvings exert influence on prices is likely via shaping market sentiment and investors’ perceptions. In addition to building anticipation among the crypto community, halving events fuel narratives about the advantages of algorithmic monetary policy and digital assets’ deflationary qualities, sparking interest among those outside of the crypto space and driving new participants into it.Beyond the PriceIn addition to price-related effects and increased attention – and partly through them –  halvings are associated with a profound, long-term increase in adoption metrics. Bitcoin’s heightened visibility during pre- and post-halving periods stimulates more newcomers to explore and potentially purchase the digital currency, contributing to the expansion of its user base.Furthermore, BTC halvings prompt a reevaluation of the cryptocurrency's underlying technology and network dynamics as miners navigate the transition. Discussions around network security, transaction fees, and scalability solutions intensify. Enhancements in these areas fortify the robustness of the Bitcoin network, bolstering confidence among users and businesses, thereby fostering a conducive environment for adoption. Halvings also tend to reduce miners’ profitability margins, generating additional BTC sell pressure from miners and accelerating consolidation in mining operations and mining pools.With each halving event, the need for efficiency and innovation becomes more pronounced, driving technological advancements that not only enhance the performance of the Bitcoin network but also increase its attractiveness to a broader audience. Let’s examine a straightforward adoption indicator – the number of active BTC addresses – using the same 150-day window as price dynamics. Within the first 150 days of each of the previous halvings, the number of new BTC addresses grew: by 83% in 2012, 101% in 2016, and 11% in 2020. The number of addresses holding $100 or more – a rough proxy for the number of retail investors – increased by 12% and 6% in 2012 and 2020, respectively, and remained roughly the same 150 days after the 2020 halving. Although these are imperfect indicators of adoption dynamics and sentiment (for example, one person can create multiple wallets), they suggest the directionality and magnitude of the trends in the aftermath of the past halvings.Similarly, institutional interest in Bitcoin also tends to surge around halving events, propelled by the narrative of bitcoin’s capacity as a store of value and potential hedge against inflation. High-profile endorsements from corporate treasuries and prominent investors validate BTC's legitimacy as an investable asset class, further fueling adoption. As institutional capital flows into the cryptocurrency market, infrastructure and product offerings emerge, paving the way for widespread adoption among traditional financial institutions and retail investors alike.For instance, the number of wallets holding more than $1 million, which can be seen as an indicator of professional or institutional investment activity, increased by thousands of percent in 2012, 10% in 2016, and 43% in 2020.What’s Next? The next Bitcoin halving in April is set to take place against an unprecedented backdrop of robust inflows back into the industry and centralized exchanges like Binance, along with burgeoning institutional engagement facilitated by the approval of spot BTC ETFs in the US. Add to that a surge in layer-2 solutions and DeFi activity, which augment the network’s practical utility, and the setup begins to look remarkably favorable for the Bitcoin ecosystem and the wider crypto space.However, it's still important to remember that while the context surrounding the 2024 halving is auspicious, there are no guarantees that its dynamics and effects will mirror those of previous halving events. Each halving represents a distinct juncture in Bitcoin's evolution, influenced by shifting market conditions, technological advancements, and regulatory developments. Therefore, while optimism abounds for the transformative potential of the 2024 halving, caution dictates acknowledging the inherent unpredictability of market dynamics and the need for vigilance in navigating the evolving landscape of digital assets.Each Bitcoin halving represents a fundamental shift in the crypto industry, with far-reaching implications for adoption and market evolution. Beyond its immediate effects on price and investor sentiment, Bitcoin halving catalyzes increased interest and awareness, institutional participation, and technological innovation, laying the groundwork for the continued growth and maturation of digital finance. As we navigate the ever-evolving crypto landscape, the significance of Bitcoin halvings stands as a testament to the enduring strength and resilience of our industry.Further ReadingHalving Horizons: A Bitcoin OdysseyDecoding Bitcoin Halving: Understanding the Deflationary Shift3 Simple Methods to Purchase Bitcoin & Other Cryptocurrencies: Preparing for the Bitcoin HalvingDisclaimer: Digital assets are subject to high market risk and price volatility. The value of your investment can 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 TakeawaysBinance expands Portfolio Margin to non-VIP users with a 100,000 USDT minimum balance (cross margin and futures wallets), increasing access to advanced trading tools.The introduction of a unified Portfolio Margin wallet simplifies portfolio management by merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures into one.Enhanced capital efficiency, risk management, and trading strategies are now more accessible, empowering a broader range of traders to optimize their portfolios.This is a general announcement. Products and services referred to here may not be available in your region.Binance is excited to announce the expansion of its Portfolio Margin feature to non-VIP users for the first time. Previously only available to VIP 1-9 users — requiring a 30-day Spot trade volume of at least $1M, or $15M for Futures — Portfolio Margin is now accessible to non-VIP users with a minimum balance of 100,000 USDT in their cross margin and futures