--- title: From Bitcoin trading to financial super apps: Binance at 9 description: CoinDesk Research traces the evolution of centralized cryptocurrency exchanges through five phases, using Binance's nine-year history as a case study. Starting... canonical: https://daily.dev/posts/from-bitcoin-trading-to-financial-super-apps-binance-at-9-lenvb3qcu twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: From Bitcoin trading to financial super apps: Binance at 9 | daily.dev og:description: CoinDesk Research traces the evolution of centralized cryptocurrency exchanges through five phases, using Binance's nine-year history as a case study. Starting... og:url: https://daily.dev/posts/from-bitcoin-trading-to-financial-super-apps-binance-at-9-lenvb3qcu og:image: https://api.daily.dev/og/posts/leNVb3QCu.png og:image:alt: From Bitcoin trading to financial super apps: Binance at 9 og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # From Bitcoin trading to financial super apps: Binance at 9 **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 1 upvotes · 0 comments ## Summary CoinDesk Research traces the evolution of centralized cryptocurrency exchanges through five phases, using Binance's nine-year history as a case study. Starting from Bitcoin-only trading in 2010, the industry moved through multi-asset expansion, derivatives dominance, a post-FTX transparency reset, and now a super-app convergence phase. Binance, which launched in 2017 and reached 316 million users, exemplifies this shift from a simple spot exchange into an integrated financial platform combining crypto trading, payments, tokenized securities, and traditional asset access. The piece argues that longevity, compliance, and transparency have become the key differentiators in a market where early dominant players like Mt. Gox and FTX collapsed. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How many users does Binance have now and what services does it offer beyond crypto trading? Binance serves more than 316 million users across trading, payments, savings, tokenized securities, and traditional asset access. Nine years after its 2017 launch, the platform has expanded from a spot cryptocurrency exchange into an integrated financial platform, including Binance Alpha, tokenized U.S. equities, and payments infrastructure. _daily.dev surfaces coverage like this for anyone tracking how crypto platforms expand into broader finance._ ### What percentage of crypto derivatives volume did Bitcoin and Ethereum represent by late 2023? Futures and perpetual swaps on Bitcoin and Ethereum accounted for 96.2% of monthly crypto derivative volume by late 2023, according to an EY report, with non-US markets driving over 95% of that global activity. Derivatives overtook spot trading volume in 2021 and peaked at 80.9% of total volume in September 2023. _Developers building trading infrastructure can follow derivatives market shifts like these on daily.dev._ ### What percentage of crypto exchanges provide Proof of Reserves attestations? 62% of exchanges evaluated by CoinDesk provided Proof of Reserves attestations by April 2026, up from 49% the previous November. This increase followed FTX's November 2022 collapse, which made custody transparency a baseline expectation across the exchange industry rather than an optional disclosure. _daily.dev helps teams evaluating exchange transparency and custody practices stay on top of these benchmarks._ ## Similar posts on daily.dev - [Difference Between Centralized and Decentralized Crypto Exchanges](https://daily.dev/posts/difference-between-centralized-and-decentralized-crypto-exchanges-8gtw7lue2) · C\# Corner · 1 upvotes · 0 comments --- Tags: [#crypto](https://daily.dev/tags/crypto), [#blockchain](https://daily.dev/tags/blockchain), [#fintech](https://daily.dev/tags/fintech), [#defi](https://daily.dev/tags/defi) [View this post on daily.dev](https://daily.dev/posts/from-bitcoin-trading-to-financial-super-apps-binance-at-9-lenvb3qcu) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"From Bitcoin trading to financial super apps: Binance at 9","url":"https://daily.dev/posts/from-bitcoin-trading-to-financial-super-apps-binance-at-9-lenvb3qcu","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/from-bitcoin-trading-to-financial-super-apps-binance-at-9-lenvb3qcu"},"datePublished":"2026-07-17T12:24:19.565Z","dateModified":"2026-09-13T19:15:30.115Z","description":"CoinDesk Research traces the evolution of centralized cryptocurrency exchanges through five phases, using Binance's nine-year history as a case study. 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