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Prepared by Binance Global Policy | October 2026Steven McWhirter, Global Policy LeadDiego Montes Serralde, Global Policy ManagerWith the expert contribution of Tanveer KaloojiMain TakeawaysAgentic AI could materially improve financial crime compliance. AI agents can analyse information across multiple systems, investigate alerts, identify relationships, monitor regulatory changes and prepare case assessments. Used responsibly, they could reduce low-value manual work and allow compliance professionals to focus on higher-risk cases and consequential decisions.Autonomy creates a new accountability challenge. Once AI systems can use tools, delegate tasks, alter records or initiate transactions, institutions must be able to establish which agent acted, who authorised it, what mandate it held and who remains responsible for the outcome.Know Your Agent (“KYA”) should complement, rather than replace, KYC. KYC establishes the identity and risk profile of the customer or legal entity. KYA establishes the identity, provenance, authority, permissions and operating constraints of the software acting on their behalf.The strongest governance model separates intelligence from control. AI agents may analyse, prioritise and recommend, while consequential actions should remain subject to defined policy controls, explicit authorisation thresholds, runtime monitoring and proportionate human or institutional oversight. Policy attention is already moving in this direction. Recent work in the UK and Singapore points to the need for clearer safeguards around agent identity, delegated authority, runtime controls and machine-to-machine authentication, particularly as agentic payments become an early test case for broader autonomous financial activity.1. IntroductionFinancial crime compliance has evolved alongside the financial system it is intended to protect. As payments became faster, financial services became more digital and markets became increasingly global, compliance functions adopted automated screening, transaction-monitoring systems, blockchain analytics and machine-learning models. Agentic artificial intelligence may represent the next stage of that evolution.Unlike a conventional rules engine, which follows predefined instructions, or a generative AI application, which produces content in response to a prompt, an AI agent can pursue an objective through a sequence of actions. It may retrieve information from multiple systems, determine which tools to use, compare alternative courses of action and adapt its workflow as circumstances change.In an AML context, an agent could receive a transaction-monitoring alert, review the customer profile, analyse linked accounts and wallets, consult relevant typologies, prepare an investigative chronology and recommend whether the case should be escalated. Several specialised agents could divide those tasks across identity verification, sanctions screening, blockchain tracing and case management, before presenting a consolidated assessment to a human investigator.This could materially improve the effectiveness of compliance. It could also introduce new risks.A compliance agent may access highly sensitive information, make inferences about customers, alter risk classifications or close alerts. An agent involved in payments may go further by selecting a route, confirming that predefined conditions have been met or initiating a transaction under delegated authority. If those systems are not properly identified, permissioned and monitored, institutions may struggle to reconstruct how an outcome was reached or determine where responsibility lies. The questions around liability, oversight and control become more acute. Once software can take autonomous or semi-autonomous steps toward a goal, rather than merely generate analysis, institutions must be able to determine whether the agent acted within its mandate, whether appropriate oversight was maintained, and who remains responsible for the outcome.The central policy question is, therefore, how institutions and regulators can preserve identity, authority and accountability when software begins to act within the compliance and payment architecture.This paper argues that a Know Your Agent, or KYA, framework could provide an important part of the answer. KYA would not displace KYC, customer due diligence or existing AML/CFT obligations, including applicable transaction-monitoring and payment-transparency requirements. It would provide an additional control layer for software agents by establishing who or what the agent is, which person or organisation it represents, what it is permitted to do and how its conduct can be limited, verified and, where necessary, stopped.An AI agent should not be permitted to undertake a consequential financial or compliance action unless its identity can be authenticated, its authority is defined and appropriately bounded, and its conduct can be attributed to an accountable principal.2. What is Agentic AI?Agentic AI refers to systems that can pursue an objective through a sequence of actions, rather than merely responding to a single instruction. An agent may determine which steps are required, retrieve information from different systems, use external tools and adjust its approach as new information becomes available.Agentic AI is not necessarily a distinct model category. In practice, an agentic system may combine one or more AI models with tools, memory, orchestration, external data sources and permissions that enable it to pursue objectives and take actions.These systems exist on a spectrum. Some operate as assistants that prepare recommendations for human approval, while others can perform defined tasks or initiate actions within the permissions they have been granted. The governance implications become more significant as an AI system moves from producing information to acting on it.The World Economic Forum has described this development as requiring governance models that take into account an agent’s role, autonomy, authority, predictability and operational context. The United Kingdom’s Digital Regulation Cooperation Forum similarly characterises agentic AI as a shift from AI as a tool to AI as an actor that can assess goals, plan workflows and execute actions affecting real-world environments.Safeguards should, therefore, depend on what a system is capable of doing in practice, rather than labels as an “AI agent.”3. From compliance automation to agentic complianceThe financial sector already uses AI across fraud detection, AML monitoring, customer-risk assessment, sanctions screening and operational processes. Agentic AI builds on those capabilities by connecting separate analytical functions into adaptive workflows that can gather evidence, assess context and prepare actions for human or rules-based approval.A. Customer due diligence and onboardingAn onboarding agent could collect information from approved sources, identify missing documents, compare records and flag inconsistencies. For legal entities, it might analyse corporate registries, ownership structures and beneficial ownership information. For individuals, it could support identity verification, sanctions screening and initial risk classification.The institution would remain responsible for the adequacy of its customer due diligence. The value lies in reducing fragmented manual processes and directing human attention toward higher-risk or ambiguous cases.B. Transaction monitoring and investigationsTraditional monitoring systems frequently generate high volumes of alerts based on static rules and thresholds. Agentic AI may support more contextual assessment by examining transactions against the customer’s profile, counterparties, previous behaviour and wider transaction network.In crypto markets, an agent could combine account-level information with blockchain analytics to identify exposure to sanctioned or high-risk addresses, rapid movement through multiple wallets, cross-chain obfuscation or patterns associated with scams and laundering typologies. This direction is increasingly recognised in international AML/CFT policy. FATF’s 2026 work notes that advances in artificial intelligence, machine learning and big-data analytics have the potential to enhance blockchain analytics and other tools used to detect and monitor suspicious activity.Once an alert is generated, an investigative agent could build a chronology, map the movement of funds from fiat on-ramps into digital assets, trace subsequent wallet activity across chains and counterparties, identify any off-ramp activity, retrieve supporting records, and draft a case narrative. A separate agent could test whether the proposed conclusion is supported by the evidence and identify contradictory information or unsupported assumptions.This could improve the use of compliance resources by reducing administrative work and allowing investigators to focus on judgment-intensive cases. It could also improve auditability where the data sources, tool calls, intermediate findings and approvals are retained as part of a unified evidentiary record. Importantly, greater analytical capability does not remove the need for expert judgment. FATF’s 2026 work similarly emphasises that advanced blockchain analytics are most effective when combined with traditional investigative techniques and expert human assessment.Where a report is being considered, a separate agent or control function could verify that the draft narrative is supported by source records and satisfies the institution’s escalation criteria.Consequential decisions, including decisions to file a suspicious activity or transaction report, terminate a customer relationship or impose another material restriction, should remain subject to appropriate validation and accountable human or institutional oversight, consistent with applicable law and supervisory expectations. C. Sanctions and adverse media monitoringSanctions compliance increasingly requires institutions to look beyond direct name matching and assess ownership, control, indirect exposure and geographic restrictions and links to sanctioned or high-risk activity, rather than relying on direct name matching alone.An agent could monitor list changes, identify potentially affected customers, analyse complex ownership structures and prioritise cases according to confidence and urgency.It could support adverse-media screening by assessing whether a result is a true customer match, whether the source is credible and current, whether the allegations are relevant to the institution’s risk appetite, and whether escalation or further due diligence is warranted.These capabilities could allow institutions to respond more quickly to emerging threats, adverse-media developments, and changing designations, but they also introduce risks if an agent relies on inaccurate sources, weak entity resolution, outdated reporting, or unsupported inferences.D. Regulatory change and control mappingAML obligations evolve through legislation, regulatory rules, guidance and enforcement decisions. An AI agent could monitor relevant sources, identify amendments and map them against the firm’s policies, products and controls.This could support more continuous compliance management and help institutions identify where monitoring scenarios, risk indicators or procedures require adjustment. Legal and compliance professionals would nevertheless need to validate interpretations, particularly where requirements are ambiguous or differ across jurisdictions.Across these use cases, the value of agentic AI lies not merely in speed. It lies in its ability to connect fragmented information, assess activity in context and allow human expertise to be focused where judgment matters most.Those benefits are conditional. Agents may hallucinate, misinterpret information or rely on weak sources. Investigators may defer excessively to apparently sophisticated recommendations. Models trained on historical decisions may reproduce earlier biases, while agents connected to external tools may be exposed to prompt injection, data leakage or unauthorised actions.The objective should not, therefore, be unrestricted automation, but controlled delegation: agents may support analysis, prioritisation, and recommendation, while consequential outcomes remain subject to deterministic safeguards, documented approvals and human or institutional accountability.The same architecture could support the controlled use of information received through public-private partnerships, including emerging typologies and risk indicators. As such information becomes more structured and machine-readable, institutions will need to ensure that agents access and use it only within defined legal, confidentiality and purpose limitations.4. Why is KYC not enough?KYC answers a foundational question: who is the customer? In an agentic environment, that question remains essential but is no longer sufficient.An institution may know the customer behind an account while remaining unable to determine whether a particular instruction originated from the customer, an authorised agent, a compromised agent or a sub-agent acting beyond its mandate.Two agents accessing the same system may also present materially different risks. One may be authorised only to retrieve information. Another may be able to modify a customer’s risk classification, close an alert or initiate a transfer.Institutions, therefore, need to be able to determine which agent performed a particular action, who developed, deployed and operated that agent, and on whose behalf it was acting. They should also understand the scope of the agent’s mandate, including which data, systems and tools it was permitted to access, whether it could merely recommend an action or had authority to initiate or execute it, and whether it could delegate tasks to other agents.This assessment should also extend to the limits placed on that authority, including any financial, temporal or geographic restrictions, the mechanisms available to suspend or revoke the agent’s permissions, and