Binance: Emerging market users to account for 77% in 2026, crypto trading platforms are being used as "shadow banks"

ChainCatcher
May 9, 2026
#Macro
According to CoinDesk, Binance released a research report stating that users from emerging markets now account for 77% of the platform’s total user base, up from 49% in 2020. The report notes that an increasing number of users are utilizing cryptocurrency exchanges for savings, payments, and investment—not merely for trading.
Binance stated that globally, 1.3 billion adults still lack access to financial services, 4.7 billion adults lack access to credit, and approximately 1.4 billion depositors in low-income countries earn no interest on their deposits. Against this backdrop, crypto platforms are filling the gap left by traditional financial services.

The report shows that around 36% of emerging market users allocate at least half of their assets to stablecoins—a phenomenon Binance views as evidence that stablecoins are increasingly being perceived as savings tools. It further notes that stablecoin cross-border transfers can cost as little as USD 0.0001 and settle nearly instantly, offering a significant advantage over traditional SWIFT cross-border remittances, which average over USD 20 in fees

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