wallets.By making advanced trading tools more accessible, we aim to enhance capital efficiency and simplify portfolio management for more traders. Extending Portfolio Margin to a broader audience is another step forward in supporting traders in leveraging their strategies more effectively, regardless of VIP status.Along with this expansion, we’re also taking the opportunity to introduce a new Portfolio Margin wallet to further streamline your trading experience. This merges the previously separate USDⓈ-M Futures, COIN-M Futures, and Cross Margin wallets into one unified wallet, simplifying portfolio management like never before.What is Portfolio Margin?Portfolio Margin is an enhancement for experienced traders, allowing the use of a variety of assets as collateral to leverage positions across multiple products. On Binance, for example, the Portfolio Margin mode enables the use of multiple supported assets from USDⓈ-M Futures, COIN-M Futures and Cross Margin wallets as collateral. In short, Portfolio Margin distinguishes itself from traditional margin trading by considering the collective risk of your entire portfolio rather than individual positions. The result is increased capital efficiency and greater strategic flexibility.Expanding Portfolio Margin to non-VIP users with at least 100,000 USDT in their cross margin and futures wallets means we’re making this advanced trading tool available to a much broader group, empowering them to explore new strategies and opportunities. A Single, Unified Portfolio Margin WalletIn addition to increasing the number of users who can access this feature, we’re also unveiling a new Portfolio Margin wallet to enhance and simplify the user experience.This update consolidates Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into a single, unified wallet, thereby simplifying portfolio management, and enabling you to manage your collateral and monitor risk across different trading products from one central location. It eliminates the need to switch between wallets to transfer collateral or assess margin usage, streamlining operations for faster market response.The emphasis here is on flexibility, efficiency, and a more user-friendly experience. With the integrated wallet system, the update aims to equip traders with the tools and adaptability needed to effectively navigate the crypto markets with greater confidence.Benefits of Binance’s Updated Portfolio Margin ProgramPortfolio Margin introduces benefits that enhance trading for any users who qualify, making it easier to leverage market movements and manage portfolios.Capital Efficiency: By using a broader range of assets as collateral, without manually converting for each position, traders can maximize their potential. Simplified Management: Merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one unified wallet streamlines portfolio management. This eliminates the need for fund transfers between wallets to meet margin requirements, reducing transaction times and the potential for error. Enhanced Trading Potential: Portfolio Margin users can combine their margin collateral for a wide range of up to 878 trading pairs, including cross margin pairs and futures contracts. This array of opportunities, along with the largest selection of collateral assets, opens up various strategies, from arbitrage to hedging.Unified Risk Management Tool: Improved risk assessment comes from unified maintenance margin requirements, offering a clearer view of overall risk exposure. This approach allows traders to navigate and manage risk more effectively with an elevated tool..Eligibility and How to Get StartedPortfolio Margin eligibility now extends to non-VIP users who meet certain criteria. The main requirement for non-VIP users to access this feature is having at least 100,000 USDT in assets across futures and cross margin accounts. This ensures that Portfolio Margin is accessible to engaged and invested traders on the platform. Ready to activate and use Portfolio Margin? Here’s how:Option 1: Log in to Binance Futures or Binance Margin, and go to the Futures  or Margin trading page. Eligible users will be able to see an “Upgrade” button next to “Margin Ratio”. Click on the “Upgrade” button and complete a quiz to activate the Portfolio Margin mode.  Option 2: Log in to your Binance account, and activate the Portfolio Margin mode via Wallet > Futures/Margin> Upgrade Now. Only eligible users will be able to successfully activate the Portfolio Margin mode.  Activating Portfolio Margin automatically consolidates your Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one. No additional action is needed from you. The unified wallet interface lets you manage collateral and adjust strategies easily, providing a comprehensive view of your portfolio. With Portfolio Margin now activated, you can trade using expanded collateral options for greater capital efficiency. By following these steps, new Portfolio Margin users can leverage its features to explore a wider range of trading opportunities, maximizing capital efficiency.Final ThoughtsThe expansion of Portfolio Margin to non-VIP users, while merging Cross Margin, USDⓈ-M Futures, and COIN-M Futures wallets into one, marks a major update. Designed to enhance trading flexibility, this change supports portfolio diversification, greater risk management, and new trading strategies.We encourage all eligible traders to explore these features, leveraging the expanded collateral choices, streamlined management, and improved strategies for a more dynamic experience. Activate Portfolio Margin today to explore a wider trading landscape and refine your trading approach. Start now to unlock your potential. Your trading evolution begins with Portfolio Margin.Further ReadingIntroduction to Binance Portfolio Margin ModeHow to Activate the Portfolio Margin Mode on Binance?Binance Portfolio MarginRisk Warning: 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. Futures trading, in particular, is subject to high market risk and price volatility. 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. 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 and Risk Warning.

