Reaching 200 million registered customers is a monumental achievement for a world know-how firm working across the clock in an ever-evolving business. This milestone doesn’t simply underscore the resilience, safety and stability of our platform; it’s additionally a testomony to the unwavering help of our group. We’re at all times listening to our customers, whose suggestions drives our pursuit of excellence and dedication to serving them higher.
Since we’ve handed the 200-million mark on the midway level of 2024, it appeared like an applicable time to replicate on how the whole lot we’ve constructed and shipped thus far this 12 months has received us to this historic second – pushed by our philosophy of at all times placing you, our customers, on the core of our improvements.
Higher, Safer, Sooner, Stronger
For nearly seven years, Binance has been the business’s main blockchain ecosystem, with services stretching far past the world’s largest cryptocurrency trade. Right now, our customers depend on our platform to generate rewards from their crypto with Binance Earn, pay for items and companies with Binance Pay, facilitate secure transfers via the world’s largest P2P market, interact in group conversations on Binance Sq., entry DeFi purposes with Web3 Pockets, and far more – together with, after all, to commerce with the deepest liquidity.
To have the ability to onboard greater than 30 million new customers in half a 12 months, our engineering and product groups work tirelessly to make Binance safer, dependable and scalable. From a efficiency standpoint, this 12 months thus far our trade can course of extra queries per second than ever, with quicker order placement latency (fiftieth and 99th percentile), and on the lowest slippage.
We’ve additionally labored on a number of initiatives this 12 months after listening to your suggestions and understanding your wants. We’ve rolled out new product improvements like Spot Copy Buying and selling, Mock Buying and selling and Portfolio Margin to particular person customers (traditionally solely obtainable to our VIP customers); continued to boost our Web3 Pockets infrastructure with the quickest and most handy bridge between Alternate and Web3; and optimized our institutional choices with groundbreaking merchandise like Banking Triparty.
And the checklist goes on.
It’s All within the Particulars at Binance
There’s much more we’ve been engaged on throughout our full suite of companies, and I’ll fortunately dive into the specifics individually quickly. However what I need to contact on subsequent, I deem equally necessary to the sustainability and effectivity of our platform.
As a result of the factor to recognise right here is how we’re capable of proceed transferring the business ahead via the hundreds of “smaller” product options and enhancements we’re at all times growing and transport throughout the entire merchandise we provide at Binance. It’s all within the particulars, and whilst you could not at all times catch them at a primary look, know that we’re at all times paying cautious consideration.
These are developments and enhancements you’ve most likely not examine within the media, and even in our personal big-ticket bulletins(although you will have come throughout them on our official social media channels). It’s equally necessary to recognise this extra hidden work as a result of it contributes to our progress simply as a lot as the massive product launches.
And each week, on our social channels, we share bits of what these particulars are that contribute to a greater person expertise for you, and that additionally received us to the place we’re at present.
We confer with this as #BinanceBuild.
How #BinanceBuild Embodies Our Core Values
We imagine within the energy of small, constant enhancements. #BinanceBuild is our dedication to transparency and user-driven innovation. Regardless of being a number one world blockchain ecosystem, certainly one of our strongest values at Binance is we at all times keep humble.
Nobody’s excellent, and we’re at all times prepared to enhance, as a result of we all know that as our business evolves, so do your digital-asset wants. Whether or not you’re new to crypto, or a crypto-native establishment, it’s necessary that we proceed optimizing your expertise on our platform with highly effective know-how you could at all times depend on, regardless of which approach the markets swing.
How we do that is twofold: (1) we by no means cease constructing and (2) we’re consistently open to listening to your suggestions on what we are able to (or ought to) construct subsequent. And we present this twice per week on our Binance and Binance Web3 social channels.
Over a 12 months in the past we launched our Product Suggestions & Options platform for customers to share their concepts. Simply this 12 months alone we’ve obtained over 21,000 options thus far, and have already processed a whole bunch into our pipeline. That’s what our Wednesday #BinanceBuild Spotlights are all about — to indicate you ways we flip your suggestions right into a last product characteristic.
We’re additionally avid observers, consistently assessing how our merchandise are performing and searching for methods to enhance them. That’s what our Friday Product Highlights are there to indicate you; how we take a proactive strategy to innovating our suite of services.
In a nutshell, #BinanceBuild encapsulates the essence of our mission that has pushed our progress over time: to extend the liberty of cash by placing you, our customers, on the coronary heart of the Binance expertise.
I’m grateful for all that you simply’ve helped us construct thus far, and I’m really excited for what’s but to come back. Your voice issues, so hold sharing your invaluable suggestions with us, and let’s proceed constructing the longer term collectively.
#BinanceBuild
Rohit Wad, CTO
