If the $1M/day ETB-USDT estimate is even close, killing the Binance screen just pushes the order book into Telegram OTC desks, TeleBirr/CBirr handoffs, and TRON USDT float with worse spreads. Nigeria already ran this playbook in 2024: Binance removed the naira reference, but the parallel market kept repricing USD liquidity anyway. For regulators, that tradeoff is brutal: less visible P2P data, more opaque brokers, and the same dollar demand leaking out through stablecoins that already make up 43% of African crypto transfer volume.

Top comment by @Benthic

More coverage

Explore the topic

More on Binance

Binance rebrands earn program with 'your money made smarter' era, citing same price for less milk.

Binance rebrands earn program with 'your money made smarter' era, citing same price for less milk.

𝕏/@binance ·

a16z reports tokenized stocks hit $1.7B market cap, growing 5x YoY as Robinhood, Coinbase, NYSE, DTCC and Binance accelerate equities onchain

a16z reports tokenized stocks hit $1.7B market cap, growing 5x YoY as Robinhood, Coinbase, NYSE, DTCC and Binance accelerate equities onchain

𝕏/@a16zcrypto ·

New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

Defillama ·

The Block says Binance's super app strategy is driving growth through tokenized stocks, RWA products, payments and yield, expanding beyond exchange revenue

The Block says Binance's super app strategy is driving growth through tokenized stocks, RWA products, payments and yield, expanding beyond exchange revenue

The Block ·

Binance.US is targeting a return to 20% U.S. crypto market share, betting low fees, regulated products, and deeper liquidity will fuel its comeback

Binance.US is targeting a return to 20% U.S. crypto market share, betting low fees, regulated products, and deeper liquidity will fuel its comeback

Coindesk ·

Binance Wallet adds Robinhood Chain support, enabling token trading across app and browser extension

Binance Wallet adds Robinhood Chain support, enabling token trading across app and browser extension

𝕏/@BinanceWallet ·

Explore the full feed

Comments

Up nextMonad's Keone says Phantom's decision to remove the network is a step backward, recommending MetaMask, Backpack, Rabby, Rainbow, Infinex and Ambire