Tigran Gambaryan, an American citizen, is known globally as someone fully dedicated to law enforcement. For a decade, he served as a U.S. Federal Agent investigating cases involving national security, terrorism financing, identity theft, distribution of child pornography, tax evasion, and bank secrecy act violations. As part of the elite cyber investigations team in the U.S. Treasury Department’s IRS Criminal Investigations (IRS-CI) unit, Tigran led several multi-billion dollar investigations, including the Silk Road corruption investigations, BTC-e bitcoin exchange, and the Mt. Gox hack.He also played a pivotal role in probing Alphabay, Welcome2Video, and the high-profile "VIP" Twitter hack, working alongside the Federal Bureau of Investigations and the United States Secret Service. Tigran later assumed the role of the IRS-CI representative at the National Cyber Investigative Joint Task Force (NCIJTF), focusing on national security and terrorism financing. Tigran is so well known as the world’s preeminent cyber crimes investigator that a book, Tracers in the Dark, was written about his efforts to bring down some of history’s most notorious cyber criminals. Given this background, Tigran was hired in 2021 to help Binance fix past compliance issues. As the head of Binance’s Financial Crime Compliance (FCC) team, he has been a strong advocate for Binance to develop policies and build compliance capabilities that set new industry standards. In 2022 and 2023, Tigran’s Financial Crime Compliance team assisted global law enforcement in freezing and seizing more than $2.2B worth of assets, including more than $285M in cooperation with United States Agencies like the FBI, DOJ, DEA, and others.In the past several years, he, along with his FCC team, responded to more than 600 information requests coming from Nigerian law enforcement agencies or related to investigations pertinent to Nigeria. The information provided helped tackle crimes ranging from scams and fraud to money laundering, blackmail, kidnapping, and extortion, leading to multiple asset freezes and seizures, totaling more than USD 400,000. Tigran’s team also provided multiple training sessions for Nigerian crime fighters on the role of exchanges in the digital-asset ecosystem. This included a three-hour online workshop for 70 Nigerian EFCC officials in mid-2023 and, late last year, two full-day sessions for EFCC officials in Abuja and Lagos, with more than 30 investigators attending each of them. Tigran is a strict law enforcement professional and is not part of Binance management. While he has left official service of the U.S. government, he has remained fully committed to the role of law enforcement officer ever since, operating as a global advocate for good governance and transparent regulatory financial practices. Binance respectfully requests that Tigran Gambaryan, who has no decision-making power in the company, is not held responsible while current discussions are ongoing between Binance and Nigerian government officials.

Main TakeawaysBinance Charity has partnered with the Children of Heroes Foundation to alleviate trauma and facilitate emotional recovery for children affected by the ongoing conflict in Ukraine.This collaboration will launch a 12-day therapeutic camp named “I Am da Vinci” to support children who have lost their parents in the war through a blend of activities emphasizing recovery, bonding, and psychological support.Since the early days of the war in 2022, Binance Charity’s humanitarian efforts in Ukraine have proven the effectiveness of Web3 innovations in disaster relief and philanthropy.The ongoing conflict in Ukraine has had a devastating effect on the country’s civilian population. As of the end of February 2024, the UN Office of the High Commissioner for Human Rights (OHCHR) has confirmed the deaths of over 10,670 civilians since the Russian Federation first launched its full-scale attack on February 24, 2022. In the wake of these numbers, many children have lost close friends and family, creating a new wave of generational trauma.To help provide relief to these children and facilitate their journey of emotional recovery, Binance Charity has teamed up with the Children of Heroes Foundation, a Ukrainian charity fund supporting children affected by the war. Through this collaboration, we will run a 12-day therapeutic camp named “I Am da Vinci” to aid children who have tragically lost their parents in the ongoing conflict.“I Am da Vinci” CampThe shared initiative between Binance Campus and Children of Heroes Foundation aims to foster a safe, friendly environment to help war-affected children overcome their trauma. The “I Am da Vinci” camp will offer a unique blend of activities and resources emphasizing emotional recovery, community bonding, and psychological support while stimulating a sense of adventure.Every child deserves the love and security of a family. At Binance, we are more than willing to support initiatives aimed at alleviating their suffering and restoring hope. In every child we help, we see a brighter future, not just for Ukraine but for the entire world. Our commitment to providing compassionate assistance is not a choice but a responsibility we wholeheartedly embrace. – Kyrylo Khomiakov, Binance Regional Head for CEE & Central Asia Grieving children attending the camp will gain opportunities to articulate their experiences through various creative means, including activities, competitions, and