#Binance revenue

[satmonk]

Unlocking the Potential of Crypto Portfolio Tips for Success

Unlocking the Potential of Crypto Portfolio Tips for Success, If you’re a beginner in the world of crypto and digital currencies, it can be overwhelming to navigate the various exchanges and wallets available. However, with a well-managed crypto portfolio, you can potentially reap significant returns on your investment. In this guide, we’ll share tips for unlocking the potential of your crypto…

[legalattorneyblog]

Nigerian Federal Government Drops Tax Evasion Charges Against Binance Executives

The Federal Government of Nigeria has officially dropped tax evasion charges against two high-ranking executives of Binance, the world’s largest cryptocurrency exchange. Tigran Gambaryan, a US citizen and head of financial crimes compliance at Binance, and Nadeem Anjarwalla, a British-Kenyan national and regional manager for Africa, were released from these charges after Binance appointed a…

[pscottm]

How Elon Musk killed Twitter

Having quietly built up a large shareholding in Twitter, Musk launched a takeover bid funded by private investors such as the Saudi prince Alwaleed bin Talal, the cryptocurrency exchange Binance (which would later be convicted in the US of breaching money laundering regulations and sanctions) and Larry Ellison, a close associate of Benjamin Netanyahu. These people doubtless saw political or regulatory potential in investing in world’s most influential social media platform. The banks who supported Musk have no such excuse.

If you think the people running a publicly traded company are clowns and that you could run it better, all you need to do is offer them enough money and the company’s board, which has a fiduciary duty to its shareholders, has to sell it to you, even if they hate you. You will, however, need to raise the money (even the world’s richest man doesn’t have a liquid $44bn), and for that you need a bank. Banks routinely finance takeover deals in the expectation that the new owner will increase revenues, and they will be able to sell the company’s debt on at a profit. In return, they typically ask for a detailed and credible account of how you will turn the target company around.

At the time of the Twitter deal, Musk had little experience in advertising (in 2019 he tweeted: “I hate advertising”), nor had he – or anyone else – shown that the general public would pay to use social media. All the same, some of the world’s biggest banks accepted that he would more than quintuple Twitter’s revenue from ads and subscriptions, from $5bn to $26.4bn by 2028. They believed him, it seems, because he was Elon Musk.

[ggsdgfvsdg]

BitPower: Financial innovation that emphasizes both decentralization and profitability

BitPower: Financial innovation that emphasizes both decentralization and profitability BitPower is a decentralized financial platform based on Binance Smart Chain (BSC). Through innovative smart contract technology, it is committed to providing users with safe, transparent and efficient financial services. The core advantage of the platform lies in its decentralized architecture and diverse revenue models. The following will introduce the decentralized characteristics of BitPower and its revenue methods in detail.

Advantages of decentralization Smart contract technology: BitPower uses advanced smart contract technology. All transactions are automatically executed through smart contracts to ensure the transparency and immutability of transactions. The code of smart contracts is open and transparent, and anyone can view and audit it, which further enhances the trust of the platform.

Trustless system: On the BitPower platform, users' assets are always under their control. Funds will not enter the platform's central account, but will be traded directly between users in a peer-to-peer manner. This ensures the safety of users' funds and will not be subject to the risk of platform manipulation or human intervention.

Global barrier-free access: BitPower's decentralized architecture allows anyone, no matter where they are, to equally access and use the platform's financial services. This barrier-free global access makes BitPower a truly global financial platform.

Diverse income models Liquidity provision: Users can provide USDT liquidity to the BitPower platform and obtain corresponding income according to different investment periods. The yields provided by the platform are as follows:

1 day: 100.4% 7 days: 104% 14 days: 109.5% 28 days: 124% For example, providing 10,000 USDT liquidity, you can get 12,400 USDT after 28 days. Sharing rewards: BitPower's sharing reward mechanism allows users to get additional income by inviting new users to join the platform. According to the liquidity provided by the user, the sharing rewards are divided into different levels, and the highest level can get the recurring income commission of 17 levels of friends. For example, providing 100 USDT of liquidity can get 20% of the income commission of the first-level friends. As the liquidity increases, the reward level will also increase accordingly.

Summary BitPower is a decentralized financial platform that provides users with a secure, efficient and transparent financial environment through smart contract technology and peer-to-peer transactions. Its diverse revenue models not only allow users to earn interest by providing liquidity and lending, but also to obtain additional income through sharing reward mechanisms.

For more information, please visit BitPower's official website https://www.bitpower.cc/ or contact the personal account via Telegram https://t.me/Alice15568 for professional help.

Through BitPower, everyone can benefit from the global decentralized financial market and achieve wealth growth and financial freedom. @Bitpower

[wqrwqrqw]

BitPower: Financial innovation that emphasizes both decentralization and profitability

BitPower: Financial innovation that emphasizes both decentralization and profitability BitPower is a decentralized financial platform based on Binance Smart Chain (BSC). Through innovative smart contract technology, it is committed to providing users with safe, transparent and efficient financial services. The core advantage of the platform lies in its decentralized architecture and diverse revenue models. The following will introduce the decentralized characteristics of BitPower and its revenue methods in detail.

Advantages of decentralization Smart contract technology: BitPower uses advanced smart contract technology. All transactions are automatically executed through smart contracts to ensure the transparency and immutability of transactions. The code of smart contracts is open and transparent, and anyone can view and audit it, which further enhances the trust of the platform.

Trustless system: On the BitPower platform, users' assets are always under their control. Funds will not enter the platform's central account, but will be traded directly between users in a peer-to-peer manner. This ensures the safety of users' funds and will not be subject to the risk of platform manipulation or human intervention.

Global barrier-free access: BitPower's decentralized architecture allows anyone, no matter where they are, to equally access and use the platform's financial services. This barrier-free global access makes BitPower a truly global financial platform.

Diverse income models Liquidity provision: Users can provide USDT liquidity to the BitPower platform and obtain corresponding income according to different investment periods. The yields provided by the platform are as follows:

1 day: 100.4% 7 days: 104% 14 days: 109.5% 28 days: 124% For example, providing 10,000 USDT liquidity, you can get 12,400 USDT after 28 days. Sharing rewards: BitPower's sharing reward mechanism allows users to get additional income by inviting new users to join the platform. According to the liquidity provided by the user, the sharing rewards are divided into different levels, and the highest level can get the recurring income commission of 17 levels of friends. For example, providing 100 USDT of liquidity can get 20% of the income commission of the first-level friends. As the liquidity increases, the reward level will also increase accordingly.