the identity of the natural or legal person that ultimately remains accountable for its conduct.KYA extends beyond conventional identity and access management. Traditional access controls generally determine whether a user or service account may enter a system and perform a defined function. KYA must also establish the agent’s relationship to its principal, the purpose and limits of its mandate, any authority to delegate tasks, and the accountable party responsible for the resulting conduct. This broader context becomes essential where an agent can operate across systems, act asynchronously or exercise discretion within a delegated objective.The OpenID Foundation has noted that agents often act indistinguishably from human users, while existing authorisation models may be insufficient for asynchronous activity, cross-domain interactions, recursive delegation and agents operating for multiple users. KYA provides a framework for addressing these gaps.5. What is Know Your Agent (KYA)? Know Your Agent can be understood as the process of identifying, authenticating, authorising and continuously governing an AI agent that acts within or interacts with a financial service.KYA should not be treated as granting legal personality to software or applying conventional customer due diligence directly to a machine. The objective is operational accountability, while legal and regulatory responsibilities continue to attach to the relevant natural or legal persons. This is consistent with the broader technology-neutral approach reflected in FATF’s 2026 work, which distinguishes underlying software from the persons exercising control or performing regulated financial functions through it.A KYA framework should establish the relationship among the different actors involved in an agent-mediated activity. This includes the agent itself, understood as the software instance performing the relevant task, and the principal, meaning the individual or legal entity on whose behalf the agent acts.The framework should also identify the provider or deployer responsible for developing, operating, configuring or making the agent available, as well as the relying institution, such as a financial institution, VASP or payment provider, that permits the agent to access or interact with its systems. Clearly defining these roles is essential to determine the applicable permissions, responsibilities and lines of accountability.These roles may overlap depending on how the agent is developed and used. For example, a financial institution may procure, deploy and rely on an internal AML agent itself. By contrast, a consumer-facing agent may be provided by a third-party technology company and authorised by the customer to interact with one or more financial institutions.Regardless of the operating model, the agent should remain clearly linked to the individual or legal entity that is ultimately accountable for its actions.In our view, a practical KYA framework could be structured around five layers.Agent identity and provenance: Each material agent should have a distinct identity linked to its provider, deployer, responsible legal entity, software or model version, and authentication credentials. This allows institutions to attribute an action to a specific authorised agent, rather than merely confirming that a valid user or service account was accessed.Link to an accountable principal: The agent should be linked to the individual or organisation on whose behalf it acts. While responsibilities may be allocated contractually among technology providers and regulated firms, the use of an agent should not dilute the regulated institution’s responsibility for meeting its AML/CFT obligations.Mandate and permissions: Each agent should operate under a clearly defined mandate specifying the actions, data and tools available to it and the purposes for which they may be used. Permissions should follow the principle of least privilege and, where personal or sensitive information is involved, incorporate appropriate purpose limitation, data minimisation and access controls. They should also distinguish between the ability to analyse or recommend and the authority to make or execute consequential decisions.Delegation and monitoring: Where agents may use sub-agents or external services, the permitted delegation chain should be defined and authenticated, with delegated authority remaining within the original mandate. Institutions should continuously monitor both the agent’s behaviour and, where it can initiate financial activity, the transactions generated through that authority. Monitoring should identify behaviour that exceeds permissions, departs from expected activity, indicates compromise or creates financial-crime risks requiring additional review.Revocation and auditability: Institutions should be able to suspend an agent, revoke or restrict its permissions and introduce additional human approval where necessary. Material actions should remain traceable to the agent, its principal, the authority in force, the tools and data used, any human intervention and the resulting outcome.For consequential actions, KYA should support point-of-action verification. The relevant control layer should be capable of confirming that the agent’s identity and credentials remain valid, that the proposed action falls within its current mandate and that no approval, risk or revocation condition prevents execution.In practical terms, a minimum KYA record would allow an institution to verify the agent’s identity, the principal it represents, the party responsible for deploying it, the scope and duration of its authority, any right to delegate, its current status and the context in which it is authorised to operate. The record should support attribution and control without implying that the agent itself assumes the regulatory status or obligations of the person on whose behalf it acts. That information should accompany the agent throughout the relevant interaction and remain available for subsequent review.As agent-mediated activity scales, elements of the KYA record should be capable of being expressed in machine-readable and, where appropriate, cryptographically verifiable form. This could allow an agent’s identity, principal, mandate, limits, delegation rights and status to be checked consistently across financial institutions and payment infrastructures.This type of minimum record could also support emerging trust frameworks for agentic payments, where regulators and industry are beginning to consider standardised approaches to agent identity, verification and machine-to-machine authentication.Taken together, these five layers provide the foundation for treating AI agents as identifiable, authorised and governable participants within a financial institution’s control environment. Their practical value, however, depends on how they are embedded into day-to-day compliance processes. An AML workflow provides a useful illustration of how KYA can translate these principles into operational controls, from verifying an agent’s authority at the outset to preserving human accountability for consequential decisions.6. KYA in practice: a controlled AML workflowIn practice, an agentic AML workflow could involve specialised agents reviewing customer information, transaction behaviour, blockchain activity and sanctions exposure. Before accessing a case, each agent’s identity, mandate and permissions would be verified. Their findings could then be consolidated and independently challenged before any recommendation is accepted.Consequential outcomes should remain subject to fixed, rules-based controls that the agent cannot override, together with appropriate human approval. The process should preserve a record of the evidence considered, its relevant provenance and permitted use, the agents and models involved, material tool calls, any human intervention and the final decision. This reflects a clear separation of functions in which agents analyse and recommend, controls enforce mandatory requirements, and accountable humans decide where the consequences are significant.This direction is already beginning to emerge in policy and industry practice. In July 2026, the Monetary Authority of Singapore announced the Safeguards for Agentic Finance at Runtime (“SAFR”) framework, developed with industry participants under its BuildFin.ai initiative. SAFR focuses on the need for real-time safeguards where AI agents operate in financial services, including policy-bound execution, validation before action, auditability and interoperability. Its emphasis on verifying and recording an agent’s proposed actions before execution is closely aligned with the KYA approach proposed in this paper in which agents may support financial workflows, but their actions should remain bounded by identity, authority, mandate and control requirements that can be reviewed after the fact.7. Agentic payments and the case for KYAThe need for KYA becomes more immediate where agents can transact. The IMF has described agent-mediated payments as a potential transition from “click-to-pay” toward “decide-to-pay,” in which software agents may compare options, determine whether conditions have been met and initiate financial actions under delegated authority.This concern is increasingly reflected in central-bank thinking. In June 2026, Sarah Breeden of the Bank of England observed that agentic AI could move payments and commerce from recommendation mode, where humans still execute transactions, toward systems in which agents automate the final step. She highlighted that this raises practical questions around how users securely provide consent and authorisation to agents, how disputes and liability should be handled for erroneous or fraudulent transactions, and how authorities can avoid fragmentation as AI firms, merchants and payment systems develop their own agent-interaction protocols.The United Kingdom’s Financial Services AI Adoption Plan points in the same direction. It identifies agentic payments as a near-term use case for autonomous financial systems and notes that these models raise uncertainty around legal accountability, liability, consent and fraud in automated payment flows. Importantly, the Plan recommends the development of a trust framework for agentic payments built around legal and liability standards, Know Your Agent protocols, and interoperable machine-to-machine authentication. This provides a useful policy signal in which KYA is not merely an internal compliance concept, but part of the broader trust infrastructure likely to be needed as agents begin to initiate or support financial transactions.These developments create an architectural tension. AI systems are probabilistic and adaptive, while payment infrastructures depend on predictability, legal certainty and deterministic execution.A useful model is to separate the process into three layers. In crypto markets, programmable wallets and smart contracts may allow permissions to be expressed directly through code. A wallet could limit an agent to specified assets, approved addresses, transaction values or time periods, while requiring human approval where risk indicators or thresholds are triggered.Before processing an agent-initiated transaction, a VASP or payment provider should be able to verify the identity and status of the agent, the principal it represents, the scope of its delegated authority and whether the transaction falls within that mandate. Existing transaction-level obligations and risk controls should continue to apply irrespective of whether an instruction originates from a person or an authorised agent. Depending on the activity, these may include sanctions screening, Travel Rule requirements, wallet-risk assessment and enhanced controls for higher-risk cross-chain or DeFi exposure. A proportionate framework should distinguish among agents that retrieve information, recommend transactions and control or transfer value. The greater the authority and potential consequence, the stronger the identity, monitoring and approval requirements should be.This is best understood as “bounded autonomy” in which agents may operate within clearly authorised objectives, permissions and limits, but stronger safeguards should apply as their ability to affect customers, compliance outcomes or the movement of value increases.8. ConclusionAgentic AI could significantly strengthen financial crime compliance. It can connect fragmented information, identify relationships across large datasets, accelerate investigations and help institutions respond more dynamically to changing risks.The same capabilities change the control environment. Once software can select tools, delegate tasks, alter records or initiate payments, institutions need to know more than who the customer is. They must know which agent acted, who it represented, what authority it held and whether its conduct remained within that authority.Know Your Agent offers a practical framework for answering those questions. KYA is an accountability layer for software operating within the financial system.The future AML architecture may, therefore, be understood through three complementary lenses: (1) Know Your Customer, which establishes the identity and risk profile of an individual or legal entity; (2) Know Your Transaction, which examines how value moves, why the activity is occurring and whether it is consistent with expected behaviour; and (3) Know Your Agent, which identifies the software actor involved, the authority under which it operates, the limits of its permissions and the person or entity that remains accountable for its actions.Together, these disciplines could provide the trust architecture required for an increasingly automated financial system. As AI agents gain greater authority to influence decisions and move value, governance should follow that authority. Greater autonomy, access and potential consequence should be matched by stronger requirements for verifiable identity, bounded permissions, auditable conduct, revocation and continuing human or institutional accountability.