tasks promoting self-expression and intellectual growth. Essential psychological counseling services will be provided throughout the camp to help process emotions, understand losses, and cope with the impacts of traumatic experiences.By creating a safe and nurturing space, the program aims to mitigate feelings of isolation and loneliness, allowing children to form strong bonds with others who share similar experiences. Support for this camp has been generated through Binance Charity donations. A total of 50,000 USDT (approximately 2,000,000 UAH) will be used to help facilitate the event, proving to be an instrumental source of funding for this initiative.Children of Heroes FoundationFounded by a passionate businessman named Danylo Pasko in the early days of the conflict on March 2, 2022, the Children of Heroes Foundation has been instrumental in providing aid to war-affected children in Ukraine. Having lost his own father when he was a child, Danylo formed a team that shared his values and desire to help children who had lost their parents in the large-scale war. The idea quickly garnered support from other Ukrainian citizens, public figures, and entrepreneurs, and in April 2022, the foundation officially commenced its operations. The war has hurt the emotional and psychological state of children, especially those who are experiencing the loss of their loved ones. Our beneficiaries have faced various psychological traumas, and if they do not work with specialists now, the consequences can manifest themselves for years. The mission of our fund is to ensure that all of our beneficiaries are integrated into society and have every opportunity to build a successful life. Therefore, organizing such camps, where children will work with psychologists and recover from difficult experiences, is one of the most crucial areas of our activity. We want to see the smiling faces of children who enjoy their childhood or youth again, not crying eyes, despair, and irritation. Children are our future, so we must care for them and provide all the support they need at the right time. – Tetiana Novytska, Children of Heroes Foundation CEOBinance Charity in UkraineIn the early days of Russia’s invasion, Binance Charity created a crowd-funded Emergency Relief Fund to provide immediate support and safe havens for refugees fleeing conflict zones and other victims trapped in the country. This included an initial donation of $10,000,000 from Binance, one of the largest donations to Ukraine by a private company. Since then, we have been working hard with multinational and local organizations on the ground, including UNHCR and UNICEF, to disseminate funds in the most effective ways. These have included providing shelter, food, safe drinking water, medical supplies, cash assistance, and psychological support.Through our efforts, we have proven that cryptocurrencies can serve as a transformative force in the realm of charitable giving. We will continue to show how Web3 can be utilized effectively to deliver aid in innovative ways. To support this mission, please consider donating to our Ukraine initiative or any of our other projects. Every donation, however big or small, will make a real impact on the lives of others and showcase the benefits of Web3 philanthropy.Further ReadingBinance Charity for Ukrainians: Help ReportBinance Charity Teams up With Superhumans Foundation and Dedicates $150,000 to Supporting War-Affected Ukrainian CitizensThe Future of Giving is Digital: Our Binance Charity Survey Results

Starting today, thousands of golden eggs are being virtually “released” in around the world by Binance drones. The eggs contain a range of crypto prizes, with a minimum prize worth $10 in crypto and a top prize of 1 bitcoin (BTC) – one very lucky winner will discover something extraordinary when they open their golden egg!The campaign has been designed exclusively for new Binance users who haven't yet created an account. Find out more on how to take part below.  Activity Period: 2024-03-28 1:00 pm (UTC) to 2024-04-30 1:00 pm (UTC)How to Take Part and Crack Your EggThe campaign operates on a first-come, first-served basis, as the number of available prizes is limited. Here’s all the information you need to ensure you get your hands on a golden egg:Begin your journey by clicking the designated registration link matched to your region and create your Binance account.Complete identity verification (KYC) to ensure security and compliance.Begin trading with a minimum amount of $50 to unlock your egg reward.Crack your golden egg to discover a minimum $10 worth of crypto, all the way up to one whole BTC.If you have been waiting for a sign – this is a golden excuse to take your first steps with Binance!The Great Binance Eggdrop is more than a race for rewards; it’s about community engagement and taking your first steps exploring the world of crypto with Binance. Whether you're an experienced trader or a beginner starting your crypto journey, take the time to get set up and open your golden egg – you never know, there could be a whole bitcoin waiting for you!Set up your account and find out what you’ve won.If you already have an account, why not pass on the excitement of this campaign to a friend by directing them to the Great Binance Eggdrop?Risk Warning: Digital assets are subject to high market risk and price volatility. The value of your investment can 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.