Summary BitPower is a decentralized financial platform that provides users with a secure, efficient and transparent financial environment through smart contract technology and peer-to-peer transactions. Its diverse revenue models not only allow users to earn interest by providing liquidity and lending, but also to obtain additional income through sharing reward mechanisms.

For more information, please visit BitPower's official website https://www.bitpower.cc/ or contact the personal account via Telegram https://t.me/Alice15568 for professional help.

Through BitPower, everyone can benefit from the global decentralized financial market and achieve wealth growth and financial freedom. @Bitpower

[brostateexam]

An internal financial reporting package described in the lawsuit discussed how 16% of Binance trading revenue came from customers in the US.

The lawsuit further alleges that for the first two years of its existence, the firm took no steps to prevent US customers from trading on the platform, and even when it started restricting access in 2019, it maintained no-KYC access provided users didn’t withdraw more than two bitcoin.

At one point in 2018, after acknowledging to his team that the company served traders in the USA, Lim insisted, “there is no f’king way in hell I am signing off as the CCO for the OFAC shit.”

Later in 2019, Binance US was announced and a pop-up began greeting users connecting from a US-based IP address. However, users could still self-certify they were not a US citizen.

Also in 2019, Binance Academy contained ‘A beginner’s Guide to VPNs’ which explained to users and prospective users of Binance how VPNs can be used to ‘unlock sites that are restricted in your country.’ Zhao himself has previously tweeted, “VPNs is a necessity, not optional.” Lim also once explained to a colleague, “They can use VPN but we are not supposed to tell them that.”

In October 2020, Lim tried to describe different US regulatory agencies and their potential consequences to a colleague saying, “US users = CFTC = civil case can pay fine and settle” and continuing “no KYC = BSA act = criminal case, have to go jail.”

Furthermore, Zhao personally directed employees at Binance to change some users who were flagged as being located in the US to ‘UNKWN’ in order to obscure the portion of Binance revenue that came from the United States.

This was a known practice internally for Binance with its director of operations at one point saying, “The keyword US for internal information is also a sensitive word, so you have to use Unknow [sic] to mark the country.”

Binance allowed several brokers to use the platform to trade and made no steps to prevent those brokers from effectively offering access to Binance to people in restricted jurisdictions, including trading firms and individuals in the US.

One of these, identified as ‘Trading Firm B,’ once accidentally connected from a US-based IP and so allegedly moved all their trading activity to the account of an individual at the firm who opened up a personal account until the firm was able to set up a new offshore entity.

A Binance spokesperson told Protos, “We have made significant investments over the past two years to ensure we do not have US users active on our platform. During that period, we went from approximately 100 people in our compliance team to around 750 core and supporting compliance personnel today, including almost 80 personnel with prior law enforcement or regulatory agency experience and approximately 260 personnel with professional certificates in compliance.”

[realmmaker]

Pulled straight into the Quicksand

Sandbox is an online, multiplayer game built on blockchain technology that utilizes the cryptocurrency optimized primarily for the game: SAND.

Sandbox allows its players to mint non-fungible tokens (NFTs) as digital assets using a digital software called Vox Edit. These can be traded on the Marketplace for SAND which is a tradeable currency on global platforms like Binance. However, Sandbox doesn't really sound like a fun game if you can only create and trade NFTs. That's where the Alpha Version Game Maker comes in.

The Game Maker allows users to create gaming and other interactive experiences for other users to interact with to earn rewards while the creators can monetize their creations for SAND.

What actually blew my mind was this ad:

How is this related to worldbuilding? Quite simply, Sandbox is a tool to world-build digitally and have other people immediately immerse themselves in the experience you have designed for them. It's a great way to test out the concepts you have come up with in a more practical manner than the usual theoretical idealism involved in the world-building process.

The short ad itself is very engaging. Constant upbeat tempo music keeps the viewers' spirits high, and it dives straight into the gameplay aspects such as the generation of Voxel Edit assets. The coolest-looking, undead blocky dragon pops up out of the screen of a nondescript laptop indicating how logistics (such as the quality of your laptop) will no longer restrict your imagination. The simple, loud, and clearly visible messages continuously announce the simplicity of the creative process on Sandbox.

Encouraging the viewer to immediately pick up their devices and get to building the worlds and experiences of their dreams. Pushing more and more people to log on and play, increasing the demand for the limited 3 billion SAND tokens and 166,464 LAND pieces (spaces to work and build your interactive experiences) in circulation which would increase the revenue for the company.

Sandbox does a great job at shedding its corporate skin and portraying itself as an enabler of the world-building fantasies each individual possesses. This commercial lends itself to the young, dreaming audience to believe in the future of technology and their imaginations.

In essence, rebuilding the image of a corporate from a piece of profit-oriented machinery to a fulfiller of dreams. Isn't it a type of worldbuilding in itself? Changing a seemingly self-centered entity into one carrying out a selfless purpose.

[cryptokimee]

Which cryptocurrency will be the best to investment in in 2023?

Cryptocurrencies have come a long way since the inception of Bitcoin in 2009. The market has seen its ups and downs, with some cryptocurrencies seeing unprecedented growth and others facing a significant decline. As we move into 2023, there are several cryptocurrencies that look promising and have the potential to deliver high returns on investment. In this blog, we will take a look at some of the cryptocurrencies that may be the best to invest in 2023.

Bitcoin (BTC)

Bitcoin remains the most popular cryptocurrency in the market and has dominated the crypto space since its launch in 2009. Bitcoin is known for its decentralization, security, and anonymity, and it remains a favorite of investors due to its high liquidity and potential for long-term growth. While there have been several controversies surrounding Bitcoin, it remains the most popular cryptocurrency with the largest market capitalization. The growing acceptance of Bitcoin as a means of payment by major companies, banks, and governments across the world indicates its increasing adoption and long-term value. In addition, with Bitcoin halving scheduled in 2024, many experts predict that the price of Bitcoin may see a significant surge.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency in the market and has been growing in popularity since its launch in 2015. Ethereum is a blockchain-based platform that enables developers to create decentralized applications (dApps) and smart contracts. The platform has gained traction due to its ability to support other cryptocurrencies and its vast ecosystem. Ethereum has seen several upgrades, with the most recent being the London Hard Fork that introduced the EIP-1559 protocol, which aims to improve transaction speed and reduce fees. With the growing demand for dApps and smart contracts, Ethereum is likely to see significant growth in the future.