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

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

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

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

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

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

Main TakeawaysThe World’s Smallest Trading Desk is a campaign that invites you to share how you use AI to research markets, interpret macro events, and build trading workflows.Binance’s AI tools, including Agent OS, are designed to help individuals access market context and capabilities that used to require massive teams or specialized tools.20 winners will be selected to share a total of 2,000 USDC. The campaign runs from September 23 to September 30, 23:59 UTC.Most traders are basically running a tiny trading desk these days, whether we call it that or not. You track markets, skim headlines, try to make sense of macro events, and decide what matters for your own portfolio. With the right AI tools, the everyday investor is closer than ever to market context and capabilities that were previously only available to institutions. If AI is now an extra set of hands in your trading setup, we want to see what you do with it. Show us how you use AI to build the World’s Smallest Trading Desk.What is the World’s Smallest Trading Desk?This is a community challenge inviting you to share how you use AI in your trading workflow. We’ll pick 20 of the most creative, authentic, and unique responses to share a total of 2,000 USDC. Feel free to share anything, from a lightweight routine to a multi-agent setup. The point is to show how you use AI to cut through the market noise and make more informed decisions. Here are a few directions you can take:FOMC analysis: Use AI to unpack a Fed decision, key takeaways, and possible market implications.Rate-cut expectations: Analyze probabilities, timelines, and what they could mean across assets.Gold and oil moves: Track commodity drivers and scenarios you’re watching.Market deep dives: Research an asset, sector, or narrative you follow.Trading strategies: Show how AI helps you build, backtest, or refine an idea.Anything else: If you have a unique use case, share it!How Agent OS Gives You a Mini Research DepartmentIn just a few years, AI has evolved from simple chatbots to full-fledged agents that can act autonomously and plug into the apps you use daily. With Agent OS, you can connect AI agents to live Binance market data and a variety of supported capabilities, including trading. It’s almost like you have a small research desk on call. You ask the question, the agent pulls the relevant data, and it sends back a market brief to help you make your final decision. For inspiration, here are a few AI-powered workflows users have already built with Agent OS:Spotting potential opportunities: Pull live prices, recent movement, and liquidity to narrow down what to research next.Keeping track of a DCA plan: Update an average cost and check progress without recalculating each buy.Getting a second view on analysis: Ask an agent to evaluate an asset using live Binance data, then compare it with your own model before deciding what to do.Simplifying advanced research: Pull order-book signals and other market indicators into a single briefing instead of checking multiple pages manually.Turning data into content: Generate market updates and research summaries using current Binance data inside the same workflow.How to Enter the CompetitionHave or open a registered Binance account and complete KYC.Share your AI-powered workflow in the comments on our post. Any channel is okay, including Instagram, X, Discord, etc.Submit your details via the survey link:https://app.binance.com/uni-qr/user-survey/00f8deda282542d6b474dd682df927b7Winners will be announced on Binance’s X no later than four weeks after the campaign ends on September 30. Rewards are expected to be credited within one month after the campaign ends.Final ThoughtsEveryone’s setup looks a little different. Some use AI to break down macro events into actionable decisions. Others use it to scan markets, compare assets, or pressure-test a trading idea before they act. Some are building agents that pull live data and turn it into a morning brief they can read before their trading session. Show us how you use AI in your workflow, and what makes your setup different. If you have a process you rely on, share it. If you’re still experimenting, share what you’re building, and what you’d improve. 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Main TakeawaysBinance has invested $100 million in Circle Internet Group (NYSE: CRCL) and expanded its strategic partnership with Circle for a new five-year term.The partnership is focused on promoting USDC across Binance's global platform, with an emphasis on emerging markets.Circle will continue to provide the infrastructure supporting USDC holding and usage, while Binance leads on distribution and adoption.Binance today announced a $100 million equity investment in Circle Internet Group, Inc. (NYSE: CRCL) and the expansion and renewal of its strategic partnership to promote USDC across Binance's global platform. The new arrangement has a term of five years.Expanding USDC’s Global ReachUnder the expanded partnership, Binance will promote USDC across its global platform, especially in emerging markets. Circle will provide the infrastructure services that support holding and using USDC. In connection with the partnership, Binance purchased $100 million worth of shares of Circle Class A common stock, through a private placement at a purchase price reflecting a five percent discount to the market price of CRCL prior to closing.Binance and Circle on the Partnership"Circle has earned its place as one of the most credible issuers in the world spanning USDC, Arc and the infrastructure reshaping how value moves across borders. Our $100 million investment and five-year commitment represent long-duration conviction," said Richard Teng, co-CEO of Binance. "We are helping to build a more inclusive, transparent, and compliant digital economy. A stable, trusted digital dollar should not be a privilege – it should be available to anyone with a phone. That's the future this partnership is designed to deliver.""Binance has built one of the largest and most dynamic platforms in the world for using digital currency, creating the internet's largest financial super app, and becoming the most widely used wallets in the world for dollar stablecoins," said Jeremy Allaire, Co-founder, Chairman and CEO of Circle. "Together, we see incredible opportunities to leverage USDC to expand dollar access, support savings and investment with innovative digital asset products, and reach people and businesses throughout global emerging markets."About CircleCircle (NYSE: CRCL) is one of the world's leading internet financial platform companies, building the foundation of a more open, global economy through programmable blockchain infrastructure, digital assets, and payment applications. Circle's platform includes the world's largest stablecoin network anchored by USDC, Circle Payments Network for global money movement, and Arc, an enterprise-grade blockchain designed to become the economic operating system for the internet. Enterprises, financial institutions, and developers use Circle to power trusted, internet-scale financial applications.Final ThoughtsThe renewed partnership builds on Binance and Circle's existing relationship, deepening it with a direct equity stake and a five-year commitment to promoting USDC's use.Under the agreement, Binance will focus on bringing USDC to more users globally, especially in emerging markets, while Circle continues to provide the infrastructure that supports holding and using the stablecoin. Together, the investment and the partnership reflect a shared, long-term commitment to expanding access to a stable, trusted digital dollar.Further ReadingCircle and Binance Form a Strategic Partnership to Accelerate AdoptionStablecoins Explained – How They Work, Why They Matter, and How to Use ThemHow to Send and Spend USDC With Binance PayForward-Looking Statements: This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding our future operating results and financial position; our plans with respect to the anticipated future expenses and investments; expectations relating to certain of our key financial and operating metrics; our business strategy and plans; expectations relating to legal and regulatory proceedings; expectations relating to our industry, the regulatory environment, market conditions, trends and growth; expectations relating to customer behaviors and preferences; our market position; potential market opportunities; and our objectives for future operations. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions. For a detailed discussion of the risks, uncertainties, and other factors that could cause our actual results to differ materially from those anticipated or expressed in any forward-looking statements, see the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on March 9, 2026 as well as in other filings we may make with the SEC from time to time. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Main TakeawaysAugust's recovery was confirmed by flows. Sustained ETF inflows into BTC and ETH, plus a $2.5 billion short liquidation, reset bearish positioning, pushing BTC from ~$65,000 toward $78,000.Stablecoin off-ramping anchored OTC turnover, with ~90% of top-volume flows driven by USDT-to-USD. Block demand across BTC, ETH, and SOL remained consistent, alongside a broadening MENA and LATAM fiat corridor footprint.Trading volumes are up 233% year to date through August 2026, reflecting roughly 3.33x growth and rising institutional demand for discreet, high-quality liquidity.In this eighth edition of the Binance OTC & Execution Services Monthly Digest, we recap an August where the recovery was confirmed by flows rather than macro. Rate expectations turned more hawkish as stalled U.S.–Iran talks pushed oil higher and the July FOMC minutes revealed a 9–3 split. Yet ETF demand accelerated across both BTC and ETH, a $2.5 billion short liquidation cleared crowded bearish positioning, and BTC climbed from around $65,000 toward $78,000 as sentiment swung from Extreme Fear to Greed.We will also cover the growth in volumes traded on the Binance OTC desk and what client flows reveal about institutional positioning: stablecoin off-ramping, BTC, ETH and SOL block demand, new MENA and LATAM fiat corridors, and a cross-pair execution filling NEAR/BTC and NEAR/PUMP at a single all-in price.What’s New at Binance OTC & Execution ServicesTrading volumes across Binance OTC & Execution Services are up 233% year to date through August 2026 compared with the same period last year, reflecting roughly 3.33x growth and rising institutional demand for discreet, high-quality liquidity. For institutions trading at scale, settlement speed is a competitive advantage. As one client from the UAE put it: "What used to take considerably longer now happens in about an hour, and that kind of turnaround has made a real difference. Faster settlement means we can move with more confidence and scale our trading volume with Binance in a way that was not possible before."August 2026 Crypto Market Analysis: Recovery Confirmed by FlowsMacro and Geopolitics: A Supportive Start That Partly UnwoundAugust started well. Short-term yields sat at 4.03% and long-term at 4.63%, oil had fallen back to about $79 from a conflict-driven peak near $102, and the S&P 500 hit a record. Markets expected the Fed to hold rates steady in September rather than raise them.However, talks between the U.S. and Iran stalled, pushing oil to nearly $92 by August 20. Minutes from the July Fed meeting then showed three of twelve officials had argued for a rate hike. The same day brought an offset: the Treasury doubled the size of its long-end bond buybacks, adding about $14bn of buying capacity. The desk would not characterise this as quantitative easing, but the effect is similar, and it only begins in September.Sentiment and Flows: A Genuine Institutional ReturnSpot BTC ETFs turned positive for the first time since the June sell-off, then accelerated to ~$1.9bn in the week of August 17 alongside $600mn into ETH. This broadening ETH participation marks a shift from crypto-native to allocation-driven demand.Sentiment followed with a lag, then overshot. The Fear and Greed Index ran from 25 to roughly 80, with BTC moving from ~$65,000 toward $78,000.Market Structure and BTC OutlookWith BTC DVOL near yearly lows around 37.6 against a February spike near 92 and subdued perpetual volume, mid-August signaled fatigue rather than conviction. That was resolved abruptly following a $2.5bn+ short liquidation around August 19, which cleared crowded bearish positioning and drove the rebound, lifting BTC implied volatility to ~42% and ETH to 58%. The market is healthier after deleveraging, but quicker to react.Through a Wyckoff lens, the desk reads a Phase C to D transition (a shift from accumulation testing into early markup, where shakeouts give way to sustained directional moves), closer to early-2023 accumulation than late-2022 stress.The desk stays constructive but cautious. Confirmation needs a trendline reclaim on convincing volume, sustained inflows, and the Fed staying on hold despite oil-driven inflation pressure. A retracement into $61,000–$67,000 first remains plausible.Observations on the Binance OTC Desk From an asset perspective, BTC and ETH remain the most consistent sources of institutional block demand in August, followed by SOL, which has also seen steady activity. Stablecoins continue to anchor flows, with ~90% of volume driven by clients off-ramping stablecoins to fiat, overwhelmingly USDT to USD.In addition, we continue to see selective but meaningful demand across liquid altcoins. In August we traded:Majors: BTC, DOGE, ETH, SOL, XRPStables: BFUSD, RLUSD, U, USD1, USDC, USDTAlts: A2Z, ADX, APT, BIFI, DATA, FORTH, HEMI, HOOK, IDEX, LRC, NXPC, POL, QI, REI, RUNE, SUI, THETAOn the fiat side, off-ramp demand spanned a broadening set of currencies. In August we settled flows into: USD, BHD, MXN, AED, KZT, BRL, ARS, and COP, reflecting continued growth in our MENA and LATAM off-ramp corridors.How Binance OTC Fills a Cross Pair at a Single PriceA retail client recently wanted to buy NEAR with 5 BTC. There is no direct pair on the Spot orderbook, so the conventional route would have been to sell BTC into USDT or USDC, then buy NEAR with the proceeds – two separate tickets.The pain points stack up. The user pays a trading fee twice and crosses two spreads. Price moves once the first leg fills, often making the second less favorable. And they carry both the timing judgment and genuine uncertainty over where the trade ultimately lands.Instead, we quoted the full NEAR/BTC trade as one all-in price, in one trade. The client returned a week later to sell 80,000 NEAR for PUMP, again filled in a single trade at one firm price for the whole size.This is where the desk adds value beyond off-orderbook execution. For any investor trading assets without a direct spot pair, OTC offers completion in one trade at one price for the entire order, minimizing slippage.Binance OTC & Execution Services: Institutional Crypto Liquidity PlatformBinance OTC & Execution Services is a premier, one-stop solution for executing large or complex crypto trades with confidence and discretion. We support all assets listed on the Binance Spot market, including direct and cross pairs, covering over 445 crypto and fiat assets, one of the broadest OTC asset selections in the industry. Clients can benefit from:Zero exchange fees with market-competitive spreadsDedicated traders delivering institutional-grade execution on every orderAccess to deep, multi-venue liquidity pools, the deepest in the industryFlexible settlement options and no upper size limits on trade ticketsFast-Track Your VIP Status Through OTC TradingOTC trading volume counts toward your VIP tier at a 4x multiplier. In other words, every $1 you trade through Binance OTC & Execution Services counts as $4 toward your 30-day spot volume requirement. This applies across the entire OTC suite, making OTC one of the fastest ways to reach and maintain your VIP status.Here's how much OTC volume you need to qualify for each tier:VIP Level30-Day Spot Volume RequirementOTC Equivalent (with 4x Multiplier)VIP 1$1,000,000$250,000VIP 2$5,000,000$1,250,000VIP 3$20,000,000$5,000,000VIP 4$75,000,000$18,750,000VIP 5$150,000,000$37,500,000VIP 6$400,000,000$100,000,000VIP 7$800,000,000$200,000,000VIP 8$2,000,000,000$500,000,000VIP 9$4,000,000,000$1,000,000,000For example, executing $250,000 in OTC volume within a rolling 30-day period – combined with the required BNB holding – is enough to qualify for VIP 1 status. Every OTC pair counts, whether you're trading BTC, ETH, or long-tail altcoins.Note: This excludes trades where the user acted as a liquidity provider for OTC transactions, as well as fiat-to-stablecoin, stablecoin-to-fiat, and stablecoin-to-stablecoin pairs.Final ThoughtsAugust's recovery was led by capital. The month opened with softer yields, cheaper oil and record equities, then partly unwound as peace talks stalled and FOMC minutes shifted pricing from cut-or-hold toward hike-or-hold. With sustained ETF inflows into both BTC and ETH, and a $2.5 billion short liquidation that reset positioning, the market is now healthier but quicker to react.Client flow reflected this engagement. Stablecoin off-ramping anchored turnover, alongside consistent block demand across BTC, ETH and SOL, selective interest in liquid altcoins, and a broadening set of settlement currencies across MENA and LATAM.Whether the requirement is a large single-ticket block or a cross pair with no direct orderbook, Binance OTC & Execution Services is ready to deliver discreet, institutional-grade execution.Contact Binance OTC & Execution ServicesBinance OTC & Execution Services is accessible via the Binance website. To get started, contact the OTC Trading Desk at @Binance_OTC_Desk on Telegram or email trading@cf-workers-proxy-cyt.pages.dev.If you already work with a Binance Account Manager, reach out to them directly for bespoke execution support or to discuss the themes covered in this blog.Further ReadingBinance OTC Monthly Insights - August 2026Binance VIP Program Criteria Update: Lower VIP 3 Holding Threshold and Integrate OTC Trading Volume into Spot VolumeBinance Execution Services Gets a Major Upgrade: Faster, Smarter OTC Trading – All in One DashboardDisclaimer: 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. 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.