Making crypto compliant with existing regulatory frameworks and interoperable with traditional legal and financial systems is an enormous yet hugely worthwhile task. To get there, we must achieve a certain level of standardization in how our industry goes about compliance. Binance has recently made a big step in this direction by joining the Global Travel Rule (GTR) Alliance – a global community of virtual-asset service providers utilizing the same solution for complying with one of the key international anti-money-laundering rules. Playing by the Travel RuleJoining GTR Alliance will ensure a higher level of both data security and regulatory compliance. This strategic move is designed to keep us in alignment with the Financial Action Task Force’s (FATF) Recommendation 16, a reporting requirement also known as the Travel Rule, which is already being enforced across various countries and is set to become the universal standard within the coming years.A well-regulated environment plays a vital role in protecting users, dispelling unwarranted perceptions about crypto and driving the wider adoption of crypto assets. As a trusted service provider in the digital asset ecosystem, we are duty-bound to ensure that users' personal information is secure and private. Our partnership with GTR represents a step forward in this direction.GTR aims to create a more secure and streamlined environment for companies to navigate the FATF Travel Rule requirements by leveraging the following features:Global: The solution allows multi-regional coverage through a single platform.Secure: The tool relies on secure encrypted channels to ensure that all personal data is kept safe.Seamless: GTR only requires one-time integration to unlock superior interoperability between many digital-asset service providers.Thanks to its extensive applicability, robust data protection mechanisms, and streamlined integration, GTR provides an unparalleled level of efficiency and security uniquely suited to global Virtual Asset Service Providers (VASPs) like Binance. Industry players utilizing this solution form the GTR Alliance, thus promoting interoperability and standardized compliance in the digital-asset space.Data Security TechGTR's approach to data security is one of its strongest suits. In one of its solutions, VASPs are provided with full control over their own decryption keys and safeguards transaction validation by applying Keccak256 encryption to all Personal Identifiable Information (PII). It transforms sensitive user data into irreversible and unique identifiers while making sure plaintext PII storage is eliminated. The transmission of such hashed information is carried out using mutual transport layer security (mTLS) technology, thereby strengthening the security framework with a zero-trust model.Steve Christie, our Deputy Chief Compliance Officer, shared: "Joining the Global Travel Rule Alliance is an exciting step forward in solidifying our international compliance efforts. We're particularly enthusiastic about the ability it gives us to consolidate our efforts globally, moving past the challenge of fragmented regional integrations. This move doesn't just bring us into alignment with FATF's global standards – it's about proactively providing our extensive user base with the assurance that their data and transactions are secure. This alliance amplifies the trust, security, and transparency that our users can expect at Binance."Joining forces with the GTR also allows us to work hand-in-hand with other compliance-focused industry leaders, including CODE, Sygna, and Sumsub. Together, we aim to enhance trust within the crypto ecosystem and address collective compliance needs.We extend a warm invitation to other VASPs and Travel Rule solution providers to also join this pivotal mission. To find out more and register, do visit the Global Travel Rule Alliance’s website directly at: https://www.globaltravelrule.com/en/home. Further ReadingSteve Christie Announced as Binance Deputy Chief Compliance OfficerDaily Life of Binance Data ProtectorsBinance Reaffirms Commitment to Robust Security With a Successful SOC 2 Audit

Main TakeawaysThe work of Binance’s largest department is akin to the roles of airport staff and ground crew, working behind the scenes to help millions of users globally enjoy a smooth crypto journey. As the first point of contact, Binance’s Customer Service (CS) team plays an indispensable role in putting Binance’s user-focused ethos into practice.In its early days, Binance didn’t have the advanced customer service setup it has now. The team has gone through a long process of growth and evolution to get to where they are today.Statistically, around 1% of the global population has interacted with Binance’s Customer Service (CS) department at least once. Registering an account, recovering erroneously deposited funds, and countless other routine situations are all handled by the CS team. As the first point of contact for our users, Binance’s CS arm is indispensable to translating our user-driven philosophy into real life. If Binance’s engineering team can be seen as the mechanics making sure that the airplane’s engine runs seamlessly at all times, the CS team is both the airport staff and ground crew. By serving millions of users globally, they ensure that each “passenger” reaches their crypto destination safely and promptly. Largely working behind the scenes, their presence often goes unnoticed yet becomes invaluable when people need help.An Underlying PrincipleThe CS team is Binance’s largest department, composed of individuals dealing with immediate user inquiries, training, quality assurance, and token recovery, just to name a few.The community-driven spirit of the crypto industry and Binance’s user-focused ethos grant the CS team a prominent voice within the company. Team members are often seen in dialogue with other departments during public meetings or town halls, primarily focusing on aligning user needs with business priorities.The underlying principle is clear: user needs must cut across and rise above any internal rank or departmental divide at Binance.From