NavC Token(NavC)

NavC is an ERC-20 utility token designed to serve as the native cryptocurrency of the NavExM trading ecosystem. NavExM is a positive cashback centralized cryptocurrency exchange that provides trading and investing in crypto, NFT, and stablecoins.

The primary aim of the project is to reduce the transaction fee and offer positive cash back for every trade at the NavExM exchange. The project will launch in March 2023 as the world’s first revenue-giving exchange for crypto enthusiasts. The current price of NavC Token is $1 its price increased after the launch of NavExM.

Binance Coin (BNB)

Solana (SOL)

Solana is a relatively new cryptocurrency that was launched in 2020. The platform aims to provide a more scalable and faster blockchain infrastructure that can process up to 65,000 transactions per second. Solana has gained traction due to its high-speed and low-cost transactions and has seen significant growth in the past year, with its market capitalization increasing by over 4,000%. The platform has also launched several partnerships, including with Serum, a decentralized exchange, and Chainlink, an oracle service. With the growing demand for fast and scalable blockchain infrastructure, Solana is likely to see significant growth in the future.

Conclusion

The cryptocurrency market is highly volatile and investing in cryptocurrencies can be risky. It’s essential to conduct thorough research and understand the market before investing in any cryptocurrency. However, the five cryptocurrencies mentioned above have shown promising growth and have the potential to deliver high returns on investment in 2023.

Bitcoin remains the most popular and dominant cryptocurrency in the market and is likely to see significant growth with its upcoming halving. Ethereum and Cardano have gained traction due to their ability to support dApps and smart contracts, and their growing ecosystems make them attractive investment options.

Investing in cryptocurrencies can be a profitable venture, but it’s important to remember that it can also be risky. It’s essential to conduct thorough research, understand the market, and invest only what you can afford to lose. As with any investment, it’s always best to consult with a financial advisor before making any investment decisions.

Looking for a highly rewarding crypto trading platform?

Look no further than NavExM! It is powered by the native utility token NavC, making it one of the most innovative and cutting-edge Crypto Exchange.

If you have any questions related to NavC or NavExM, join us on Telegram and ask away! Our team of experts is ready to answer any and all questions you may have.

[crypto-argent]

1 BTC PAR SEMAINE SANS EFFORT OUI CEST POSSIBLE !

■ 1 BTC PAR SEMAINE 

Avec l'avènement de la technologie numérique, il est de plus en plus facile de gagner de l'argent en ligne. L'un des moyens les plus populaires est l'utilisation de la crypto-monnaie, en particulier le Bitcoin. Le Bitcoin est une forme de monnaie numérique qui peut être utilisée pour effectuer des transactions en ligne et peut être stockée sur un portefeuille numérique. Dans cet article, nous explorerons les différentes façons de gagner de l'argent en ligne avec le Bitcoin, que ce soit en l'obtenant gratuitement, en investissant ou en le minant.

Obtenir du Bitcoin gratuitement

Les robinets Bitcoin

Les robinets Bitcoin sont des sites Web qui distribuent de petites quantités de Bitcoin gratuitement. Les utilisateurs doivent simplement entrer leur adresse de portefeuille Bitcoin et répondre à des sondages ou à des publicités pour obtenir une petite quantité de Bitcoin. Bien que les robinets Bitcoin ne soient pas une source de revenu fiable, ils sont une excellente façon de se familiariser avec le Bitcoin et de commencer à accumuler de petites quantités.

Les programmes de parrainage

Les programmes de parrainage sont une autre façon d'obtenir du Bitcoin gratuitement. Ces programmes récompensent les utilisateurs qui réfèrent de nouveaux utilisateurs à une plateforme ou un site Web en leur offrant une commission. Par exemple, Coinbase offre un programme de parrainage qui récompense les utilisateurs qui réfèrent de nouveaux utilisateurs avec 10 $ en Bitcoin.

Les jeux Bitcoin

Il existe également des jeux en ligne qui offrent du Bitcoin gratuitement en récompense pour la participation à des jeux ou à des concours. Les jeux tels que Bitcoin Aliens et Bitcoin Faucet Game sont des exemples de jeux qui permettent aux joueurs de gagner des récompenses en Bitcoin.

Investir dans le Bitcoin

Acheter du Bitcoin

L'achat de Bitcoin est la méthode la plus courante pour investir dans la crypto-monnaie. Les utilisateurs peuvent acheter du Bitcoin sur des plateformes d'échange telles que Coinbase, Binance, ou Kraken. Les utilisateurs peuvent utiliser des cartes de crédit ou de débit pour acheter du Bitcoin et le stocker dans un portefeuille numérique. Les utilisateurs peuvent ensuite surveiller la valeur de leur investissement à mesure que la valeur du Bitcoin fluctue.

Les CFD Bitcoin

Les contrats pour la différence (CFD) sont des produits financiers dérivés qui permettent aux utilisateurs de spéculer sur la fluctuation de la valeur du Bitcoin. Les utilisateurs n'achètent pas réellement de Bitcoin, mais plutôt un contrat qui représente la valeur du Bitcoin. Les utilisateurs peuvent spéculer sur la hausse ou la baisse du prix du Bitcoin et gagner ou perdre de l'argent en fonction de la performance du Bitcoin.

Les fonds d'investissement Bitcoin

Il existe également des fonds d'investissement Bitcoin qui permettent aux utilisateurs d'investir dans le Bitcoin sans avoir à acheter du Bitcoin directement. Les fonds d'investissement Bitcoin permettent aux utilisateurs de diversifier leur portefeuille de crypto-monnaies et de minimiser le risque d'investissement. Les utilisateurs peuvent investir dans des fonds tels que le Grayscale Bitcoin Trust ou le Bitcoin Investment Trust.

Le minage de Bitcoin en solo

Le minage de Bitcoin en solo consiste à utiliser un ordinateur pour résoudre des problèmes mathématiques complexes liés à la chaîne de blocs Bitcoin. Lorsqu'un problème est résolu, le mineur est récompensé par une quantité fixe de Bitcoin.

Cependant, le minage de Bitcoin en solo peut être coûteux en raison de la nécessité d'acheter et de maintenir des équipements spécialisés, tels que des ASIC (circuit intégré spécifique à l'application) et des ventilateurs. Les mineurs doivent également prendre en compte le coût de l'électricité, car le minage de Bitcoin nécessite beaucoup d'énergie.