Main TakeawaysTokenized equities have grown quickly, and more of the equity lifecycle is starting to move onto blockchain rails, including trading, settlement, and pre-IPO price discovery.An on-chain IPO refers to issuing shares where ownership, transfer restrictions, and parts of settlement are recorded and enforced on chain, under securities rules.Open questions remain around regulatory clarity, identity and eligibility standards, and whether shareholder rights and corporate actions can be handled reliably at scale.Equities moving on-chain is no longer a theoretical discussion. Tokenized equities now represent roughly $3 billion in on-chain value, up from about $344 million a year earlier. Activity has grown even faster than asset value. Trailing 30-day on-chain transfer volume reached approximately $37 billion in late August 2026.Behind those numbers is a broader shift in market structure. Investors are increasingly getting equity exposure through tokenized instruments, and parts of the traditional infrastructure around trading and settlement are starting to move onto the blockchain.What Does an “On-Chain IPO” Mean in Practice?An IPO is more of a sequence rather than a singular event. It includes preparing the offering, building the book, issuing shares, settling trades, updating the cap table, enforcing transfer rules, and managing corporate actions like dividends and voting.A fully on-chain IPO would move more of that sequence onto blockchain rails. The shares would be issued as tokenized securities using a compliant standard. Ownership would be recorded on-chain, and transfers would be enforced through smart-contract rules tied to eligibility. Cash and shares could settle near-instantly, meaning payment and delivery happen simultaneously instead of going through a multi-day process.What’s the Difference Between an On-Chain IPO and an ICO?It’s important to draw a clear distinction between on-chain IPOs and initial coin offerings (ICOs). ICOs proved that fundraising could happen on blockchain rails, but the new tokens they issued typically sat outside traditional securities infrastructure, often without the same disclosures, listing standards, or investor protections. An on-chain IPO is still an IPO. It keeps the features of a public offering and still sits under securities rules. The difference is that the recordkeeping, transfer logic, and parts of settlement can be handled on-chain.ICOOn-Chain IPOWhat’s issuedProject tokenEquity represented in tokenized formMain purposeFundraising for a project/networkRaise capital through a public equity offeringRulebookOften launched outside public-markets infrastructureIssued under securities rules and public-offering requirementsWho can buyInconsistent across projects and jurisdictionsRequires investor eligibility controls, such as KYC/AMLRecordkeepingToken balances on chainOwnership and transfer rules enforced on chainSettlementOn-chain transfer; funding methods variedNear-instant and simultaneous settlement (shares vs stablecoins)RightsNo standard shareholder rightsIntended to support equity-like rights and corporate actionsA Three-Stage Shift1. Access and price discoveryTokenized equities allow investors to trade equity-linked instruments on crypto rails, often with 24/7 availability. This gives retail investors a new form of exposure, letting them respond when news breaks and act on the large share of price movements that happen outside market hours.2. Infrastructure As trading activity grows, more of the back-end system can move on chain. This includes settlement and collateral, along with workflows that connect tokenized equities to on-chain applications for lending or margin. This is where many of the efficiency claims around tokenization come from. Moving settlement closer to real time changes counterparty risk, margin requirements, and operational complexity.3. The primary market The most challenging step, and also the most significant. The gap it addresses is measurable: average day-one valuations settle around 31% above the IPO offer price, and that repricing happens before most investors can participate. Some pre-listing products already allow for price discovery ahead of a traditional IPO, and in principle those markets can transition into equity-linked derivatives or tokenized shares after listing. If share issuance can happen on chain, then tokenization becomes part of the actual IPO process instead of after the fact.The Current On-Chain IPO LandscapeIn April, France’s ST Group completed what has been described as Europe’s first fully on-chain IPO through the regulated Lise exchange. In the U.S., the New York Stock Exchange filed rule changes in April that would allow securities to trade in tokenized form, while Nasdaq received SEC approval in March for its own tokenized-securities framework. These developments do not mean the IPO process is already on chain everywhere, but they do show that major venues and regulators are actively evaluating how tokenized securities fit into existing frameworks.Why You Should CareOn-chain equity issuance can change the practical experience of buying and holding shares. The first difference is timing. If shares and stablecoins can settle atomically, payment and delivery can happen at the same time, which could reduce the two-day wait that exists in traditional settlement. The second difference is access. Tokenized shares can be traded outside standard exchange hours and can be bought in smaller amounts, which matters for higher-priced stocks.There are still guardrails that have to be in place. Public equities come with rules around who is eligible to buy, what issuers must disclose, and what shareholder rights look like. Those rules can be enforced through on-chain infrastructure, but only when identity checks, eligibility standards, and corporate actions like dividends and voting are implemented in a consistent way that regulators and institutions accept.Tokenized equities already exist, but the true debate revolves around how the market moves from just trading into the deeper parts of the system, including settlement, collateral, and primary issuance, and what regulators and institutions require before those pieces become widely used.Final ThoughtsOn-chain IPOs are best understood as the next phase of a transition already in motion. Trading and access have moved first with tokenized securities. Settlement and infrastructure are moving next. Primary issuance is beginning to be tested, and it will likely be the slowest part to mature because it touches corporate law, securities regulation, and investor protection directly.For users, equity exposure is increasingly available on crypto rails, and the mechanisms for issuing and managing tokenized securities are becoming more formal. The long-term question is whether the full lifecycle of a public company’s shares can be recorded and enforced on-chain in a way that regulators, issuers, and investors trust.Further ReadingFrom TradFi to Crypto: Learn on Binance Academy TodayInside the Numbers Behind Binance’s Financial Super AppWhy Tokenized Securities? A Look at bStocks vs. Traditional StocksDisclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysThis research looks at what data on tokenized equities, stablecoin liquidity, and wallet security reveals about how market infrastructure is evolving.The findings show tokenized equities gaining traction, more trading happening after hours, and stablecoin liquidity concentrating on Binance.Together, they point to Binance playing a growing role across trading, liquidity, and custody in an increasingly always-on market.Every month, crypto’s research desks publish work that rewards a closer read. August 2026 brought four worth knowing about: DeFiLlama on after-hours tokenized stock trading; CryptoQuant on stablecoin reserves; The Block on wallet security; and CoinDesk on real-world-asset inflows. Read on to see what each report found, and what the findings add up to.DeFiLlama: Tokenized Stock Trading Concentrates After HoursDeFiLlama analyzed six weeks of hourly trading data across major tokenized stock venues to examine activity outside traditional U.S. market hours. It found that more than half of weekday trading volume takes place outside the regular session. Binance leads both during and outside U.S. market hours, with its share of activity increasing after traditional markets close.Chart 1: Share of tokenized stock volume, comparing market hours, weekday off-hours, and weekendsThe difference partly reflects how tokenized stock venues are structured. Some mint and redeem against live trades in the underlying U.S. markets, making them dependent on traditional market hours. Others rely on pre-funded liquidity pools, which can become thinner outside market hours or offer a more limited range of assets over the weekend. bStocks (tokenized securities on Binance), by contrast, trade through Binance’s order book around the clock. According to DeFiLlama, this continuous liquidity could give Binance a larger role in tokenized stock price discovery when traditional markets and other venues are less activeCryptoQuant: Stablecoin Reserves Have ConcentratedStablecoins held on exchanges reflect ready trading capital. According to CryptoQuant, exchange-held stablecoin reserves have fallen by around 20% from their late-2025 peak to roughly $64 billion, largely in USDT.A smaller reserve base can be a sign of a quieter market. That was also the case in 2022, before reserves expanded again during the recovery that followed. What stands out this time is where the remaining capital is concentrated.Of all stablecoins held on centralized exchanges, a little over two-thirds are on Binance, up from the low-60% range late last year. CryptoQuant’s data also shows a smaller decline in stablecoin balances on Binance than across the exchange market as a whole. As a result, a significant portion of trade-ready stablecoin liquidity currently sits on Binance, reinforcing its role as a primary venue for deploying capital when market activity picks up.The Block: How MPC Wallets Reduce Seed-Phrase RiskA July breach of a widely used hardware wallet cost users around $130 million. The wallet’s key generation wasn’t sufficiently random, making some seed phrases predictable and allowing attackers to reconstruct them remotely. This meant users could have followed every best practice and still lost funds because the seed phrase was compromised from creation.That’s the problem The Block’s report examines: the risk of a single key controlling an entire wallet. Multi-party computation (MPC) addresses this by splitting signing authority across separate key shares, with two of three shares commonly required to approve a transaction. The full key is never reassembled, while individual shares can be rotated when a user changes devices, meaning recovery does not require starting over with a new address.The report uses Binance Wallet as a case study, highlighting its default MPC design and two-of-three key-share model. MPC cannot prevent phishing, malicious approvals, compromised devices, or unsafe transactions users authorize themselves. But by removing the seed phrase as a single point of failure, it makes self-custody and recovery more resilient.CoinDesk: Tokenized Equities Lead RWA InflowsAccording to CoinDesk, real-world assets (RWAs) have held up better than much of crypto this year, with total market capitalization passing $30 billion and their share of both spot and perpetual futures volume rising even as overall trading activity contracted.Within that market, tokenized equities have emerged as a major area of demand. CoinDesk found that they led 30-day net inflows, ahead of bonds and gold. Together, the three categories accounted for roughly three-quarters of RWA inflows.bStocks has grown quickly within tokenized equities. CoinDesk reports that bStocks reached second place by market capitalization within two months of its June launch and now accounts for 90% of on-chain tokenized equity volume.The user behavior behind that growth is particularly telling. In July, 58.5% of bStocks holders also traded perpetual futures or direct equities, while around 31% of assets under management were posted as margin collateral. For many users, tokenized equities appear to be part of a broader trading strategy rather than simply assets to hold, helping explain the demand for continuous, after-hours access highlighted by DeFiLlama.Final ThoughtsAugust’s reports point to a market becoming more concentrated around liquidity, continuous access, and stronger infrastructure. DeFiLlama shows tokenized stock activity clustering around venues that remain active beyond U.S. market hours. CryptoQuant shows exchange-held stablecoin liquidity becoming more concentrated, while CoinDesk highlights the rapid growth of tokenized equities and their use in active trading strategies.As more assets trade around the clock and move onchain, custody becomes part of the same picture. Binance Wallet’s MPC design addresses one of self-custody’s key vulnerabilities by reducing reliance on a single seed phrase. Taken together, the reports show liquidity, access, and security increasingly converging — with Binance playing a growing role in how users trade, move capital, and manage assets across an always-on market.Further ReadingWhat Drove Bitcoin’s August Rally?How Binance Users Traded While Wall Street Was ClosedbStocks Is Scaling Faster Than Any Other Tokenized Stock Product

