Users from emerging markets now account for 77% of Binance’s global user base, according to a new report released by Binance Research. The figure marks a sharp rise from 49% in 2020 and highlights how crypto is increasingly becoming a financial tool for people in developing economies rather than just a speculative investment.
The report paints a broader picture of the financial challenges still faced worldwide. Drawing on World Bank data, Binance Research noted that nearly 1.3 billion adults still lack access to basic financial services.
Billions more have no access to credit, digital payments, or interest-bearing savings products. Yet a large portion of these individuals already own smartphones, creating a path for crypto adoption through mobile technology.
Stablecoins appear to be at the center of this shift. According to the report, many users in emerging markets are using stablecoins less for trading and more to preserve savings and transfer money.
Around 36% of users in these regions reportedly keep at least half of their crypto holdings in stablecoins, compared with 28% globally.
Binance Research also highlighted the low cost of blockchain-based transfers. Stablecoin payments on fast blockchain networks can settle almost instantly and cost a fraction of what traditional international transfers do.
By comparison, conventional cross-border banking systems such as SWIFT can cost more than $20 per transaction.
The report suggests that users in emerging economies are increasingly treating Binance as a broader financial platform rather than just a crypto exchange. Many users actively engage with multiple products on the platform, including payments, savings tools, and investment services.
Beyond payments, the study also touched on tokenized investment products and AI-driven blockchain activity. Binance said tokenized pre-IPO products are helping retail investors gain earlier exposure to high-growth companies, while AI agents are becoming increasingly active in crypto markets.
At the same time, concerns around stablecoin adoption continue to grow among regulators. Organizations such as the International Monetary Fund and Moody’s have warned that widespread stablecoin usage in emerging economies could affect local financial stability and monetary control.
Even with those concerns, the report makes one trend clear: crypto adoption is increasingly being driven by practical financial needs rather than pure speculation.
Source: X.com
You need to login in order to Like
Leave a comment