Le minage de Bitcoin en pool

Une alternative au minage de Bitcoin en solo est le minage de Bitcoin en pool. Dans un pool de minage, les mineurs combinent leurs ressources pour résoudre des problèmes mathématiques ensemble et partagent ensuite les récompenses. Les pools de minage permettent aux mineurs de recevoir des récompenses plus régulières et plus stables.

Il existe de nombreux pools de minage de Bitcoin disponibles, tels que F2Pool, Slush Pool et Antpool. Les utilisateurs peuvent rejoindre un pool de minage en payant des frais de service et en utilisant leur équipement pour aider à résoudre des problèmes mathématiques.

Les services de cloud mining

Une autre option pour le minage de Bitcoin est l'utilisation de services de cloud mining. Ces services permettent aux utilisateurs de louer de la puissance de calcul à distance et de recevoir une partie des récompenses de minage générées.

Cependant, les services de cloud mining peuvent être coûteux et souvent peu rentables. Les utilisateurs doivent également faire preuve de prudence lorsqu'ils choisissent un service de cloud mining, car il existe de nombreux services frauduleux qui cherchent à escroquer les utilisateurs.

Conclusion

En résumé, il existe plusieurs façons de gagner de l'argent en ligne avec le Bitcoin. Les utilisateurs peuvent obtenir du Bitcoin gratuitement en utilisant des robinets Bitcoin, des programmes de parrainage et des jeux Bitcoin. Les utilisateurs peuvent également investir dans le Bitcoin en l'achetant directement, en utilisant des CFD Bitcoin ou en investissant dans des fonds d'investissement Bitcoin. Enfin, les utilisateurs peuvent miner du Bitcoin en solo, en pool ou en utilisant des services de cloud mining.

Cependant, il est important de rappeler que le Bitcoin est une forme de crypto-monnaie volatile et que les investissements dans le Bitcoin comportent des risques importants. Les utilisateurs doivent faire preuve de diligence raisonnable et de prudence lorsqu'ils investissent dans le Bitcoin ou utilisent des services liés au Bitcoin.

■VOICI LE SITE DE MINAGE QUI ME PERMET DE GAGNER 1 BTC CHAQUE SEMAINE. IL Y'A UN PLAN GRATUIT. MAIS SI TU VEUX ALLER PLUS VITE TU PEUX INVESTIR. 

[techinfo-blog]

Is copy trading on Binance Clone Script profitable?

Copy trading has become a popular technique for novices to enter the market with less risk as the crypto trading industry continues to expand. Even novice traders might be exposed to market possibilities by copying the trades of skilled traders. However, is adding copy trading to a Binance clone script a profitable idea? Let's examine the possible advantages, dangers, and important things to consider.

What Is Copy Trading, and How Does It Work?

Users can imitate the tactics and trades of successful or professional traders through copy trading. This functionality, which is integrated into a Binance clone script, makes it simple for novices to construct their portfolios by allowing users to follow the platform's top traders. Every time a chosen trader places a buy or sell order, the system effortlessly executes it for followers in real-time.

Benefits of Using a Binance Clone Script for Copy Trading: 

Lower Entry Barriers: Beginners without extensive market understanding can now trade cryptocurrencies due to copy trading.

Time-saving: Users save time by depending on professional judgments rather than analyzing charts or monitoring pricing trends.

Potential Profitability: Users may be able to generate a passive income stream by following experienced traders and possibly achieving comparable profits.

Improved User Engagement: By drawing more users to a Binance clone script platform, copy trading can raise its profile and volume of transactions.

Profitability: Key Factors to Consider

Although copy trading provides a lot of potential for financial gain, some things are necessary for success:

Choosing Traders: To prevent needless losses, users must pick skilled traders with reliable, consistent track records.

Risk management: Keeping an eye on several traders and using a variety of tactics can help reduce risk, particularly when the market is volatile.

Platform Fees: Copy trading may incur fees or commissions from certain platforms, which may affect net profits. It is essential to comprehend these fees to evaluate overall profitability.

Possible Hazards

Market Volatility: Because cryptocurrency markets are typically unpredictable, even seasoned traders may lose money.

Over-Reliance on Others' Skills: Without a fundamental understanding, users should not rely only on copy trading because this reduces their control over assets.

Transparency Issues: The trading histories of chosen traders should be open and accessible so that consumers can make wise decisions.

Conclusion

Profitable copy trading on a Binance clone software is possible, but it relies on picking the proper traders and skillfully controlling risks. Working with a knowledgeable programming team to create a dependable Binance clone script is crucial for anyone wishing to provide this functionality. When used on the appropriate platform, copy trading can be an alluring feature that draws customers and boosts revenue.

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[oliverethanrobin]

Binance Clone: How to Build a Crypto Exchange App Like Binance

The world of cryptocurrency has exploded in recent years, and platforms like Binance have become the backbone of digital asset trading. Binance, one of the largest centralized cryptocurrency exchanges in the world, offers everything from spot trading to staking, futures trading, and even decentralized finance (DeFi) services. If you're looking to build a crypto exchange app like Binance, you’re not alone. Many entrepreneurs see the success of Binance and want to replicate its functionality and user experience.

Creating a Binance clone requires careful planning, the right technology stack, and an understanding of the crypto market. In this guide, we'll cover the essential steps to help you develop a successful crypto exchange app like Binance.

Why Build a Binance Clone?

Binance is a leader in the crypto exchange market due to its robust features, high liquidity, and a wide range of services. By building a Binance clone, you can create an exchange platform that offers:

Multiple Trading Pairs: Support for a wide range of cryptocurrencies and tokens.

Advanced Trading Features: Spot trading, futures, staking, margin trading, and more.

High Liquidity: Efficient order matching and smooth execution of trades.

User-Friendly Interface: Intuitive design that appeals to both beginner and experienced traders.

Security: Built-in security features like two-factor authentication (2FA), cold wallets, and encryption.

Now, let’s dive into how to develop your own Binance-like crypto exchange app.

Step 1: Conduct Market Research

Before starting any development process, thorough market research is crucial. The cryptocurrency market is dynamic and competitive, so it’s important to:

Analyze Your Competitors: Understand how Binance and other major exchanges operate. What features do they offer, and what gaps can you fill?

Identify Your Target Audience: Are you focusing on retail traders, institutional investors, or beginners in the crypto space? Each audience will have different needs.