Main TakeawaysThe CLARITY Act is proposed U.S. legislation designed to clarify when digital-asset transactions fall under securities laws, when digital assets qualify as digital commodities, and how responsibility is divided between the SEC and CFTC.On September 15, 2026, the Senate’s procedural cloture vote to advance consideration of the CLARITY Act failed 49–50, short of the 60 votes required to proceed to debate.The vote outcome keeps the bill at the procedural stage and leaves open a route to reconsider the motion at a later date. Although the legislation would apply primarily in the United States, its treatment of digital assets, trading platforms, DeFi, stablecoins and other market activity could influence how crypto markets develop internationally.On September 15, 2026, the U.S. Senate failed to advance the CLARITY Act, after a procedural cloture motion received 49 votes in favor and 50 against, short of the 60 votes required. With the procedural vote complete, here’s a look into what the bill aims to do, the issues lawmakers are still debating, what changed in the latest Senate draft, and what the failed vote means for the crypto industry.What the Senate Voted OnThe September 15 vote was a cloture motion, which is a procedural vote on whether to advance consideration of the legislation. If at least 60 senators vote to invoke cloture, the Senate can proceed to debate, with further amendments still possible before a final vote on passage.In this case, the motion failed 49–50. Senator Thom Tillis subsequently changed his vote to “no” for procedural reasons, preserving the ability to seek reconsideration of the motion at a later date. Under Senate rules, a motion to reconsider is generally available only to a senator who voted on the prevailing (winning) side, which in this case was “no”.What the CLARITY Act is Trying to SolveIn the U.S., lawmakers and regulators have wrestled for years with how existing securities and commodities laws should apply to digital assets. One of the central questions is whether a particular transaction involving a digital asset constitutes an investment contract subject to securities laws, and how the underlying asset should be treated when it is subsequently traded.This distinction matters because a project may initially sell digital assets as part of a capital-raising arrangement that is subject to securities laws, while subsequent transactions in the underlying asset may present different legal and regulatory questions. The CLARITY Act seeks to establish clearer statutory rules for those circumstances and for the markets and intermediaries through which digital assets are traded.SEC vs. CFTC and a Key DistinctionTwo U.S. regulators are central to the debate. The Securities and Exchange Commission (SEC) oversees securities markets.The Commodity Futures Trading Commission (CFTC) regulates U.S. derivatives markets and has anti-fraud and anti-manipulation authority over spot commodity markets. What has been missing is a comprehensive federal regime for intermediaries operating spot markets in non-security digital assets.The CLARITY Act seeks to address that gap. Broadly, transactions that constitute investment contracts would remain subject to securities-law requirements, while qualifying digital commodities and the platforms facilitating their secondary trading could come within a new CFTC-supervised framework.That distinction matters in practice because it can affect which regulatory requirements apply to a transaction, which regulator has oversight, and the conditions under which platforms can offer or facilitate trading in a digital asset.What the CLARITY Act Could ChangeAt its core, the legislation would establish clearer federal pathways for both digital assets and the businesses that facilitate their trading. Transactions involving digital assets that constitute investment contracts would remain within the securities-law framework, while qualifying secondary-market transactions in digital commodities could be conducted through CFTC-regulated intermediaries.The legislation would also give the CFTC new authority over registered digital commodity exchanges, brokers and dealers operating in spot markets. This is significant because the CFTC currently has substantially less comprehensive authority over spot commodity markets than it has over futures and derivatives.The result would be a more defined federal rulebook covering areas such as registration, customer asset protection, disclosures, market integrity and conflicts of interest.New Expectations for Platforms and ProjectsUnder the proposed framework, digital commodity exchanges, brokers and dealers within the CFTC regime would be subject to registration and requirements covering matters such as customer assets, recordkeeping, conflicts of interest and market integrity. Separate disclosure and disposition requirements would apply to certain issuers, projects and insiders.The objective is to create regulated pathways for both the primary issuance and secondary trading of digital assets rather than relying principally on enforcement actions and court decisions to establish the boundaries.Why the Bill Has Been ContentiousThe debate centers on the details: what the rules should be, who enforces them, and whether the bill leaves meaningful gaps.Stablecoin rewardsOne of the most contested issues has been whether crypto platforms should be able to offer rewards connected with payment stablecoins. The GENIUS Act already prohibits payment stablecoin issuers themselves from paying interest or yield solely for holding a payment stablecoin, but debate has continued over rewards offered by exchanges and other third parties.Banks have argued that interest-like rewards could encourage customers to move deposits out of the banking system and potentially reduce the funding available for lending. Crypto industry participants have argued that an overly broad prohibition could restrict competition and prevent legitimate payment, loyalty and other activity-based incentives.The latest Senate proposal sought to distinguish rewards for simply holding stablecoins from rewards linked to their use. It also included a mechanism allowing the Treasury to intervene if stablecoin activity causes substantial harmful deposit outflows from community banks. The compromise has not ended the disagreement, and banking groups continue to press for tighter restrictions.Federal framework vs. state authorityAnother area of debate is how much enforcement authority should remain with the states alongside the new federal framework. The latest Senate draft included provisions allowing state attorneys general to play a role in enforcing certain requirements, including some of the bill’s ethics provisions.Supporters of a stronger federal framework argue that nationally consistent rules would reduce fragmentation and give businesses greater certainty. Others want to ensure that states retain meaningful enforcement tools, particularly where fraud, consumer harm or misconduct affects residents directly.Conflicts of interest for public officialsConflicts of interest involving public officials were one of the most difficult issues in the final round of negotiations leading up to the vote. The latest proposal strengthened restrictions relating to federal officials and digital-asset interests and gave state attorneys general a role in enforcing certain ethics provisions. Supporters of the compromise argue that it established meaningful safeguards, while some lawmakers continue to argue that stronger restrictions are needed. The issue was central to the negotiations ahead of the September 15 vote and would remain relevant if lawmakers seek to revive the legislation, given the 60-vote threshold required to invoke cloture.Where the CLARITY Act Stands NowThe September 15 cloture vote left the CLARITY Act at the procedural stage rather than moving it into Senate debate. The 49–50 result fell short of the 60 votes required to invoke cloture. Senate procedure nevertheless preserves a route to reconsider the motion, so the vote does not formally end the legislation.If enacted, the legislation would not immediately answer every regulatory question. The SEC, CFTC and other federal agencies would need to implement significant parts of the framework through rulemaking. For crypto businesses, however, the legislation could replace some of the existing regulatory uncertainty with more explicit federal rules governing issuance, trading and market intermediaries.If the legislation ultimately does not pass, digital assets do not become unregulated. Existing securities, commodities, banking, anti-money laundering and state laws would continue to apply, alongside ongoing regulatory rulemaking and court decisions. The difference is that many of the jurisdictional boundaries the legislation seeks to settle would remain less clearly defined.Final ThoughtsThe CLARITY Act is ultimately an attempt to replace years of regulatory uncertainty with a more defined federal framework for digital asset markets. It addresses not only how different digital-asset transactions are treated, but also who regulates trading platforms, what protections apply to customers, and what obligations projects and intermediaries must meet.For users, the practical effects could include clearer rules around which assets platforms can offer, what disclosures and safeguards apply, and who is responsible for oversight. For the industry, the central question is whether Congress can establish a framework that provides sufficient regulatory certainty for businesses to operate and innovate while maintaining appropriate market and consumer protections.Further ReadingHow Clear Regulation Supports Responsible Adoption and Market GrowthU.S. Crypto Week Sees Digital-Asset Rules Take ShapeBreaking Down the U.S. Senate’s Crypto Market Structure Principles

Main TakeawaysMuch of crypto's vocabulary – collateral, liquidity, yield, settlement – is borrowed from traditional finance, where the same mechanisms have operated for decades.Binance Academy's new "From TradFi to Crypto" course launches on September 16, covering asset classes, market institutions, and how each concept maps to crypto.The course assumes no trading experience or finance background, and is free to take across 6 modules in four sections.Crypto has its own vocabulary, but much of it is borrowed. "Collateral," "liquidity," "yield," and "settlement" were all in use long before the first block was mined. The same is true of the structures behind them: exchanges that match buyers and sellers, lenders that charge for the use of money, and market makers that quote both sides of a price. Learn how these work in traditional finance, and the crypto versions become much easier to understand.To help users make this connection, Binance Academy is launching a new course titled “From TradFi to Crypto” on September 16. This course explains how the traditional financial system works, from the assets people trade to the institutions that run markets, and shows how each idea carries over into crypto.Do You Need Prior Experience?The Binance Academy “From TradFi to Crypto” course doesn’t require trading experience or a finance background, as each concept is introduced in plain language and built on step by step. That said, the course isn't only for crypto newcomers. Readers who already trade crypto but have never studied the traditional system behind it may find this course useful.What You Will LearnThe course is divided into four sections and includes 6 modules. Each module is approximately 4 minutes, with a total course duration of around 25 minutes. By the end of the course, you'll be able to:Understand the Building Blocks of Traditional FinanceDefine the core components of the traditional system, including the main asset classes: stocks, bonds, foreign exchange, commodities, real estate, and exchange-traded funds. Explain how these fit into the markets and how they work.Compare TradFi and Crypto MarketsExplain where the two systems diverge and why. Look at settlement times, trading hours, custody models, and regulatory oversight, and see how each difference shapes the way people trade.Map Familiar Concepts Across Both TradFi and CryptoConnect traditional ideas to their crypto counterparts. Understand how bonds relate to yield-bearing products, how interest rates influence lending markets, and where mechanisms like funding rates come from.Read MarketsInterpret financial news, price movements, and market signals with a framework that applies to both systems. Headlines about rates, liquidity, and volatility will become easier to make sense of.Final ThoughtsTraditional finance and crypto are often talked about as separate worlds, but they share more language and structure than most people realize. Once you can see where the ideas overlap, both become easier to follow.“From TradFi to Crypto” brings this whole picture together in around 25 minutes of learning, at no cost. Start the course on Binance Academy today to better understand both the TradFi and Crypto markets.Further ReadingLearn Crypto Risk Management – Protect Your Crypto with Binance AcademyRug Pulls – What They Are and How to Spot the Warning SignsWhat Drove Bitcoin’s August Rally?Disclaimer: This content is presented to you on an “as is” basis for general information and or educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the content is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. For more information, see our Terms of Use, Risk Warning and Binance Academy Terms.