Gritty BeginningsIn its early days, Binance didn’t have the advanced customer service setup it has now, serving a smaller user base as an ambitious startup. There were none of the automated tools, well-established procedures, or archives of information that we have today – everything was done manually. Users usually got help by sending in tickets or emails, and each CS agent had to manually take note of each request and deal with all kinds of issues. Without dedicated internal resources or processes, they often needed to ask around internally to find the right information.Things really started heating up by the end of 2017. In just six months since its launch, Binance became the largest crypto trading platform by trading volume. The capacity of the existing CS team could hardly match this explosive growth. Mindy, a customer service veteran, recalls: “Even with all of us working around the clock, we couldn’t keep up. Sometimes, the queue in the CS system would be hours long.”In January 2018, Binance had to temporarily stop onboarding new users due to the sheer volume of sign-ups and rapidly increasing demand. Whenever account registrations were reopened, new users would rush in en masse, making the question of when Binance would open registrations again a hot topic in the crypto community.System pressuresAt the end of 2020, the market was quickly picking up again after a period of reduced activity. The resulting surges in traffic caused large pressure loads in Binance’s internal systems, including those underpinning our customer service work. It became clear that the third-party CRM system Binance used at the time couldn’t keep up with the exponential increase in online queries. Consequently, the CS team faced harsh criticism both internally and externally. While CS agents provide crucial support as the first point of contact, this also means they bear the brunt of vented frustrations, even when the issues have nothing to do with them personally. Facing this mounting pressure, the CS and Tech team hosted a live AMA and internal training session to help the community better understand the issues they were facing and optimal ways to resolve them. Dealing with turbulenceAs Binance’s user base continued to expand rapidly, pressure kept mounting, both internally and externally. Between the end of 2020 and mid-2021, many CS agents resigned or requested internal transfers due to the pressure and emotional stress of their work. To help overcome these challenges, Yi He, Binance’s co-founder, temporarily took over the CS department directly in 2021, overhauling its organizational structure and securing resources across other departments. The HR team was instructed to reach out to ex-employees, while current employees got a chance to express their concerns directly to the leadership and the top performers were rewarded. Thanks to these measures, the turnover rate of the CS team began to go down markedly.Through all these challenges, each team member bore a tremendous weight on their shoulders. Having identified the most urgent problems, Binance pulled together to resolve them and lay the groundwork for the robust systems and frameworks we have today.AI, Humans, and SystemsCurrently, Binance’s CS department supports 17 languages and covers dozens of business sectors. Front-line CS teams are further divided into multiple subgroups based on different products, creating more standardized processes and a comprehensive global service system. Backed by the internal tools and database, which includes a knowledge base, a training system, and a testing center, it provides a structured process for each CS agent, from onboarding training to daily work inquiries. This system significantly improves efficiency, forming a team capable of supporting tens of millions of users globally.One proof of this improved systematization is the implementation of self-service tools. When clicking the chat button, users can find options for account reset, identity verification procedures, withdrawal reset, and more in the self-service toolbar. Another improvement has been the introduction of AI bots, helping alleviate many pressures and allowing CS agents to handle more complex and specialized cases.Today, most user requests are picked up within one minute and resolved within the first CS chat — a huge improvement from the early days when users could wait for hours after they were queued.Empathy and connectionWhen facing issues that concern their finances, users still prefer to receive help from human agents – after all, AI can’t empathize with people’s emotions.Doris, a senior CS agent, says the team understands this urgency and the need for human connection. Even if a complex case can’t be resolved quickly, a CS agent will reply within seconds during the first interactions, letting the user know: "We are here."Much of the emotional nuance falls between the lines of social interactions, and humans are still much better at understanding that context, providing holistic responses rather than replying to individual sentences and capturing emotional needs keenly to provide comfort. People’s needs are not only functional but also emotional, and CS agents must be acutely aware of these sensitivities. As Vincent, a senior executive from the CS department, says: "Sometimes, even the difference in the use of a single word in a conversation can dictate whether the user feels they are being treated politely and taken seriously."The Art of BalanceBinance’s CS team sits right between the company and its users. Whether it is new product launches or adjustments to compliance policies, CS agents are often the first to sense changes within the organization and their potential impact on users. The CS team brings user and community feedback on products and marketing back to the respective departments, leading to improvements through a positive feedback loop.Binance requires all leaders to undergo customer service training, including spending a full day handling real customer inquiries, followed by two to six hours on the CS rotation each quarter. These responsibilities ensure that user feedback influences