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But we saved everything 🙂.
Binance highlights $5B in user savings through Binance Pay remittance service
Binance announced that since 2021, its Binance Pay service has processed over $87.4 billion in global remittance and cross-border transactions for more than 34.2 million users, estimating savings of over $5 billion in remittance fees.
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Binance reported that since 2021, more than $87.4 billion in remittance and cross-border transactions have been processed through its Binance Pay service. According to the announcement, over 34.2 million users have used the service to move money globally, resulting in an estimated $5 billion saved in remittance fees.
Specific details about transaction types, regional distribution, or how the savings were calculated were not disclosed in the post.
Binance is among the largest cryptocurrency exchanges, recognized for its high daily turnover, active user base, and proprietary BNB Coin, which is used within the Binance ecosystem. The platform features low commissions due to substantial liquidity and trading volumes, as well as a proprietary cold wallet for asset storage, but users should be aware of its complex verification process and the lack of regulatory licensing. For additional details about Binance's features and user experience, visit the broker profile on Traders Union.
In our earlier news about Binance, we covered the launch of the USD1 Airdrop Campaign, which offered users WLFI token rewards with flexible APRs for holding USD1 in eligible accounts. For further background on Binance’s recent programs, see the previous Binance update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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