Main TakeawaysBinance Earn is updating its product category names and standardizing the product descriptions and risk warnings shown across the Earn interface.The products themselves are not changing. Mechanisms, rates, rewards, and risk profiles remain exactly as they are, and existing subscriptions are unaffected.These updates are part of our commitment to clear disclosure and user education as we scale toward 3 billion users.Binance continues to expand into a broad set of products and features — moving from just crypto to Real-World Assets (RWA) and a growing suite of traditional finance offerings.That growth has brought in a much wider range of users, including users who are unfamiliar with digital assets, particularly its yield-bearing products. As more users move between traditional finance and Web3 within the same app, product naming and disclosures need to be intuitive and consistent, so users – both newcomers and experienced – always have the information they need.Binance Earn has distributed over $4.1 billion in earnings to users worldwide since 2019, and as the platform continues to grow, clear and accessible information becomes essential to helping users make informed decisions. To make Earn easier to navigate and products simpler to compare, Binance is introducing two key updates to the interface:Product category“Earn” now covers our core products. These are the most accessible offerings. They are designed to be straightforward to understand and use.“Advanced Earn” covers products with more complex mechanisms and diverse risk profiles. This separation makes it easier to see which products suit your experience level and risk appetite.Standardized product informationAs the Earn product suite has grown and continues to expand, we are standardizing how product features and risks are presented across the platform. The goal is to avoid ambiguity and ensure product communications are consistent with the applicable terms. Product pages will now have clearer explanations of how the products work, including additional definitions of key terms and more comprehensive explanations of the underlying mechanics and risks under extreme conditions.These updates do not change how Earn products work. Mechanisms, rates, rewards, and risk profiles remain the same. If you are currently using Binance Earn, your existing subscriptions will continue as normal.Why We are Making These UpdatesAt Binance, we strive to provide the best-in-class user experience. Our ecosystem is expanding rapidly into a platform that serves a broad range of financial needs.As we scale towards our goal of 3 billion users, it’s crucial the information we provide, from product naming across supported languages to the relevant disclosures, keep pace and ensure users of all experience levels have a clear understanding of how each product works, how the rewards are generated, and the risks involved. Backed by the Most Licensed Platform in CryptoBinance holds more licenses, registrations, and authorizations than any other centralized crypto exchanges, and we are regularly examined through independent external reviews, internal audits, and regulatory inspections. Those processes shape how we describe our products. Our approach is to meet the highest standard across all markets, rather than the minimum required in each one. Our commitment to meeting rigorous standards is essential to building a sustainable financial ecosystem users can rely on.The Bigger PictureOur mission is to bring the next generation of users globally into the digital-asset economy. Most of them will not arrive as crypto natives. A financial super app must be approachable to everyone – not just crypto-natives – and these updates are a small but meaningful step in that direction.Better disclosure leads to better decisions, and better decisions lead to an ecosystem that can be trusted. And trust is the anchorstone of the industry we are shaping with our users.Final ThoughtsThese changes reflect our commitment to transparency, to leading the market on regulatory standards, and to helping our users understand what they are subscribing to.Earn products continue to offer the same value they always have, now with clearer communication behind them. If you are an existing Earn user, nothing needs to be done on your part. Your positions, and everything about how the product works, remain the same. As always, before using any Earn product, users should review the product terms and consider whether it’s appropriate for their risk tolerance.Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysCorporate clients should select “Sign up as an entity” when registering through your referral link to enter Binance’s entity onboarding process.Entity onboarding requires the completion of Know Your Business (KYB) verification covering the company, its ownership structure, and relevant representatives.Make sure the referral is correctly bound before the client begins trading so eligible activity is attributed according to the applicable referral terms.Products and services may not be available in your jurisdiction. Terms and conditions apply. Referring a corporate client to Binance starts with selecting the correct account type. The standard registration screen defaults to the individual account flow, while companies and other legal entities need to select the entity option to complete the appropriate verification process.Following the entity path from the start helps avoid unnecessary onboarding issues and gives eligible corporate clients access to Binance’s institutional products and services. This guide covers the process from generating a referral link to completing entity verification, confirming referral binding, and tracking the referral.Why Corporate Clients Should Use Entity OnboardingBinance has a dedicated onboarding process for companies, funds, and other legal entities. While an individual account verifies a natural person through Know Your Customer (KYC), entity onboarding uses Know Your Business (KYB) to verify a corporate registered entity and relevant people associated with it.The two account types are designed for different users and verification requirements. Entity onboarding also gives eligible corporate clients access to Binance’s institutional products and services, including execution services and benefits under the Binance VIP Program.Institutional-grade ExecutionEligible clients can access Binance OTC and Execution Services, including Spot and Options Request for Quote (RFQ), bespoke execution, and Indication of Interest (IOI). These services support larger or more specialized transactions where execution size, price, and market impact may be important considerations.Binance VIP BenefitsEligible corporate clients can qualify for the Binance VIP Program, which offers tier-based benefits including lower fees, higher limits, priority support, advanced insights, selected VIP opportunities, and event invitations.VIP Qualification on OTC VolumeOTC activity can also contribute toward VIP qualification. Under the Binance VIP Program Criteria Update: Lower VIP 3 Holding Threshold and Integrate OTC Trading Volume into Spot Volume, OTC Spot Trading Volume counts at a 4x multiplier toward Spot Trading Volume for VIP qualification from VIP 1 through VIP 9.Dedicated Corporate OnboardingThe entity path provides a verification process designed for legal entities, covering business registration, KYB documentation, ownership information, and authorized signatories.Entity vs. Individual Account ComparisonThe table below summarizes the main differences between the two account types.FeatureIndividual accountEntity / Corporate accountWho it's forOne natural personCompany, fund, or legal entityVerificationPersonal KYCKYB: Business registration + ownership disclosure + related partiesSub-accountsLimited (VIP-tiered, up to 20 KYC / 70 KYB)More generous, role-based access for teamsAPI accessStandard limitsInstitutional-grade, higher rate limitsOTC accessLimitedFull OTC desk access (RFQ, IOI, bespoke execution)Withdrawal limitsStandard retailHigher / negotiable for institutionsCustom pricingNoNegotiable for high-volume institutional clientsCompliance trailPersonal KYC onlyFull KYB audit trail (directors, UBOs, signatories)How to Refer a Corporate ClientThe referral process involves five steps, from generating the referral link to confirming that the client is correctly attributed to your account.1. Create Your Referral LinkStart by creating a referral link through Referral Pro:Log in to your Binance account on the website or app.Go to Profile > Referral > Referral Pro.Select Links > Create Link.Set the Spot and Futures commission ratio.Optionally, add a custom referral code and a note, such as the client’s company name, for easier tracking.Select Create, then copy the generated link.You can create up to 50 Spot referral codes with different commission ratios, which can be useful when managing multiple client referrals.2. Share It With The Corporate ClientSend the referral link directly to your corporate client and make sure they understand that it should be used to register an entity account rather than an individual account.When they reach the registration page, they should select “Sign up as an entity.”3. Ask Your Client to Sign Up as an EntityOn the registration screen, the client should select “Sign up as an entity” rather than proceeding with the default individual registration flow. This directs them to corporate onboarding, where they will complete business registration and Know Your Business (KYB) verification instead of personal Know Your Customer (KYC) verification.The client will then need to provide:Legal entity name: This must match the company’s registration documents exactly.Entity email address: Use a business email address rather than a personal one.Email verification code: Enter the six-digit code sent to the entity email address.Entity password: Create a password, then select Create Entity Account.4. Complete Entity OnboardingYour client will then have to undergo the corporate onboarding process, including business registration, Know Your Business (KYB) verification, and authorized signatory verification. For the full requirements, see the Binance Entity Verification FAQ.The documents required as part of the identification and verification process depend on the legal entity type, jurisdiction, and other applicable requirements. Preparing them in advance can help make the KYB process smoother.Depending on the entity, required documents may include:Certificate of Incorporation / Business RegistrationArticles of Association / Memorandum of Association / Bylaws or equivalent. Depending on the legal form, this may include an Operating Agreement (LLC), Partnership Agreement (LP), Trust Deed (Trust), or Foundation Charter (Foundation).Operating License, if applicable to the industry or jurisdictionIndustry-specific documents, if applicable, such as an AML Program/Policy, Offering Memorandum, or Investment Management AgreementSource of Wealth and Source of Funds documentation, if applicableOwnership structure / Shareholding chart, showing percentage ownershipID documents for all directors and authorized representativesID documents for Ultimate Beneficial Owners (UBOs) – typically anyone with at least 25% ownership or control. In certain cases, the threshold may be at least 10%, depending on the entity type and jurisdiction. Binance will specify the applicable threshold during verification.Proof of address for the entity, dated within the last six months.KYB Process: 3 StagesStageWhat's requiredTime1. Basic InformationCompany registration number, country of incorporation, legal form, business nature/scope, operating address~15 min2. Related PartiesDirectors, authorized representatives, controllers, beneficial owners (UBOs) – names, roles, IDs~20 min3. Upload DocumentsAll documents from the checklist above, uploaded as PDF/images~15 minBefore submitting the application, make sure the entity name is spelled consistently across the registration form and all supporting documents. Mismatched names can lead to delays or additional information requests during KYB.5. Bind the Referral and Claim CreditOnce the entity account has been created, the client needs to confirm that your referral is correctly bound to their account.To complete the referral binding:Ask the client to open your referral link again or go directly to Binance Referral Binding.Select Log In and sign in using the entity account email and password.A prompt will appear asking the client to confirm the referral binding.Select Confirm to complete the process.Once confirmed, the referral is bound to the entity account and the applicable commission or discount becomes active.Each account can bind only one referral code, and the code cannot be changed after binding. Make sure the correct referral is bound before the client begins trading.Key Considerations When Referring a Corporate ClientBefore referring a corporate client, keep the following requirements in mind:ConsiderationWhat to KnowNew clients onlyYou can claim corporate referrals only for clients who do not already have a Binance account.Always use the entity pathRoute through entity onboarding, not the default individual flow.One referral per accountEach account can bind only one referral code. It cannot be changed after binding.KYB takes timeEntity verification typically takes 3-7 business days. Prepare the client for the wait.Document languageNon-English documents may require certified translation. Confirm with Binance support if unsure.UBO disclosureAll beneficial owners (≥10% or ≥25% ownership or control) must be disclosed with ID documents.Region restrictionsEntity onboarding is not available in all jurisdictions. Check the supported countries list before referring.Name consistencyThe entity name must match exactly across the registration form and all uploaded documents.VIP still requires volumeEntity onboarding gives access to the institutional ecosystem, but VIP tier qualification still requires 30-day trading volume + BNB holdings.How to Access the Referral DashboardYou can manage your referral links and track referred clients through the