product design and business operations from the beginning.The CS team also impacts other departmental roles and responsibilities. For example, the anti-fraud team has recently expressed gratitude to CS agents who, through their proactive collaborative efforts, have prevented users from transferring funds to external suspicious parties on multiple occasions.Fund RecoveryWithin the CS department’s network lies a special team. Their mission is to handle issues related to users’ deposits not being credited, including identifying underlying reasons and determining whether more information is required from users. In 2022 and 2023, this team addressed nearly four hundred thousand appeals over uncredited deposits, recovering and refunding more than $4.35B worth of digital assets for our users. Among these, unlisted token deposits were one of the most common issues.These cases require extensive collaboration with wallet and clearing teams, as well as other internal and external stakeholders, to investigate and resolve issues. Since the beginning of these initiatives, Binance has expanded its support from six initial blockchain networks to 16 networks where assets can be retrieved directly, as well as further 16 requiring certain conditions for recovery.Navigating complexityIn the blockchain realm, particularly in the earlier days, there was somewhat of an informal rule that sending tokens to the wrong address meant those funds were lost. Binance, being among the first crypto players to champion helping users retrieve their tokens, often faced criticism for doing so and questions about its service boundaries. Nonetheless, we powered on.Still, such initiatives can pose unexpected challenges. Melody, the team lead of the User Appeal team explains that the asset retrieval process is very complex, consuming significant internal resources, and not all mistakes can be corrected. By setting retrieval fees, Binance tries to balance protecting user interests without fostering dependency or the misconception that there are no consequences to erroneous transfers. Some cases are more complex, requiring tremendous time and resources to figure out, so members of this specialized team find immense satisfaction in each successful asset recovery case. As Melody remarks, "These recovery initiatives are very significant to the user, no matter the amount." The most wonderful feeling is that of pleasantly surprising those who thought their losses were irreversible.The Right EnergyIf you were to sit down for a meal with one of the CS team members and listen to them speak, it would be hard to distinguish the different levels of the team: Binance’s flat organizational style is very conspicuous in its largest department. More than one team member admits that in the high-pressure environment of their daily work, having supportive, resilient, and skilled colleagues is crucial. A significant reason they stay is because they enjoy the team’s energy. When the market is bustling, and users are active, the workload surges, putting immense pressure on the CS team. Sometimes, an agent might be found tearfully venting to a superior. Yet, after processing their emotions, they collect themselves and soldier on.Back in the early days of Binance, a CS team veteran recalls calling executives in the middle of the night to help resolve issues. Over time, as the CS department’s systems and workflows improved significantly, the need for constant "firefighting" decreased. Gradually, our CS experts were able to reclaim their personal space and introduce reasonable workload management practices.Faces Behind the ScreenJust as busy passengers might often overlook airport staff, many crypto users may not realize that the CS agent behind each conversation is a real individual, with their own struggles, complexities, and emotions. They could be a father just back from biking in the park with his kids, a young woman with a love for folk music, or someone known among her friends for her fondness for a particular type of ice cream.Aware of this reality, our CS agents are motivated less by a prospect of direct recognition than by the pride and joy of being the embodiment of Binance’s user-focused culture and living it daily. Assisting people along their crypto journeys and helping them overcome issues and obstacles standing in their way is one of the hardest jobs in all Binance – but also the most rewarding.Further ReadingAbove and Beyond for Users: Upholding Ecosystem IntegrityDaily Life of Binance Data ProtectorsIncorrect Deposits of Crypto Assets: How to Retrieve Your Funds

Main TakeawaysBinance Academy and BNB Chain have partnered to launch a new BNB Chain Developer Specialization, a free program aimed at preparing software developers to work in the Web3 and blockchain industry that doesn’t require prior knowledge of blockchain fundamentals. The program consists of twenty English-language courses covering topics from smart contracts to Solidity development and offers a digital certificate upon completion.This initiative bolsters both Binance Academy’s education efforts and BNB Chain's builder support programs, contributing to both platforms' goals of driving mass Web3 adoption, building, and empowering individuals in the digital economy.Binance Academy, our crypto education platform, has partnered with BNB Chain, the largest layer-1 blockchain by user count, to launch a new BNB Chain Developer Specialization, a program designed to prepare software developers to build in the Web3 and blockchain industry. The program requires no prior knowledge of blockchain fundamentals and is offered completely free of charge. The program consists of twenty English-language courses, each featuring between two and six videos. The topics covered include Blockchain Basics, BNB Chain, Smart Contracts, Solidity, Web3, Decentralized Applications (DApps), Oracles, DeFi, BEP-20 Tokens, Greenfield architecture, among others. The specialization utilizes a variety of engaging learning materials, project work, and graded assessments.Upon successful completion of the course, participants will receive a digital certificate, acknowledging their acquired knowledge and hopefully serving as a gateway to new opportunities in the rapidly expanding blockchain industry.Learning to Build For Mass AdoptionThe goal of this effort is to help bring mass Web3 adoption by helping more people become builders on the blockchain. BNB Chain is adding this education program to its suite of builder support programs that empower individuals to either kick-start their journey in Web3 development or improve their knowledge and skills by getting a solid foundation in BNB Chain development.  