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Binance has consistently introduced new features and services over the years. Here's an overview of notable additions during the specified periods:
1. 2017
Launch of Binance Coin (BNB): Shortly after its launch in 2017, Binance introduced Binance Coin (BNB), which offered users reduced trading fees and other incentives.
2. 2018
Expansion of Trading Pairs: Binance significantly increased the number of trading pairs, enhancing market liquidity and providing users with more trading options.
3. 2019
Launch of Binance Smart Chain (BSC): In 2019, Binance introduced its own blockchain, BSC, enabling faster transactions and the development of decentralized applications (dApps).
4. 2020
Introduction of Futures Trading: Binance launched USDⓈ-M Futures, allowing users to trade cryptocurrency futures with leverage.
5. 2021
Enhancements in Account Configuration: Binance expanded account configuration updates, including leverage adjustments and Multi-Assets margin status updates.
6. 2022
Launch of Binance Pay: Binance introduced Binance Pay, a payment gateway facilitating P2P payments and merchant transactions.
7. 2023
Introduction of Self-Trade Prevention (STP): Binance implemented STP to prevent orders from matching with those from the same account, enhancing trading integrity.
8. 2024
Addition of Simple Binary Encoding (SBE): Binance incorporated SBE into both REST and WebSocket APIs, improving data transmission efficiency.
Planned Restoration of USD Services on Binance.US: Binance.US announced plans to restore USD services in early 2025, aiming to enhance fiat currency support for users.
These developments reflect Binance's commitment to expanding its platform and services to meet the evolving needs of the cryptocurrency community.