Binance Referral Dashboard.To access it from your Binance account, go to Profile > Referral > Referral Pro.From the dashboard, you can:Manage referral links: Create and organize referral links and track clicks, registrations, first deposits, and first trades.Monitor commission earnings: View commission breakdowns by market, country, and time period.Track referral activity: Review referred users, including available information on registration date, verification status, trading volume, and commission split.Check evaluation tiers: View your current commission tier, progress toward the next tier, and the requirements for maintaining or reaching higher rates.For corporate referrals, the Referral Links and Referrals sections are particularly useful. Creating dedicated links and adding notes can make it easier to identify individual clients and track their progress.Common Questions About Corporate ReferralsCan A Corporate Client Refer An Individual Account? Yes. Corporate clients can refer individual users through the Binance Referral Program. Can I Refer a Corporate Client Who Already Has a Binance Account?Corporate referrals are intended for new Binance clients. If the client already has a Binance account, whether individual or entity, they cannot be attributed to a new referral.What if My Client Accidentally Signed Up as an Individual?If a corporate client accidentally creates an individual account, there are two possible routes:Option A – Request an internal switch: Contact Binance Support to request an account-type conversion. This allows the client to retain their existing account and trading history, but they will still need to complete the full KYB verification process for the entity.Option B – Restart with an entity account: Delete the individual account and restart the registration process using the entity path. This means the existing account history will be lost, and verification will need to be completed again from the beginning.Before deleting the account, contact Binance VIP Support to check whether an internal switch is available.This can save the client's account history, but full entity verification is still required. Does an Entity Account Automatically Get VIP Status?Entity onboarding does not automatically grant VIP status. VIP tier qualification is based on the applicable Binance VIP Program criteria, including 30-day trading volume and BNB holdings.An entity account provides access to the institutional ecosystem, including eligible services such as OTC trading, sub-accounts, and higher limits, while the applicable VIP tier must still be qualified for separately.Clients can also request a VIP trial period through their Binance Account Manager. During the trial, the client receives the applicable VIP benefits. After the trial, they are evaluated based on their trading activity or asset holdings to determine ongoing VIP eligibility.Can a Client Bind a Referral Code After They Have Already Started Trading?Referral binding must be completed before significant trading activity begins. Make sure the intended referral code is correctly bound to the entity account before the client starts trading.How Long Does KYB Approval Take?KYB approval typically takes 3-7 business days from the submission of all required documents. If Binance Compliance requests additional documentation, the review timeline resets from the new submission.To help keep the process moving, stay in contact with your Binance Account Manager throughout onboarding. They can provide a direct channel for questions, track the status of the review, and help escalate issues where needed.It is also recommended to notify your Account Manager whenever documents are resubmitted or the client encounters an issue, so they can flag it with the relevant team and follow the progress.Further ReadingWhat Is the Binance VIP Program? Benefits, Tiers & How to JoinBinance VIP Retreats – An Exclusive, Invite-Only Experience Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser 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 Bahrain is helping reduce friction for eligible users between the global Binance.com platform and Binance Bahrain. Eligible existing Binance.com users may be able to benefit from a smoother verification and funding journey between both accounts.New users get an easier entry point into crypto, with fiat deposits in their own local currency.Whether you’re new to crypto or already using Binance.com, getting set up locally can mean extra and unfamiliar steps. Binance Bahrain is designed to remove that friction, for anyone looking for an easier way to manage their funds locally. Binance Bahrain B.S.C. is licensed by the Central Bank of Bahrain (CBB) as a crypto-asset service provider (licensing category-4) giving users a way to access crypto while offering access to the wider ecosystem. It’s part of a broader idea: Binance Bahrain is a regulated way to access crypto in Bahrain, so you can discover more, wherever you’re starting from.A More Connected ExperienceBinance Bahrain is designed to work alongside Binance.com, making it easier to navigate between your local and global accounts. Recent updates focus on making that experience smoother: discovering fiat features available through Binance Bahrain, moving crypto funds between a Binance.com account and a Binance Bahrain account, and authenticating seamlessly when switching between them.Smoother access to fiat features. Functionality that already existed is now easier to discover and use.Easier fund transfers between accounts. Moving crypto funds between your Binance.com and Binance Bahrain accounts is simpler than before, with zero transfer fees on eligible transfersA clearer path to registration. Eligible Binance.com users based in Bahrain may now see a prompt guiding them to register with Binance Bahrain, when depositing fiat.Bayan Jaberi, General Manager of Binance Bahrain, said: “Our focus at Binance Bahrain is on making it easier for users to access crypto through user-friendly experiences. From supported fiat channels and funding methods to a clearer onboarding journey, we want users to have more ways to get started and access digital assets through Binance Bahrain. By bringing together easier fiat access, and familiar funding methods, we are continuing to develop the Binance Bahrain experience while supporting Binance’s broader Financial Super App vision.”Two Accounts, More FlexibilityHere’s something many users don’t realize: you can hold both a Binance.com and a Binance Bahrain account, and switch between them.Not everyone wants to fund their account the same way. Some prefer to deposit in their own local currency through a Binance Bahrain entity. Others already use Binance.com and would rather keep that as their main account, dipping into Binance Bahrain when it’s more convenient. Having both means you’re not locked into one path.That flexibility extends to funding itself. Eligible users can deposit in their own local currency, through familiar methods including card and bank transfer options, with zero deposit fees on eligible fiat channels. Additionally, switching between your Binance.com and Binance Bahrain accounts is seamless within the Binance app — a quick authentication step is required to confirm your credentials and enable switching.Final ThoughtsWhat Binance Bahrain is offering is a simple idea: accessing crypto, whether for the first time or the hundredth, should feel easy — whether that’s onboarding, funding, or access. That ease of use is what Binance Bahrain is built around. Plenty of fintech products try to win users by simply adding things, a new feature, incentive, or reason to switch. Binance Bahrain takes a quieter approach: smoothing out the small frictions in a platform that was already performing. It’s the kind of progress that sticks, even when it’s easy to overlook. That’s the idea behind “discover more” — an easier way to find your way around an ecosystem that was already there. Binance Bahrain. Discover more.Further ReadingBinance Bahrain and GFH Launch Bahrain’s First Bank-Integrated Crypto Payment SolutionBinance Bahrain Sets a New Standard for Enterprise Crypto Connectivity With Link ProgramBinance Bahrain Becomes the First Crypto-Asset Service Provider to Hold a Full Category 4 License

Main TakeawaysIn the first half of 2026, Binance's AI-driven risk systems helped protect more than 8 million users and prevent approximately $4.6 billion in potential losses.AI now informs 80% to 90% of real-time risk decisions across identity verification, account security, payments and transaction screening, with human reviewers handling the edge cases that need finer judgment.Over 100 AI models power anti-fraud controls to detect scams, forged documents, and social engineering attempts at scale.A forged payment screenshot or tampered identity document can now be generated in seconds, and a scam script can be personalized for a single target at almost no cost. As deception becomes cheaper to produce, the only realistic way to keep pace is to evaluate risk continuously, at scale and in real time.That’s where AI has become central to how Binance protects its users. In the first half of 2026, Binance's AI-driven risk systems helped protect more than 8 million users and prevent approximately $4.6 billion in potential losses, covering abnormal trading activity, account takeover attempts, scams, and transaction fraud.This blog breaks down the numbers: where AI runs across the user journey, how in-house and external models work together, why human reviewers remain central to the loop, and how the approach reaches beyond loss prevention into compliance and internal operations.Binance Turns 100+ AI Models Into Real-Time User ProtectionIn H1 2026, Binance intercepted millions of scam and phishing attempts, blacklisted more than 42,000 malicious addresses, and issued over 14,000 real-time warnings daily.These outcomes come from AI infrastructure that Binance builds, trains, and supervises in-house. We now run more than 100 AI models across our anti-fraud and anti-scam controls, with human risk analysts setting the thresholds, reviewing edge cases, and retraining models as new scam patterns emerge. In KYC (identity verification), our AI-enabled review pipelines have delivered up to 100x operational efficiency gains over manual processes in specific workflows, while keeping specialists in the loop on higher-risk cases.Binance Embeds AI Risk Protection Across the User JourneyAI is embedded in the full user journey, wherever a real-time risk decision needs to be made. That includes identity verification, account security (such as detecting signs of account takeover), payments, and broader transaction protection and screening.Every action is evaluated as it happens, and the large majority are resolved automatically. This is what allows protection to operate at platform scale without slowing down legitimate users, since most people never see the checks running behind their activity.A Hybrid Model Stack, Built In-House and BeyondBinance uses a blend of proprietary and external technology. In-house models are purpose-built for the specific risks observed on the platform, while leading external AI and foundation models handle broader reasoning tasks.This hybrid approach keeps detection at the frontier of AI capability while preserving an edge that is tailored to Binance's users, products, and scale. It also means new capabilities can be adopted quickly as the wider AI field advances.Alongside the detection models, Binance runs an internal Red Team that tests defenses the way a real adversary would, including probing how emerging technology could be turned against the platform.Jimmy Su, Chief Security Officer at Binance, explains: “These exercises help us identify weaknesses before attackers do, validate that our controls work under realistic conditions, and continuously strengthen the people, processes and technology protecting our users. In security, you cannot simply assume your defenses will work – you have to challenge them.”Example: Layered Defenses Against Social EngineeringSome attacks are designed to bypass technology entirely and target trust instead. P2P trading is one area where social engineering attempts are especially common.At Binance, in-house computer vision models detect fake proof of payment images by analyzing transaction details and subtle image manipulations. Natural language processing models identify scam messages in chat. Traditional machine learning models assess the risk level of each order. On top of that, large language models help interpret message intent and catch scam text embedded inside images.Machines Screen, Humans Decide, Models LearnWhile AI is exceptional at discovery and coarse screening, humans remain essential for fine-grained validation and contextual judgment. Liveness and identity document forgery detection is a good example. AI can rapidly pre-screen large volumes and surface suspicious ones, but many edge cases still require human reviewers to label and judge more precisely. As new attack patterns emerge, AI helps uncover and identify them, and those findings are then used to fine-tune the models. The result is a continuous loop where AI provides scale and people provide accuracy. Across fraud controls, AI models make 80% to 90% of real-time risk decisions and assist in around 45% of human review workflows.To keep AI accountable at this scale, Binance applies structured model governance throughout the model lifecycle, from development and validation to deployment and ongoing monitoring. Models are tested for bias and accuracy before they go live, and their performance is tracked continuously against real-world outcomes. When a model's precision drifts or false-positive rates rise beyond acceptable thresholds, as found by the aforementioned human review process, it’s automatically flagged for retraining. This ensures that automated decisions remain fair, explainable, and auditable — not just fast.Beyond Loss Prevention: Compliance and Internal EfficiencyBeyond protecting our users, our compliance teams use AI-assisted automation tools to scale and standardize processes such as KYC fraud detection and