Fintech PR
Binance Releases 2023 Year-End Report
State of The Blockchain: Binance’s 2023 in Review, its year-end report situating Binance’s key milestones of the year within the wider industry context
DUBAI, UAE, Dec. 28, 2023 /PRNewswire/ — Binance, the leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, today released its 2023 year-end report. Binance shares:
The year 2023 has been a tumultuous one for crypto. Yet, even during the long periods of recovery, the building of valuable products and robust infrastructure in the Web3 space never stopped. We arrived at the end of this calendar year a stronger industry than we have ever been, having built a powerful momentum on the path to the mass adoption of digital assets.
As the industry leader, Binance has experienced the same headwinds and wins as the digital asset ecosystem at large, being influenced by – and often setting and helping to shape – some of the key trends that defined blockchain and crypto in 2023. From the rise of SocialFi to the burgeoning adoption of crypto payments, from the increased focus on compliance to the growing accessibility of Web3 products, Binance led the way, working hard to meet emerging user needs and build trust in digital assets globally.
In 2023, we welcomed more than 40 million new users, nearly a 30% increase from the end of last year, as well as saw steady growth in our key services, and introduced new products and features built for the next era of blockchain. We remained true to our core value – always putting our users first – and significantly strengthened our compliance program.
Its year-end report, “State of The Blockchain: Binance’s 2023 in Review,” consolidates the key facts, stats, and narratives that describe the year’s dynamics for Binance and the larger digital asset industry.
The People-Centric Web
The ultimate promise of blockchain and Web3 is to empower individuals through a more decentralized and user-centric online experience. Given Binance’s focus on delivering maximum value to its users, the world’s leading digital asset ecosystem continued to see strong growth in user registrations and wide adoption of its services geared toward real-world use cases and making Web3 more accessible.
By the end of 2023, Binance reached the mark of 170M registered users, offering 431 assets available for trading across 1785 trading pairs. This year, Binance saw tremendous growth in its services related to crypto payments, P2P trading, and earning. The number of people using Binance Pay or Card grew by 54 percent, served by over 3,500 new Pay merchants and partners globally who now accept crypto in exchange for goods and services.
Its P2P platform, which now supports 970 payment methods and 112 fiat currencies, processed 18 percent more trades than last year, and served 39 percent more users. Binance Earn also grew, now supporting 362 assets across its Simple Earn suite of products. In 2023, it served 35 percent more users than the year before, increasing the total value locked in its products by 16.8 percent.
Responding to the industry-wide demand for a more compelling Web3 social experience, Binance Feed evolved into Binance Square, a platform designed to be a gateway into the universe of Web3 content. Over the past year, Binance Square went from 1,200 to 11,000 creators and from under 700K to 1.6M active daily users.
Security and Compliance
Binance continued to invest in its compliance technology, processes, and talent, spending $213M in 2023, up 35 percent from the previous year’s $158M. As of the end of the year, it holds licenses, registrations, and authorizations in 18 jurisdictions around the world – more than ever before.
Ramping up its collaboration with global crime fighters to tackle illicit activity involving digital assets, Binance responded to 58,000 law enforcement requests this year, held 120 training sessions to share expertise with law enforcement agents, and supported the authorities in solving a number of high-profile cases that resulted in criminals and terrorists getting arrested, billions in ill-gotten funds seized, and international criminal networks dismantled.
To further ensure the safety of its users, Binance furthered its platform security measures and ran a series of security-focused educational campaigns. At the end of the year, the value of its SAFU fund, designed to protect users in the case of emergencies, stood at $1.2B.
Binance’s proof-of-reserves (POR) system increased the number of supported assets from 9 in 2022 to 31 in 2023, allowing anyone to ensure that we always back user assets at a 1:1 ratio, plus additional reserves.
Making Web3 Accessible
In 2023, product and user experience improvements across decentralized finance (DeFi), blockchain gaming, and SocialFi attracted new users into the universe of Web3 applications.
Responding to the demand for accessible and user-friendly gateways to the decentralized Web, Binance launched Binance Web3 Wallet – a self-custodial wallet integrated directly into the Binance app, allowing users to manage their crypto funds, execute token swaps across multiple chains, earn yields, and interact with a variety of blockchain platforms. In just a few weeks, Binance users have created millions of Web3 wallets.
Binance Labs, its venture capital and investment arm, continued to identify and support projects with demonstrated potential to unlock the benefits of Web3 and facilitate its mass adoption. This year, investments have focused on infrastructure and tooling powered by zero-knowledge proof cryptography, Web3 gaming, and innovations in DeFi. More than 2000 startups globally applied to participate in Binance Labs’ incubation and acceleration programs in 2023, with 36 of them receiving support.
