Binance believes its next phase of growth will come from payments and financial services rather than just cryptocurrency trading, as stablecoins reshape the way people use digital assets, according to Shunyet Jan, head of spot trading and derivatives at the exchange.
In an interview with CoinDesk on Binance’s ninth anniversary, Jan outlined Binance’s strategy and shared insight into the platform’s future priorities.
“We are trying to not only be a crypto exchange, but also a super app that involves payment,” Jan said. “If you look at us as a payment provider, then that number becomes much larger.”
Jan said Binance’s new strategy reflects how people are increasingly using cryptocurrencies beyond trading. While trading remains core to Binance’s business, he said stablecoins are increasingly being used for payments and transfers, creating a broader market than just trading.
“I don’t think things have really stabilized,” Jan said. “What happened is a lot of that was driven by the use of stablecoins.”