transaction monitoring execution.More than 24 AI initiatives have been deployed across user onboarding, screening escalations, and partner due diligence. These models sort cases by priority, identify patterns across complex datasets – including on-chain activity and device fingerprints – and route the right issues to human reviewers while minimizing false alerts.Internally, the effect is similar. Analysts use AI to move faster across analysis, monitoring, and model deployment, while operations teams use it to assist with investigations and case details. In both cases, the aim is the same: handing off repetitive work so people can focus on higher-value judgment calls. That's reflected in adoption – Binance’s internal agentic tool now sees roughly 72% uptake across teams, supported by company-wide training, prompt engineering programs, and structured oversight.Underpinning all of this is a commitment to privacy by design. Binance's AI systems operate within a privacy-first framework, where data minimization, purpose limitation, and user-rights safeguards are embedded into how AI models are built and deployed. The goal is straightforward: protect users from financial abuse and harm without compromising their right to data privacy — and to do so transparently, so that users understand that safeguards are working in the background without their data being used beyond what the task requires.Final ThoughtsAt Binance, user protection is a priority we keep investing in. AI provides the scale; people provide the judgment. As the tools for producing deception get cheaper, that combination has to keep improving – which means retraining models, refining thresholds, and keeping experienced analysts on the cases that need them.Further ReadingHow Binance Security Prevented a $1.2M Governance AttackAI Versus AI – How Binance Is Defending Users in the Age of Intelligent FraudBinance Wallet Security Center – Designed to Identify, Assess, and Manage Potential Threats Across DeFiDisclaimer: This content is presented to you on an "as is" basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysBinance Agent OS connects AI agents to live Binance market data and account information, making it easier for individuals to access and act on that information through the AI tools they already use.Just weeks after launch, Agent OS surpassed 280,000 daily calls, with market and account data among its most-used features.Four Binance users share how they’re using Agent OS to research opportunities, track markets, check their own analysis, and work with advanced data.The following are individual user experiences shared for informational purposes only. They do not constitute recommendations or financial advice.Even during quieter periods, financial markets generate more information than most people could realistically follow on their own. Thankfully, AI can make it easier to understand market data and work with information that might otherwise require more time or expertise.This is where Binance Agent OS comes in. It brings live Binance data and capabilities into the AI agents people already use, giving them access to market and account information and, with the right permissions, supported trading actions – all without having to leave their own agent environment.So, what does that look like in practice? We spoke with four users about how Agent OS fits into their crypto routines, from tracking positions and researching opportunities to working with advanced market data and getting a second view on their own analysis.1. Spotting Potential Market Opportunities ‘This Dorey’ shares how she uses Binance Agent OS to research potential market opportunities.A crypto creator who goes by the name This Dorey regularly looks for market opportunities across different ecosystems. Keeping up with the market and deciding which assets are worth a closer look can take time.To help with that, she connected Binance Agent OS to the AI tool she already works with, turning it into a market assistant. The agent gives her an overview of current conditions using live Binance data, including prices and recent movements.When This Dorey wants to explore a particular ecosystem, she asks the agent to identify tokens worth researching further. It narrows down the options and explains why they might be worth considering, alongside some of the risks involved.This helps This Dorey narrow down which assets she wants to assess more closely.2. Keeping Track of a DCA StrategyBinance user Loreano buys BNB as part of a dollar-cost averaging (DCA) strategy, investing a set amount at regular intervals. As he bought BNB at different prices, he wanted an easier way to understand how much he was actually paying over time.He connected Binance Agent OS to Claude and built a simple DCA assistant. Whenever Loreano buys more BNB, the agent updates his cost calculation and compares it with the current BNB price.“I now know my real average cost, every time, without doing the math myself.”Loreano also uses the agent to check the BNB order book, compare BNB’s performance with BTC, and follow his DCA schedule. The agent can suggest his next scheduled buy, which Loreano reviews before deciding whether to go ahead or not.3. Getting a Second View on Your Market Analysis‘Crypto Yash’ shares how he uses Binance Agent OS as a second view on his own market analysis.Another user, called Crypto Yash, already has his own approach to analyzing the market and identifying potential trades. He now uses Agent OS as a second set of eyes, giving him another perspective before making a decision.Crypto Yash asks his AI agent to assess an asset using live Binance data, looking at factors such as market trends, key price levels, and liquidity. He then studies the same asset using his trading model and puts the two results side by side.This shows him where the agent agrees with his conclusions, where its assessment differs, and whether there is anything worth taking another look at.Crypto Yash still makes the final trading decision, with the agent’s analysis serving as an independent check on his own.4. Simplifying Advanced Market ResearchMek, an institutional trader and analyst, regularly checks several sources when researching BTC before a trade. He might look at the Binance order book and open interest, then turn to other sources for information such as institutional flows. None of this is difficult for an experienced trader, but gathering everything and comparing it takes time.That’s why Mek connected Binance Agent OS to Claude. He now asks Claude to pull live BTC information from Binance and analyze several market indicators at once. He then has Claude bring in information from outside Binance, including institutional flow data, and consider it alongside the Binance market data. This gives him a broader view of the market without having to piece everything together himself.For Mek, having that information together gives him a more current picture of the market when deciding how to size a position.Making Financial Tools More AccessibleAI can help make financial information and tools more accessible to individuals, including those who may not have the time or expertise to carry out more complex market analysis themselves. This could help lower some of the barriers to participating in financial markets and, over time, support greater financial inclusion.The early interest in Agent OS suggests there is demand for this kind of access. Just weeks after launch, it surpassed 280,000 daily calls, while MCP connections doubled and daily call volumes increased 20x during its first week. Market and account data are among its most-used features.Agent OS works with Claude Code, Cursor, Codex, ChatGPT, and VS Code. Visit the Agent OS page to learn more and get started.Mention of third-party tools is for informational purposes only and does not constitute an endorsement or recommendationFurther Reading3 Ways People Are Already Using Binance Agent OSIntroducing Binance Agent OS: Built for AI Agent IntegrationBinance Agent OS Playbook: Choosing the Right Tools for Your AI AgentDisclaimer: Your use of Binance AI, including any Binance AI Service, is at your own risk. It is provided to you on an “as is” and “as available” basis, without representation or warranty of any kind. You are solely responsible for all of your Prompts. Prompts may be used for training purposes. AI Inputs may include various unvetted third party sourced content. Any sourced content is provided “as is” without any guarantee. Binance may restrict or alter sourced content based on various compliance safety filters, however this is not absolute. Binance does not endorse or guarantee any AI Outputs. AI Outputs may include or reflect content, positions, views and opinions of third parties unknown to Binance, which may also include errors, biases, synthetic data and or outdated information. Any AI Output should not be solely relied on for decision making. AI Outputs do not constitute any kind of advice by Binance nor any other intermediary services. Binance AI may use or make available third party AI Tools without any guarantee and subject to third party terms. Where AI Tools are configured by yourself or a third-party, you indemnify Binance against all liability. Binance does not guarantee any AI Tools. Binance AI may respond to your requests, but without any guarantee that your request will be fulfilled satisfactorily or at all. Digital asset prices can be volatile. You are solely responsible for your investment decisions and Binance is not liable for any losses. Digital asset prices can be volatile. DYOR. Use of Binance AI may be subject to additional Binance Product Terms, where applicable. For more information, see our Terms of Use, Risk Warning and AI Policy and Terms.Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

Main TakeawaysConvert Recurring lets you automate your crypto purchases on Binance: You set your token, amount, and frequency, and Binance handles the execution.Dollar-cost averaging (DCA) is a widely used long-term investing approach that helps reduce the pressure of timing the market; for example, a recurring 10 USDT weekly purchase into BTC would have seen +333.57% capital appreciation since 2018.You can start today with as little as 0.1 USDT, enjoying full flexibility over your settings and using Smart DCA for more precise control.Choosing what to invest in is only part of the journey; staying consistent can be just as challenging. Market swings, emotions, and busy schedules can all make manual investing difficult to maintain.Since 2018, a recurring 10 USDT weekly purchase into BTC would have seen +333.57% capital appreciation. That's the power of dollar-cost averaging – not as a guaranteed formula, but as an approach that removes the hardest part of investing: deciding when to buy.Convert Recurring brings this approach to Binance, automating the execution so your investment plan runs on schedule without you needing to time the market or remember to place orders manually.What the Data Shows About Dollar-Cost AveragingDollar-cost averaging – buying a fixed amount of an asset at regular intervals – is one of the most widely studied approaches to long-term investing. By making consistent purchases over time, you naturally accumulate more of an asset when prices are low and less when prices are high, smoothing out the impact of volatility across your position.This does not mean DCA is a guaranteed way to make profits. No strategy is risk-free, and consistently buying into a weak or declining asset can simply automate losses. Research, asset selection, and risk management still matter massively.In theory, DCA works best when you’ve done your research and found a project that is fundamentally strong. Instead of putting everything into a single well-timed trade, you split your funds into consistent purchases across multiple market cycles, even when markets are uncertain. This is what Convert Recurring can help you do.Small, regular purchases can add up over time. This isn’t to say manual investing doesn't work: Plenty of people do it carefully and deliberately. It's the practice of maintaining consistency over months and years that is genuinely difficult. Even the most disciplined investors miss a week here and there because life gets busy. While Convert Recurring isn’t a hands-free trading bot that replaces your judgement, it ensures the investing plan you've decided on actually runs. You still choose the asset, amount, and the frequency.Low Barrier of Entry, Full Flexibility, and Smart DCA for Those Who Want MoreWe’ve designed Convert Recurring to be accessible to all users. The minimum order amount is 0.1 USDT, so if you’re new to all of this, you can start small, get comfortable with how it works, and adjust from there. Convert Recurring works with all supported assets, including bStocks, our tokenized U.S. securities product, so you can build exposure to selected stocks and ETFs in the same portfolio as your crypto.Beyond the low barrier, Convert Recurring settings are fully customizable – token, amount, and frequency. For users who want a more sophisticated approach, using Smart DCA will dynamically adjust your recurring purchase size based on the Fear & Greed Index. When the index signals fear (0–40), the plan automatically buys more. When it signals greed (60–100), it buys less. You can also set custom multipliers anywhere from 10% to 200% to fine-tune how aggressively the adjustments are made. Final ThoughtsBuilding your first portfolio on Binance doesn’t have to be complicated. Convert Recurring takes one of the most straightforward investment approaches available, buying consistently at set time intervals, and automates it entirely. If you'd like to understand more about Convert's advanced settings, read this guide. If you’re ready to set up your first recurring purchase, log in to your Binance account and get started with Convert Recurring today.Further ReadingBinance Convert 2025 Guide – Trade Crypto InstantlyEnhance Your Portfolio with Advanced Trading Features on Binance Convert (2025 Guide)Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser 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.