Hello, this is kimm . The official text posted on the Binance Blog can be found through the link below.

Binance Blog: 14th BNB Burn | Quarterly Highlights and Insights from CZ

In the translation below, the contents related to the growth pain and CS caused by Binance Charity or Binance's rapid customer growth are omitted because they do not seem to be significantly related to the overall cryptocurrency market insight.The thumbnails below are different from the original Binance blog. These are additional images that have been inserted for better understanding.

Binance.com (exchange)

Binance Exchange (CEX) saw tremendous growth in the last quarter and continued to hit all-time highs (ATH) in both volume and user traffic figures. Recently, the daily trading volume has reached 20 billion dollars.

In addition, the unique and innovative LaunchPool provided an opportunity for users of Binance.com to experience DeFi indirectly. A total of over $100 million of tokens has been distributed to users who have staked coins such as BNB, BUSD, BTC, ETH, DOT, and CHZ in the launch pool.

Binance Futures

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One year after launch, Binance Futures Exchange has become the world's largest derivatives exchange based on volume and outstanding commitments.

November 2020 was a truly record month. Binance Futures Exchange posted over $450 billion in trading volume, up nearly 200% from the previous month, as BitKongni rose to an all-time high. Large altcoins also showed progress and overall transaction volume surged. In December, it reached an all-time high, exceeding $38 billion in 24-hour trading volume, and recorded record open commitments of over $2.7 billion. This is the record number in the industry's history, and this record continues to be updated in 2021.

Fiat currency and payment channels

We are building a global fiat payment channel so that more users can use cryptocurrency. Together with our partners, we are currently providing a service that allows you to purchase cryptocurrency with a credit card through the Buy Crypto service in over 180 countries. We have also established banking channels that can serve EUR, GBP, AUD, NGN, BRL and USD.

Traditional companies and investors are joining our platform and using our banking channels to allocate more of their investment portfolio to cryptocurrencies. We expect this demand to continue to grow exponentially in 2021, and we plan to expand various payment channels to provide the best user experience.

Binance Earn

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Last quarter, Binance launched Binance Earn, a one-stop service hub for access to a variety of cryptocurrency financial products, including cryptocurrency savings, staking and DeFi style services. We continue to understand market trends and provide more competitive products to our users.

Binance Liquid Swap supports 12 liquidity pools where you can use Bitcoin, various stablecoins, fiat currencies, and more. Since its launch three months ago, Liquid Swap's daily trading volume has also hit $245 million. Compared to other liquidity pool platforms, Liquid Swap is the third largest platform after Uniswap and Sushiswap.

In December, we launched ETH 2.0 Staking, and users can easily join ETH 2.0 from their Binance account without having to individually lock up 32 ETHs. By lowering the hurdles to allow participation from at least 0.0001 ETH, we increased the number of users participating in ETH staking on Binance by 24 times, and the total value of locked ETH increased by 7.5 times.

Binance Academy

In the fourth quarter of 2020, we provided a variety of educational content to 2 million users worldwide. This is very proud and will continue to focus on educating many users with useful content related to cryptocurrency and blockchain.

Market forecast for 2021

From now on, the start of 2021 looks much better than 2020, and I hope this situation continues. Bitcoin and Binance Coin (BNB) have renewed their new high point (ATH) and continue to be strong. Of course, my predictions may be wrong, but under a number of circumstances, this strength is expected to continue. Having a good look for Bitcoin is a good signal for the overall cryptocurrency market. This is because many people enter the world of cryptocurrency through bitcoin and get to know other cryptocurrencies.

I believe that DeFi will continue to grow, more companies will use blockchain to raise funds for project progress, more people around the world will be investing in these projects, more fiat money will enter the cryptocurrency market and more I think that many fiat-to-crypto transfer channels and payment methods will be added as well. There will also be movements such as cross-border remittance services using cryptocurrency, the movement of companies to incorporate cryptocurrency into their investment portfolio at a higher rate, and the inflow of hedge funds to significantly increase the proportion of cryptocurrency investment.

In addition, with more cryptocurrency-based games and non-replaceable token (NFT) transactions, sports industry related tokens, and more wallet services and exchanges, more educational content has also emerged.

Although we can't list everything one by one, there has been tremendous growth in the cryptocurrency industry as various use cases emerged that we have never imagined.

Binance believes that there are so many things to do in the future when it comes to building the infrastructure of the global cryptocurrency ecosystem. Our team will do our best to create better products and services for everyone.

Personal thoughts

In 2020, Binance has evolved from simple CEX a step further, becoming truly a Crypto-based Financial Management Platform. It is a reality that many Korean coin investors are still unable to escape from Upbit or Bithumb due to the convenience of deposit and withdrawal of KRW, and as in any advertising copy, there are people who have not usedBinance Exchange once, but no one writes it once .

I want to study DeFi a little harder and actively use my tokens, I want to earn interest based on the holding period rather than leaving the assets to be taken to a long-term position, or something a little more active than buying/selling on the exchange. If you want to try it, I would like to recommend it as "Binance is a must-use exchange".

Personally, I think 2021 will be a year in which the difference in return on investment between those who know how to use personal wallets and those who don't will be sharply divided . It is recommended that you use your personal wallet no later than now and consider how the DeFi ecosystem brings liquidity from CeFi through some incentives, and why and for what.

The real insight in cryptocurrency seems to be the flow of liquidity, not the chart.

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