Binance confirms its leadership in the crypto app sector with over 6.3 million downloads registered in the first three months of 2024 and custody of over 120 billion dollars in assets on behalf of users.
During the first quarter of the year, Binance’s mobile app has significantly outperformed the leading platforms in the crypto and fintech world, achieving significant milestones. Let’s see all the details below.
User trust strengthens Binance app’s dominant position in the crypto industry
As anticipated, the first quarter of 2024 saw a surge in the adoption of cryptocurrency apps.
According to recent data released by the digital analysis company Sensor Tower, Binance, the leading blockchain ecosystem and provider of cryptocurrency infrastructure in the world, has emerged as a pioneer in this trend.
His mobile app has recorded over 6.3 million downloads in the first three months of 2024, surpassing his main competitor by over 21%, reflecting the recovery of the crypto market.
In the second quarter of 2024, cryptocurrencies maintain their momentum, with key industry metrics showing a positive trend.
The increase in flows to Binance has brought the value of users’ funds and assets held on the platform to exceed the $120 billion mark at the beginning of this month.
This milestone is the result of the quality of Binance’s mobile app and the great trust of consumers in the company.
We remind you that, with over 190 million global users and a wide range of liquidity, Binance offers the possibility to trade cryptocurrencies on about 1800 trading pairs and more than 400 digital assets.
Within a growing cryptocurrency market, mobile applications have become essential tools for interaction, trading, and accessing the crypto ecosystem.
Furthermore, driven by events such as the approval of the Bitcoin spot ETF in the United States and the excitement surrounding the latest Bitcoin halving event.
The mobile app revolutionizes access to cryptocurrencies
Within the constant evolution of cryptocurrencies, access to these digital financial resources is becoming increasingly simple and accessible thanks to the advancement of mobile technologies.
Gianluigi Guida, CEO of Binance Italy, has recently emphasized the importance of making the exploration of the world of cryptocurrencies easy and accessible to everyone, including those who are approaching this sector for the first time.
“Binance’s mobile app is designed to make navigating the world of cryptocurrencies easy and accessible to everyone, even for those approaching crypto for the first time. Through a user-friendly interface and a complete range of features, we aim to provide a seamless experience, from account opening to accessing the numerous Web3 services we offer.”
The Binance app serves as a gateway to the largest blockchain ecosystem in the world. Thanks to its wide range of features, users can explore and use a wide range of services within a single platform.
We remind you that the features include spot trading and peer-to-peer (P2P), payments, marketplace, investment products, social media feeds, and a Web3 wallet. Gianluigi Guida added on this topic:
“The significant download figures for the Binance app at the beginning of 2024 highlight the growing interest in digital assets and the increasing adoption of cryptocurrencies. As we continue to innovate and expand our offerings, we remain committed to providing a secure and reliable platform to allow users to explore the world of digital finance. Binance is ready to further consolidate its position as a leader in the fintech sector, leading innovation and enabling users to participate in the revolution led by crypto-assets.”
Binance expands the offering of USD(S)-M contracts on the futures copy trading platform
Binance recently further expanded its service offering by introducing new USD(S)-M contracts on its Futures Copy Trading platform.
This new addition was officially announced yesterday, marking an important step forward in the company’s initiatives to improve the access and flexibility of its services.
We remind you that Binance Futures’ copy trading is an innovative platform that allows users to automatically replicate the operations of experienced traders in real time.
This tool offers users the opportunity to copy the portfolios of selected lead traders, allowing them to learn and gain experience in the cryptocurrency market while following the trading strategies of experts.
This feature is particularly useful for novice traders who want to familiarize themselves with the market and develop their own trading strategies.
It is important to note that, despite this general announcement, some products and services may not be available in all regions.
Binance has expressed gratitude for the continuous support of its users and assured them of its commitment to providing seamless trading experiences.
The addition of these new USD(S)-M contracts represents a further step forward in Binance’s mission to improve its services and meet the dynamic needs of its users.