Keep an Eye on Trends: The crypto world is constantly evolving. Emerging trends like NFTs, DeFi, and yield farming may present new opportunities for your exchange.

Step 2: Choose the Right Business Model

Binance's success stems from its diverse set of features, but it's important to choose a business model that aligns with your goals and target audience. Here are some options:

Spot Trading: Facilitate buying and selling of cryptocurrencies at current market prices.

Futures and Derivatives: Offer more advanced trading options for experienced traders.

Staking and Lending: Allow users to earn rewards or interest by staking or lending their digital assets.

Margin Trading: Enable users to trade with leverage, increasing their potential returns (and risks).

NFT Marketplace: Tap into the growing popularity of non-fungible tokens (NFTs).

You can also implement multiple revenue streams, including trading fees, listing fees, and withdrawal fees.

Step 3: Ensure Regulatory Compliance

One of the most challenging aspects of running a crypto exchange is ensuring regulatory compliance. Cryptocurrency regulations vary by country, and they are constantly evolving. It’s critical to:

Understand Local Laws: Depending on where you plan to operate, you may need licenses to provide cryptocurrency trading services.

Adhere to AML and KYC Regulations: Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols are essential to prevent illegal activities on your platform.

Work with Legal Experts: Consult with lawyers who specialize in cryptocurrency laws to ensure your exchange is legally sound.

Step 4: Choose the Right Technology Stack

The technology stack is the foundation of your crypto exchange app. To build a secure, scalable, and high-performance platform like Binance, you’ll need to select the right tools and infrastructure. The key components include:

Trading Engine: The heart of your exchange, responsible for matching buy and sell orders in real-time. It must be fast, reliable, and scalable.

Blockchain Integration: You’ll need to integrate with multiple blockchains to support various cryptocurrencies. Decide if you’ll build on top of existing blockchain technology or create your own.

Wallet Integration: Offer both hot and cold wallets. Hot wallets allow for instant transactions, while cold wallets store assets offline for added security.

APIs: Use APIs to connect your platform with external services like payment gateways, liquidity providers, and other exchanges.

Security Features: Implement robust security measures, including SSL encryption, 2FA, and anti-phishing mechanisms.

Step 5: Develop a User-Friendly Interface

A user-friendly interface is critical to the success of any crypto exchange. You want to ensure that users can navigate your platform easily, regardless of whether they are experienced traders or new to the crypto world. Consider the following:

Intuitive Design: Keep the user interface (UI) simple, clean, and responsive. Users should be able to execute trades, view charts, and manage their accounts without confusion.

Mobile and Web Optimization: Most traders use mobile devices to manage their trades. Ensure your platform works seamlessly on both mobile and web browsers.

Advanced Tools for Pro Traders: For more experienced traders, integrate advanced charting tools, indicators, and customizable dashboards.

Step 6: Integrate Liquidity Solutions

Liquidity is a critical factor for any crypto exchange. Without sufficient liquidity, users may struggle to execute trades at fair prices. Binance has high liquidity because of its large user base and partnerships with liquidity providers. For your exchange, you can:

Partner with Liquidity Providers: Work with market makers or liquidity providers to ensure there’s always enough trading volume.

Offer Incentives: Provide rewards to users who help provide liquidity on your platform through staking or market making.

Pool Liquidity from Other Exchanges: Use API integrations to connect to other exchanges and pull in liquidity from external platforms.

Step 7: Implement Strong Security Protocols

Crypto exchange security is paramount. High-profile hacks have occurred on numerous platforms, damaging their reputations and leading to significant losses for users. To avoid this, you need to implement strong security measures:

Cold Wallets: Store the majority of funds offline to protect them from hackers.

Two-Factor Authentication (2FA): Require users to enable 2FA for account logins and withdrawals.

Regular Security Audits: Conduct periodic audits to identify and fix potential vulnerabilities.

DDOS Protection: Protect your platform from Distributed Denial of Service (DDOS) attacks to prevent downtime and security breaches.

Step 8: Launch and Market Your Exchange

Once your platform is built, it's time to launch. To attract users and build trust, you’ll need a solid marketing strategy. Here’s how to get started:

Pre-launch Campaign: Build anticipation with a countdown or an early-bird registration campaign.

Content Marketing: Create blog posts, tutorials, and guides to educate users about cryptocurrency and how to use your platform.

Social Media Engagement: Leverage platforms like Twitter, Telegram, and Reddit to build a community around your exchange.

Influencer Collaborations: Partner with influencers in the crypto space to increase brand visibility.

Step 9: Continuous Updates and Support

The crypto world evolves quickly, and so should your platform. After launching, you’ll need to continuously improve your exchange by adding new features, listing new tokens, and upgrading your security measures. Offer 24/7 customer support through live chat, email, or phone to address user concerns promptly.

Conclusion

Building a Binance clone is a complex but rewarding endeavor. By following these steps—conducting market research, choosing the right business model, ensuring compliance, selecting the right technology stack, and implementing strong security—you can create a successful crypto exchange app that meets the needs of today’s traders. With the right strategy, you can replicate the success of Binance while carving out your own niche in the crypto world.

[zarazyana]

What Are the Essential Steps to Launching a Successful Crypto Exchange?

Launching a successful crypto exchange can be a game-changer in the cryptocurrency industry, where the demand for secure, fast, and user-friendly trading platforms is ever-growing. However, starting such an enterprise requires meticulous planning, a robust technical infrastructure, and compliance with regulatory frameworks. If you're considering building your own crypto exchange, it's essential to understand the process and take the right steps to ensure long-term success. In this guide, we’ll walk you through the key steps to launching a crypto exchange, from the initial concept to scaling your platform.

1. Understand the Crypto Market and Define Your Niche

The first step in launching a crypto exchange is to understand the dynamics of the cryptocurrency market. Crypto exchanges are pivotal in connecting buyers and sellers of digital assets, so before diving into the technicalities, you need to analyze the market to identify trends, competitors, and opportunities.

Market Research:

Analyze the Competition: Research the existing exchanges, such as Binance, Coinbase, and Kraken. Identify their strengths and weaknesses, and look for gaps in the market that you can exploit.

User Preferences: Determine what traders look for in an exchange—whether it’s low fees, high liquidity, security, or a vast range of supported assets.

Regulatory Environment: Understand the legal and regulatory landscape in your jurisdiction and internationally. Regulations around cryptocurrencies vary widely, and non-compliance can lead to heavy fines or the shutdown of your platform.