Binance shares: While our numbers look strong this year, it is something impossible to quantify that we consider our greatest achievement: maintaining the trust of our growing community, which is fundamental to our mission of advancing the freedom of money globally. In 2023, users came first for Binance – and they always will.
About Binance
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
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Fintech PR
Strictly Money Launches Crowdcube Campaign, Inviting European Investors to Fuel its Growth Journey
LONDON, Dec. 27, 2024 /PRNewswire/ — Strictly Money Ltd, the London-based fintech, has launched a crowdfunding campaign on Crowdcube to invite European investors to fuel its next phase of growth. Crowdcube, Europe’s largest private market investment platform, has powered success stories like Revolut, Qonto, and Monzo. Regulated by the UK’s Financial Conduct Authority (FCA), Crowdcube provides a trusted and innovative platform for investors to participate in transformative ventures.
Strictly Money’s primary objective with this campaign is to accelerate its growth, fuel product development, and expand its shareholder base. The funding will enable Strictly Money to launch its payment card and banking app in early 2025 and to strengthen its market presence in Scandinavia, the UK, and Ireland. The company plans to introduce hedge fund returns products, broadening investment options for consumers by the end of 2025.
Discover how you can be part of Strictly Money’s growth journey by visiting our Crowdcube campaign at https://crowdcube.getstrictlymoney.com.
Will Povey, CEO and Co-Founder of Strictly Money, said: “At Strictly Money, our vision is to empower everyday investors with access to wealth-building tools and opportunities that were previously reserved for high-net-worth individuals. With this crowdfunding campaign, we aim to bring together a diverse community of investors who share our passion for financial innovation and inclusivity. This funding will not only help us launch our innovative debit card and app but also drive the development of new products that deliver real value to our users.”
About Strictly Money:
Strictly Money is a UK-based financial technology company set to launch a debit card and a cutting-edge banking app in early 2025. The company aims to democratize access to high-performing hedge fund returns, providing innovative investment strategies and financial solutions tailored to investors, savers, and entrepreneurs. Strictly Money’s mission is to open up premium investment opportunities traditionally limited to high-net-worth individuals (HNWIs). For more information, visit https://strictly-money.com.
For media inquiries contact:
Mary Prendergast
Email: [email protected]
Important Notice:
Investing in startups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. Please read the full Risk Warning on Crowdcube’s website before deciding to invest.
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Fintech PR
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Yaber reported a remarkable 100% year-over-year sales surge during Black Friday. The T2 outdoor projector, featuring a built-in battery and handle-to-stand design, ranked among Amazon’s Top 3 “Most Wished For” list. Meanwhile, the L2s projectors, available in exclusive Pantone colors, sold out shortly after launch.
Yaber T2 projector is currently available at Christmas sale on Amazon and the official Yaber website. Meanwhile, pre-orders for the L2s projectors in exclusive Pantone colors will reopen in mid-January 2025.
This year, Yaber further expanded its global retail presence, debuting at the iconic Selfridges in the UK and securing placements in MediaMarkt across EMEA, Canada’s London Drugs, Saudi Arabia’s EXTRA, Belgium’s FNAC, Greece’s PUBLIC, Czech Republic’s Datart, Japan’s Bic Camera and Yodobaxi, and Malaysia’s premier IOI City Mall and Plaza Low Yat.
Looking ahead, Yaber is set to unveil its first ultra-short-throw laser projector and a new Keith Haring-inspired entry-level model at CES 2025. The launch event will take place at 4:00 PM PST, January 6, 2025 at Caesars Palace, Las Vegas. Visit Yaber’s booth in South Hall 1-30808 at Las Vegas Convention and World Trade Center (LVCC) from January 7-10 to discover more.
About Yaber
Founded in 2018, Yaber redefined home entertainment by introducing the world’s first entertainment projector, pioneering a new category in the industry. Today, its innovative projectors have delivered immersive experiences to users in over 120 countries, making Yaber a trusted name in global home entertainment.
The letter “Y” in Yaber embodies the youthful vigor and innovative spirit of Generation Y. It’s not just a symbol, but a unique representation of youth identity and attitude towards life, infusing the brand with rich cultural connotations of youthfulness within simplicity.
Committed to excellence, Yaber has been pushing the boundaries of audiovisual innovation, crafting projectors that inspire richer, more vibrant lifestyles. Its achievements are recognised with prestigious accolades, including the Red Dot, IDEA, VGP, and CES Innovation Awards.
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