Global Bitcoin Bank Market Research Report by Type: AI-Powered Crypto Banking, By Application: AI-Driven Crypto Transactions & Banking

HTF MI just released the Global Bitcoin Bank Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025–2032.

Major cryptocurrency exchange platform, Binance, has announced its plans to expand into new markets and introduce new products in 2024. This follows a successful 2023, which saw the company achieve a record trading volume of $15.7 trillion in the first nine months of the year.

Binance to Focus on Expansion and New Products in 2024

According to a report by CCXV, Binance is set to broaden its horizons by venturing into fresh markets and unveiling a diverse range of products in the upcoming year. The exchange is aiming to introduce products tailored for specific regions, taking into account the unique regulatory frameworks and user preferences.

Furthermore, Binance plans to expand its offerings to include derivatives and structured products, catering to the evolving investment demands of its users. As part of its strategic initiative, the exchange is also actively seeking new partnerships and investment opportunities to foster innovation and expand its ecosystem.

“We are constantly striving to provide our users with the best possible products and services,” said a Binance spokesperson. “We are also committed to expanding our presence in new markets and working with local partners to support the development of the cryptocurrency industry in each region.”

Record Trading Volume and Strong Financial Performance

Earlier this year, Binance disclosed staggering trading volumes for the first half of 2023, with a total volume of $10.9 trillion reported in January. This record-breaking performance underscores Binance’s position as a leading cryptocurrency exchange.

In another development, Binance has obtained a license to operate a banking business in Vietnam. This move will enable the exchange to offer a wider range of financial services to users in the Southeast Asian country.

As Binance continues to grow and innovate, it remains focused on providing a secure, efficient, and user-friendly platform for trading cryptocurrencies and accessing decentralized financial services.

In other news, the price of Bitcoin showed strength on Wednesday, remaining above the $70,000 level despite a slight decline of 0.3%. This follows a 3.8% surge in the previous session, which was attributed to a report by the U.S. Bureau of Labor Statistics indicating a smaller-than-expected increase in the Consumer Price Index (CPI).

The CPI, which measures inflation in a basket of consumer goods and services, rose 0.2% last month after a 0.3% gain in August. Economists polled by Reuters had anticipated a 0.3% increase in the CPI and a 0.1% rise in the core CPI, which excludes volatile food and energy components.

The report also revealed a 0.1% decrease in the core CPI, compared to the 0.4% increase in August. Economists had predicted no change in the core CPI.

Bitcoin’s price had soared to a 15-month high of $73,999 on Tuesday after the CPI data showed that inflation was cooling faster than expected. This pushed the cryptocurrency past a key technical level of $70,000, which it had struggled to break through in recent weeks.

At 07:53 ET (12:53 GMT), Bitcoin was trading at $69,998, showing a 0.3% decline for the 24-hour period. Meanwhile, Ether slipped by 0.2%, trading at $5,300.major