Define Your Niche:

Once you understand the market, define your exchange’s unique value proposition. Consider the following options:

Types of Crypto Pairs: Focus on supporting popular cryptos like Bitcoin, Ethereum, or lesser-known altcoins.

Target Audience: Are you catering to retail traders, institutional investors, or businesses looking to integrate crypto payments?

Geographical Focus: Consider which regions you want to serve. This will influence your regulatory approach and marketing strategies.

2. Obtain the Necessary Licenses and Compliance Certifications

Compliance is one of the most crucial aspects of running a crypto exchange. Since cryptocurrencies are often associated with fraud, money laundering, and illicit activities, ensuring that your platform is legally sound is essential for success.

Regulatory Compliance:

Know Your Customer (KYC): Ensure that your platform complies with KYC regulations, requiring users to verify their identity before trading.

Anti-Money Laundering (AML): Implement AML procedures to detect suspicious activities and prevent money laundering.

Licensing: Depending on your location, you may need to apply for licenses to operate legally. Countries like Malta, Estonia, and the Cayman Islands offer favorable crypto regulatory environments.

Partnering with a legal expert specializing in crypto can help guide you through the complex legal requirements and ensure that your exchange operates within the law.

3. Choose the Right Exchange Model

There are different types of crypto exchanges, and the model you choose will impact your operational requirements, user experience, and revenue generation.

Types of Crypto Exchanges:

Centralized Exchanges (CEX): These exchanges act as intermediaries between buyers and sellers. Centralized exchanges manage all transactions, which makes them fast and efficient but also increases the risk of hacking. Examples include Binance and Coinbase.

Decentralized Exchanges (DEX): These exchanges operate without a central authority, providing users with more control over their assets. They are generally considered more secure but may have lower liquidity. Examples include Uniswap and PancakeSwap.

Hybrid Exchanges: Combining elements of both CEX and DEX, these exchanges aim to offer the benefits of centralized speed with decentralized security.

For a new business, a centralized exchange is generally easier to set up and can be more profitable in the initial stages. However, if security and privacy are top priorities for your platform, a DEX or hybrid approach may be more appropriate.

4. Build the Technical Infrastructure

Creating a robust and scalable technical infrastructure is critical to the success of your crypto exchange. This includes choosing the right platform, setting up secure wallets, and integrating a reliable trading engine.

Choosing the Right Development Approach:

Custom Development: Hiring a development team to create a fully customized crypto exchange platform can be expensive and time-consuming but offers complete flexibility.

White-Label Solutions: If you want to launch quickly, consider a white-label exchange solution. These are pre-built platforms that can be branded and customized with your logo and unique features.

Open-Source Solutions: Another option is using open-source crypto exchange software, which can be tailored to your needs but often requires more technical expertise.

Essential Features to Implement:

User Interface (UI): Design a simple and intuitive UI that appeals to both beginners and experienced traders.

Order Matching Engine: This component matches buy and sell orders quickly and efficiently.

Liquidity Management: Ensure that your platform can provide high liquidity to avoid delays in transactions.

Security Features: Implement robust security measures such as two-factor authentication (2FA), encryption, cold storage wallets, and anti-DDoS protection.

Payment Gateway Integration: Allow users to deposit and withdraw funds seamlessly through various payment options, including bank transfers, credit cards, and crypto wallets.

5. Secure Your Exchange

Security is paramount in the cryptocurrency space. Exchanges are frequent targets of hackers, and even the smallest vulnerability can lead to significant losses for your users and damage to your brand’s reputation.

Security Measures to Implement:

Cold Wallets: Store the majority of user funds in cold wallets, which are offline and less vulnerable to hacks.

Multi-Signature Wallets: Use multi-signature wallets for enhanced security, requiring multiple parties to approve a transaction.

Regular Audits: Conduct regular security audits to identify and fix vulnerabilities in your platform.

Insurance: Some exchanges opt for insurance coverage to protect user funds in case of a breach.

Anti-Hacking Protocols:

Real-Time Monitoring: Implement a real-time monitoring system to detect and respond to suspicious activity.

Bug Bounties: Consider offering a bug bounty program to incentivize white-hat hackers to find vulnerabilities in your system.

6. Integrate Trading Pairs and Liquidity

A successful crypto exchange needs to support a wide range of trading pairs and ensure liquidity for seamless transactions.

Liquidity Solutions:

Market Makers: These entities provide liquidity by placing large buy and sell orders, ensuring that users can trade without significant slippage.

Partnerships with Liquidity Providers: Collaborate with established liquidity providers or use liquidity aggregation services to improve the trading experience.

Listing Cryptocurrencies:

Select the cryptocurrencies you want to list on your platform. While Bitcoin and Ethereum are must-haves, you might also want to consider listing trending altcoins or niche tokens that appeal to specific user segments.

7. Implement Payment and Withdrawal Methods

Offering multiple payment methods will make your platform accessible to a broader audience. Payment and withdrawal methods vary from region to region, so it’s essential to integrate options that your users are familiar with.

Cryptocurrency Payments: Support various cryptos such as Bitcoin, Ethereum, and others for deposits and withdrawals.

Fiat Payment Gateway: Enable users to deposit and withdraw fiat currencies like USD, EUR, or GBP via bank transfers, credit cards, or other payment systems.

Stablecoins: Consider adding stablecoins like USDT or USDC to cater to users who prefer price stability.

8. Test Your Platform

Before going live, thoroughly test your crypto exchange for functionality, security, and scalability. Conduct both internal and external testing to identify bugs, performance issues, and potential vulnerabilities.

Testing Phases:

Unit Testing: Test individual components of the exchange to ensure they work as expected.

Load Testing: Simulate high traffic to see how the exchange handles a large number of users.

Security Testing: Perform penetration testing to identify weaknesses in your platform’s security.

9. Launch and Market Your Exchange

Once your crypto exchange is up and running, it’s time to launch and market it to attract users. A successful launch involves not just technical readiness but also strategic marketing.

Marketing Strategies:

SEO Optimization: Optimize your website for relevant keywords to improve organic search rankings.

Social Media Marketing: Leverage platforms like Twitter, Reddit, and Telegram to build a community and promote your exchange.

Partnerships and Sponsorships: Partner with influencers, crypto projects, or other exchanges to drive traffic to your platform.

Referral Programs: Offer incentives for users who refer others to your exchange.

Security and Trust Building: Highlight your platform’s security features to build trust with your users.

