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Binance Targeting a “financial super app”: integrating crypto trading, stock investment, payments, and banking-like services, with the goal of increasing its user base to 3000000000 BlockBeats reports that October 9，Binance’s Head of Trading and Trading Operations, Shunyet Jan, said that the focus of competition among financial platforms in the future will no longer be limited to crypto-asset trading, but will involve integrating investment, payments, lending, and asset management services to create a comprehensive financial ecosystem spanning traditional finance and crypto markets.
Jan previously worked at Goldman Sachs, Morgan Stanley, and JPMorgan Chase for approximately 30 years. He believes that traditional finance has advantages in regulation, risk management, and functional separation, while the crypto industry is more competitive in -hour trading, rapid settlement, and openness. The two will accelerate their convergence in the future. 24 Binance hopes to enable users to use the financial value of their underlying assets without having to sell them through features such as unified accounts, cross-asset margin, tokenized assets, and stablecoin payments, and to explore using AI to simplify asset selection and risk management.
Jan disclosed that Binance currently has more than 300000000 users, most of whom come from emerging markets; approximately 90%of the users of its direct-stock and tokenized-stock products come from emerging markets. He said that Binance’s long-term goal is to increase its user base from 300000000 to 3000000000, and become financial infrastructure accessible to more people.