Binance Pay is growing 61% in Latin America and reaching $77 billion globally

In the past three years, the platform's total transaction volume has exceeded US$120 billion

The cryptocurrency brokerage reported that Binance's payments region, called Binance Pay, grew 61% in transaction volume in Latin America in 2023, while global volume increased 71%, reaching US$77 billion. In contrast, the number of transactions increased by 105% in the region compared to the number recorded in the previous year.

Over the past three years, the platform's total transaction volume has exceeded US$120 billion. Binance Pay has 12 million active users worldwide, according to the exchange.

The solution allows users to use their brokerage balances, even amounts denominated in cryptocurrencies, to pay for products, services, hotels, clothing, electronic games, etc.