10. Provide Ongoing Customer Support

Customer support is critical in retaining users and building a loyal customer base. Ensure that you offer 24/7 support through multiple channels, including live chat, email, and phone support.

Common Support Features:

Help Center: Create an in-depth knowledge base where users can find answers to common questions.

Ticketing System: Implement a ticketing system to track and resolve user issues efficiently.

Community Forums: Build a community where users can interact, share tips, and provide feedback.

11. Monitor and Scale Your Exchange

After launching, your job isn’t over. Monitoring the performance of your exchange, responding to user feedback, and scaling the platform as needed are essential for long-term success.

Continuous Improvement: Regularly update your platform with new features, cryptocurrencies, and security enhancements.

User Feedback: Pay attention to user feedback and resolve issues to improve the user experience.

Scalability: As your exchange grows, ensure that your platform can scale to handle increased traffic and transaction volume.

Conclusion

Launching a successful crypto exchange is a complex and challenging endeavor, but with the right preparation and strategy, it can be highly rewarding. From conducting market research and complying with regulations to implementing robust security features and effective marketing strategies, each step in the process is crucial for building a sustainable business. By following these essential steps, you’ll be better positioned to create a secure, reliable, and user-friendly crypto exchange that can stand out in a competitive market.

[joshliffe]

Binance Clone Script: Revenue Blueprint

Trump came back after a one-term break.

The price of the Bitcoin peaks at 75,000 USD.

Cryptocurrencies are accepted everywhere. And getting known to even developing and some under-developed countries. There's one reason.

Top developed countries like the USA have contributed a lot to it. It ranks as the country with the largest number of crypto ATMs in the world.

Top business ventures and start-ups also started investing in the crypto business. They've created the trend of cloning the top platforms like Binance and took significant revenue.

The revenue model of the Binance clone script is diverse.

Let's examine them individually.

Binance Clone Script: Revenue Blueprint

Trading Fee

Every trade that occurs within the platform does carry fees. Binance clone script is celebrated all over the world for its various trading options.

Spot trade, margin trade, futures, and P2P do executes with transaction fees.

In margin trading, you can earn large profits. Your users repay the funds with interest after the trade ends.

In P2P, users deposit their fiat and get crypto in return. When they receive their crypto, your platform deducts a part from it.

Withdrawal/Deposit Fee

After the completion of trading, users withdraw or deposit their funds.

While performing those, your platform deducts a portion from it.

Withdrawal fees fluctuate depending on network congestion.

Staking

You provide an option for the traders to use their crypto to earn rewards.

Users lock their crypto for a flexible or a fixed interval and earn crypto as a reward for it.

From that final reward, your Binance clone script takes a percentage from it.

Launchpad

You can help new projects for start-ups to raise funds. You can calculate and allocate the token sales.

You can charge a fee and keep a portion of the tokens.

OTC

Over-the-counter (OTC) enables your users to trade bulk orders in one go. So, the transaction charges will also be so high. It executes the trades without impacting the market prices of your Binance clone script.

This not only boosts revenue to your platform. It also grabs more institutional investors to your exchange platform.

Loan services

With collateral, your users can borrow funds whenever they want.

You can earn interest on this to your Binance clone script when they repay.

This makes your platform open for borrowers too. Our traditional banks require a lot to process and sanction loans.

Partnerships

You'll reach a greater user base by partnering with other business ventures or organizations.

It also helps your platform to improve by sharing technologies with other exchange platforms.

Marketing

It involves two angles. One is marketing your Binance clone script to grab more users. Another one is helping other platforms to reach a greater user base.

Let's bring this to a close now.

Ultimate Summary

Binance clone script is positioned to generate income across various sectors of the cryptocurrency market. 

And we've seen every possibility you can generate revenue.

You can empower your start-up with the Binance clone script to reach new heights.

The ball is in your court to embrace this opportunity. Farewell for now, entrepreneurs.

Get Free Demo,Mail: sales@innblockchain.com

Whatsapp: +91 9361357439

Web: https://www.trioangle.com/binance-clone/ 

[ab-tutorial-bd]

Here’s a detailed guide on how to earn money online, covering some popular and effective methods:

1. Freelancing

Freelancing allows you to offer your skills in areas like writing, graphic design, programming, marketing, and more. Platforms like Upwork, Fiverr, and Freelancer connect you with clients looking for specific services. Building a strong portfolio and receiving positive reviews can help you attract more clients and higher-paying projects.

2. Affiliate Marketing

In affiliate marketing, you earn commissions by promoting products or services. By sharing referral links on your blog, social media, or website, you receive a percentage of sales made through your link. Programs like Amazon Associates, ClickBank, and ShareASale offer thousands of products you can promote, with some even providing recurring revenue.

3. Content Creation (YouTube, Blogging, Social Media)

Platforms like YouTube, Instagram, and TikTok allow you to monetize content through ads, brand partnerships, and sponsorships. On YouTube, for example, you earn money from ads placed on your videos, while Instagram and TikTok allow you to collaborate with brands once you have a large following. Blogging can also be monetized through ads, affiliate links, or paid memberships.

4. Online Courses and E-books

If you have expertise in a specific area, consider creating an online course or an e-book. Platforms like Udemy, Teachable, and Amazon Kindle Direct Publishing enable you to create and sell your own educational content. With quality material, this can become a consistent passive income source.

5. Selling Handmade or Unique Products

Websites like Etsy, eBay, and Amazon allow you to sell homemade or unique items, from crafts to customized products. By creating appealing listings and using social media to promote your store, you can build a loyal customer base.

6. Stock Photography

If you’re skilled in photography, you can sell your photos as stock images on platforms like Shutterstock, Adobe Stock, and Getty Images. Every time someone downloads your photo, you earn a royalty.

7. Online Tutoring and Teaching

If you have teaching skills, online tutoring can be a great way to earn money. Platforms like VIPKid, Chegg Tutors, and iTalki connect tutors with students worldwide. You can teach subjects from languages to science to math, depending on your expertise.

8. Investing in Stocks or Cryptocurrency

Online platforms such as Robinhood, Coinbase, and Binance allow you to invest in stocks, ETFs, or cryptocurrencies. Though it requires some research and understanding, long-term investing can lead to significant returns.

9. Remote Jobs

Many companies now offer remote positions that can be done from anywhere with a stable internet connection. Websites like Remote.co, FlexJobs, and We Work Remotely list job openings across fields such as customer service, data entry, and digital marketing.

