avatar
CZ 🔶 BNB
Follow
DM: https://t.co/ITLXkxWlol (fees go to charity) @BNBchain, @YZiLabs, @GiggleAcademy, ex-@binance.
Posts
avatar
CZ 🔶 BNB
Nigeria is ranked #1 in global USDT and USDC ownership. Not the US. Not the UK. Not Singapore. Nigeria. 59% of Nigerian crypto users hold USDT. 48% hold USDC. More than any other country surveyed. India is third. Brazil close behind. The reason is obvious once you see it: in countries where local currency loses 20–40% of value annually, stablecoins aren't a crypto product. They're a savings account. A dollar-denominated store of value that doesn't require a US bank account. Here's what the data doesn't show: most of those stablecoin holders can't use their USDT to buy anything. No merchant acceptance. No subscription billing. No automatic payment. No way to pay a supplier. They hold the dollars. They can't spend the dollars. They convert back to fiat every time they need to transact. The gap between stablecoin adoption and stablecoin utility is most visible not in San Francisco or Singapore. It's in Lagos, Jakarta, São Paulo. $308B in circulation. The people who need stablecoin commerce most have the fewest tools to access it. That's not a distribution problem. That's an infrastructure problem. The rails exist everywhere. The billing layer doesn't exist anywhere. That's who we're building for.
USDC
0.01%
avatar
CZ 🔶 BNB
CoinGlass's Q1 report came out today, and I have a few thoughts after reading it 👇 Several figures really struck me. #Binance user assets under custody reached $152.9 billion, accounting for 73.5% of the entire industry; spot market share rose from 34% to 35.4%, and derivatives from 33.2% to 35.7%; BTC reserves reached 659K, and the crypto market depth ranked first in all four core sub-markets. Given the overall industry volume contraction of 23%, these results are quite thought-provoking. The past few months have been quite difficult for the entire crypto market. We've also experienced some rumors and attacks, which are real and not limited to any particular region. But I also want to say that, besides external noise, we ourselves have indeed done many things poorly 🙏 We need to thoroughly review these aspects and not just blame everything on external factors. Users made such choices even in a depressed market, and we have no right to boast about that; we only have the right to work even harder on everything we do going forward. Today, billions of people worldwide are still locked out of the modern financial system, without accounts and unable to transfer funds. There is still a long way to go to achieve the freedom of money, but we will not stop here.
CoinGlass
@coinglass_com
CoinGlass 2026 Q1 Cryptocurrency Market Share Research Report One key takeaway from the Report: Trading stayed active, but liquidity and capital became even more concentrated at the top. Binance remained the clear leader in volume, OI, depth, and reserves, while Hyperliquid
BTC
0.82%
avatar
CZ 🔶 BNB
In the past quarter, Binance's user assets reached 152.9 billion, accounting for 73.5% of the industry total. Spot and derivatives trading volumes both increased in a shrinking market, and BTC reserves reached 659,000. We are grateful for the market and users' continued trust in Binance; seeing this makes us truly happy. We will continue to strive to serve everyone well. Sometimes, with so many things to do, there may be areas we can't attend to. We hope you can understand. 🙏 Speaking of which, I'd like to add a few more words. Sometimes, outsiders feel that since we've achieved number one, can we relax? No, from the very first day of Binance's founding, Binance's evolution has never stopped. If problems arise during this evolution, we will face them head-on; this will not change. Our goals have never stopped there. Binance's goal from day one has been: Exchange the World. It sounds grand, but today the world urgently needs a killer tool to truly enable the free flow of finance. Compared to the rules of the traditional financial game that have been operating for hundreds of years, our current scale is actually still small. Therefore, we dare not, and cannot, relax. We strive for continuous breakthroughs, and all our achievements so far stem from the trust of our users. Thank you for your continued support; we are truly honored.
CoinGlass
@coinglass_com
CoinGlass 2026 Q1 Cryptocurrency Market Share Research Report One key takeaway from the Report: Trading stayed active, but liquidity and capital became even more concentrated at the top. Binance remained the clear leader in volume, OI, depth, and reserves, while Hyperliquid
BTC
0.82%
loading indicator
Loading..