Users, Creators Can Soon Earn Money In New Binance Square Social Platform

The platform displays a range of content from crypto experts, enthusiasts, and media sources as it goes live. Besides supporting news, the platform also facilitates communication between content creators and followers.

Binance Square initially launched in October 2022 as a content aggregation platform. It has since evolved into a social platform with integrated content creation and monetization features.

Binance also shared that the platform hosts trending topics from the crypto and Web3 ecosystem, with over 30,000 hashtags used to date. It has also amassed over 10 million monthly active users across its web and app versions within the span of a year.

The firm remarked that Binance Square is a platform where thought leaders, media organizations, influencers, projects, developers, and fellow crypto enthusiasts can convene to meaningfully engage with the latest news, trends, and issues.

According to Binance, the platform has more than 170 media partners, 11,500 key opinion leaders, and 90 projects as of September 30, 2023.

“I’ve always believed that blockchain technology can help improve social platforms as we know it today. Binance Square is an early but promising example of that. This is just the beginning of what blockchain-based social platforms can bring to people and creators, and more can be done to find solutions to issues like spam, fraud and authentication,” CZ said.

CZ also emphasized that Binance’s goal is to continue innovating and finding meaningful ways to implement more beneficial blockchain and crypto use cases.

Recent Binance News:

Recently, Binance will be exiting its operations in Russia and has sold its Russian business to local exchange CommEx. The move is due to Binance’s compliance strategy not aligning with Russian regulations. The off-boarding process will take up to a year, with a focus on ensuring a smooth transition for users.