10. Surveys, Reviews, and Testing Websites

While these may not be the highest-paying options, websites like Survey Junkie, Swagbucks, and UserTesting pay users to take surveys, review products, or test websites for feedback. These can be easy ways to earn some extra cash with minimal effort.

Each of these methods can offer a steady income, and often they can be combined for multiple streams of income. The key to success in online earning is choosing a method that aligns with your skills and interests, staying consistent, and continuously improving your skills and offerings.

[cryptokimee]

10 Best Crypto to HODL with the Potential to Go 50x+ in Price

With the growing popularity of cryptocurrencies, more and more investors are looking for the next big thing in the market. While there is always a level of risk involved in investing, some cryptocurrencies have shown significant growth potential and could potentially go up to 50x or more in price.

Here are the top 10 cryptocurrencies to HODL (hold on for dear life) with the potential to go 50x+ in price:

Bitcoin (BTC)

Bitcoin, the first and most well-known cryptocurrency, has already seen significant growth over the years. However, many experts believe that the price of Bitcoin will continue to rise as it becomes more widely adopted and mainstream. With a market cap of over $1 trillion, Bitcoin remains a top pick for long-term investors.

Ethereum (ETH)

Ethereum is the second-largest cryptocurrency by market cap and is the backbone of many decentralized applications (dApps) and smart contracts. As more dApps and decentralized finance (DeFi) projects are built on the Ethereum network, the demand for ETH will likely increase, leading to a potential 50x or more increase in price.

Binance Coin (BNB)

Binance Coin is the native token of the Binance exchange, one of the largest cryptocurrency exchanges in the world. As more users trade on the Binance platform and utilize Binance’s other services, the demand for BNB will likely increase, leading to potential price growth.

Cardano (ADA)

Polkadot (DOT)

Polkadot is a multi-chain platform that allows different blockchains to work together, making it easier for developers to create and deploy decentralized applications. As more projects are built on the Polkadot network, the demand for DOT tokens will likely increase, leading to potential price growth.

Solana (SOL)

Solana is a fast and highly scalable blockchain platform that has seen significant growth in recent months. With partnerships with major companies and a strong development team, Solana has the potential to become a major player in the cryptocurrency market.

Chainlink (LINK)

Chainlink is a decentralized oracle network that connects smart contracts to real-world data. With the growing demand for DeFi and other decentralized applications, the need for reliable and secure oracle networks like Chainlink will likely increase, leading to potential price growth.

Uniswap (UNI)

Uniswap is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for a centralized intermediary. As more users trade on the Uniswap platform and utilize other DeFi protocols built on top of it, the demand for UNI tokens will likely increase, leading to potential price growth.

Aave (AAVE)

Aave is a decentralized lending platform that allows users to borrow and lend cryptocurrencies without the need for a centralized intermediary. With the growing demand for DeFi and other decentralized financial services, the demand for AAVE tokens will likely increase, leading to potential price growth.

NavC Token

NavC is an ERC-20 utility token designed to serve as the native cryptocurrency of the NavExM trading ecosystem. NavExM is a positive cashback centralized cryptocurrency exchange that provides trading and investing in crypto, NFT, and stablecoins.

The primary aim of the project is to reduce the transaction fee and offer positive cash back for every trade at the NavExM exchange. The project will launch in March 2023 as the world’s first revenue-giving exchange for crypto enthusiasts. The current price of NavC Token is $1 its price increased after the launch of NavExM.

Looking for a highly rewarding crypto trading platform?

Look no further than NavExM! It is powered by the native utility token NavC, making it one of the most innovative and cutting-edge Crypto Trading Exchange.

If you have any questions related to NavC or NavExM, join us on Telegram and ask away! Our team of experts is ready to answer any and all questions you may have.

[blockinsider]

BlackRock’s IBIT Experiences $165M Inflows Despite Bitcoin’s Downward Trend

Key Points

BlackRock’s IBIT ETF continues to attract significant inflows despite Bitcoin’s recent decline.

Institutional demand for crypto investment products is still on the rise, despite the varied performances of Bitcoin ETFs.

Despite the recent drop in the price of Bitcoin, BlackRock’s IBIT exchange-traded fund (ETF) has continued to see significant daily inflows.

Earlier in the week, Bitcoin’s price dropped to $67,500, down from a high of $69,000.

IBIT ETF Attracts Significant Inflows

On October 24, institutional investors poured over $165 million into IBIT, making it a preferred crypto product amidst a fluctuating market.

Data from SoSoValue reveals that the fund now has a cumulative net inflow of $23.69 billion, surpassing rivals such as Grayscale’s GBTC and Fidelity’s FBTC.

On the same day, total inflows into all US-listed Bitcoin ETFs stood at just under $200 million, with BlackRock‘s IBIT accounting for almost 90% of this figure.

Bitwise’s Bitcoin ETF (BITB) was the second most popular choice, attracting $29.63 million.

Grayscale’s GBTC Experiences Outflows

Data from SoSoValue indicates that GBTC was the only Bitcoin ETF experiencing outflows as of October 24, with investors withdrawing over $7 million in a single day.

Despite this, GBTC remains a strong revenue generator, outperforming competitors like BlackRock’s IBIT.

Grayscale‘s Bitcoin Trust has around $14 billion in assets under management (AUM) and produces approximately $205 million in annual revenue due to its 1.5% fee rate.

In comparison, BlackRock’s IBIT manages $17 billion but earns $42.5 million annually, resulting from a lower 0.25% fee.

This fee difference makes GBTC five times more profitable than IBIT, despite recent investor shifts to lower-cost ETF options.

Despite the varied performances, institutional demand for crypto investment products is still on the rise.

Eric Balchunas, a senior ETF analyst at Bloomberg, revealed that European investors have injected more than $105 billion into the US-listed Bitcoin ETFs.

A separate report by Binance, the leading global crypto exchange with over 200 million users worldwide, shows that institutional interest in the product surpassed that of early gold ETFs during its first year of launch.

Currently, more than 120 financial institutions worldwide are invested in the product, compared to Gold ETFs, which attracted only 95 investors within the same period.

In addition to the massive institutional adoption, Bitcoin ETFs have reached several key milestones in their short time on the market.

On October 17, Balchunas shared that the products crossed $20 billion in total net inflows, which the analyst described as “the most difficult metric to grow” for ETFs.

He further disclosed that the threshold took over five years for Gold-based ETFs to achieve.