Binance Co-Founder Yi He highlighted the critical role of education in driving Web3 adoption and development: “Blockchain and Web3 are setting a precedent in innovations across industries around the world. Education is critical to further development and adoption, and it provides new opportunities for individuals as these technologies shape our future and the global economy. We prioritize making education accessible, which is a core part of our user-focused principles and mission to increase financial accessibility and sustainable innovation as an industry leader supporting the growth of the larger ecosystem. With this specialized blockchain developer program, we hope to encourage and support more people to be part of building the future of these new technologies set to change our society and revolutionize industries.”Over the past few years, the BNB Chain ecosystem has seen tremendous growth. With opBNB now ranking as the top blockchain by daily active users (DAU) and processing 71 million daily transactions at an average cost of $0.001, alongside BNB Smart Chain (BSC) leading as the number one L1 blockchain by DAU and boasting a total locked value exceeding $4 billion, BNB Chain has firmly established itself as a leading community-driven blockchain ecosystem.This collaboration with BNB Chain adds to Binance Academy’s existing global education initiatives such as the regular publication of freely accessible multimedia educational content, Learn & Earn campaigns, and the University Outreach Program, creating an all-inclusive system that helps millions of people join the digital economy. In addition, it adds to BNB Chain’s builder support initiatives, which include the Most Valuable Builder (MVB) program, grants such as the TVL and DAU Incentive programs, and Kickstart. Further ReadingBinance Academy and Blockchain Center to Educate Over a Million Students Globally by 2026Binance Academy Launches Intermediate-Level Courses to Help Drive Web3 EducationAbove and Beyond for Users: Going the Extra Mile in Web3 Education

25 March, 2024 – Binance Labs, the venture capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to connect omnichain liquidity and provide staking, future restaking yields, and liquidity to emerging chains and ecosystems. Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking yields and liquidity to Layer 2 (L2) networks. It is designed with a highly scalable architecture that facilitates compatibility with multiple staking underlying assets, supporting ETH POS staking, Eigenlayer restaking — including LRT, LST restaking, and native restaking — and any emerging staking asset type. In a multi-chain era with rapid growth of multiple ecosystems, StakeStone serves as an application layer liquidity marketplace to help liquidity providers capture multi-layered opportunities while enabling multiple demanders to effectively shape liquidity. This self-reinforcing, two-sided market allows for the efficient and frictionless flow of liquidity within the distribution network.Yi He, Co-Founder of Binance and Head of Binance Labs said: "StakeStone tackles the intricacies of omnichain liquidity distribution, opening doors for broader participation in the space. At Binance Labs, we actively seek visionary projects that push the boundaries of innovation. We look forward to watching the growth of StakeStone in the sector."Unlike traditional approaches that rely on multi-signature wallets, StakeStone provides full transparency for underlying assets and returns. The protocol’s architecture supports multiple underlying assets and upgrades its contract based on market needs. StakeStone pioneers a decentralized solution for liquid staking and leverages its optimizing portfolio and allocation proposal (OPAP) mechanism to ensure STONE holders automatically and effortlessly receive optimized staking yields. By integrating innovative underlying assets, StakeStone is committed to building a sustainable, self-adapting liquidity layer infrastructure to make STONE ETH and STONE BTC the new standard for liquid assets.“From start to finish, our goal is to build a long-term, decentralized, omnichain liquidity distribution network that serves as an infrastructure for security sharing at the consensus layer and increased efficiency at the application layer. We are honored to have Binance Labs's support in realizing this vision,” commented Charles K, Co-Founder of StakeStone.StakeStone plans to continuously adapt to innovative underlying assets based on market dynamics, with a particular focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized physical infrastructure network (DePIN). The protocol intends to extend its liquidity distribution channels and activate the application-layer liquidity. Meanwhile, StakeStone will continue to explore the inclusion of BTC within its liquidity network. About StakeStoneStakeStone is the first liquidity infrastructure protocol. By first staking liquid assets on a risk-free underlying asset not limited to the consensus layer to earn staking yield and minting yield-bearing assets, and then completing the redistribution of yield-bearing liquidity to liquidity demanders (chain and on-chain protocols). Currently, it supports the minting of yield-bearing ETH, STONE ETH, with a total minting volume of more than 340,000. By continuously integrating and connecting application layers (L1s and L2s) as well as consensus layers, StakeStone established a constantly expanding and evolving omnichain liquidity distribution network.About Binance LabsAs the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.