Binance: Crypto Platforms Replace Banks in Emerging Markets

Binance's latest research indicates that emerging markets are the primary drivers of global cryptocurrency adoption, accounting for 77% of new users on the platform. These users are not merely trading; they are actively utilizing crypto for investments, savings, and payment solutions. This trend highlights how cryptocurrency platforms are increasingly fulfilling essential financial roles traditionally held by banks in regions with less developed traditional banking infrastructure. The findings underscore the growing importance of crypto as a viable alternative for financial services in these economies.