Binance Research (@BinanceResearch)

🧵 1/ The World Cup mapped a financial inclusion crisis: 74% of viewers came from regions where <7% have equity access. Regions that watch football most are where crypto is growing fastest—while equity access remains lowest 🌏 South & SE Asia: 54% 🌍 Africa & Middle East: 20% When the bank won't open the door, crypto builds a new one.

The tokenized market just crossed US$10B. About a year ago it was under US$1B. 🔸 80% of tokenized stock traded on Binance are from emerging market users 🔸 93% of trades are fractional 🔸 Median trade size: US$18.81 The stock market is being rebuilt from scratch. Read more ⬇️

1/5 Why is crypto weak lately? The answer may not lie in crypto itself — but in equities. CBOE Dispersion Index hit 42 — 3rd highest ever. It means extreme capital concentration within the S&P 500. When a few hot themes absorb all the flows, BTC gets sidelined. 🧵👇

Bitcoin in 2026 is not the Bitcoin of 2010. What once bought 2 pizzas is now a trillion-dollar asset with a different market profile: 60% supply unmoved 1Y+, cycle vol down ~50%, institutions own 18.5%, ETFs hold more BTC than is left to mine. Charts ⬇️

Crypto is not a safe haven for illicit finance. 📊 ~11% of illicit crypto volume was seized in 2025 – 55x the recovery rate for fiat. That figure comes from publicly reported actions by Tether, Interpol, the T3 Financial Crime Unit, and others — not a single agency estimate. 📌 For context: The UNODC estimates less than 1% of illicit fiat flows are seized globally each year. Even stripping out the Prince Group case alone (~US$15B in BTC), the remaining 2025 crypto seizures still run at roughly 10x that fiat baseline. 🔍 SlowMist and PeckShield tracked 8.3%–13.2% of stolen funds recovered or frozen in 2025 — reflecting fast incident response and tight coordination between exchanges, issuers, and law enforcement. The bottom line: Crypto crime isn't solved. But the idea that crypto is uniquely hospitable to illicit activity is increasingly a myth. Blockchain is transparent by design. Regulators and investigators are finally using that to full effect.

Tokenized RWA growth is accelerating. Distributed value now sits at US$31.4B, with two-thirds added in the past year alone. Yet penetration remains just ~0.01% of the core addressable market. Even sub-1% by 2030 implies a trillion-dollar market ➡️

1/ 🧵 Crypto already has 700M+ users globally. Over the past few years every catalyst — ETF approvals, institutional entry, stablecoin legislation — has driven growth. But the slope hasn't changed. Our research points to two reasons: user demand and awareness on one side, and crypto's product architecture on the other. By 2030, this number could be 3B. 👇

28% of Binance users keep at least half their portfolio in stablecoins. In 2020, that figure was 4%. In emerging markets, it's 36%. Crypto exchanges are becoming savings accounts.

Stablecoin market cap at a new ATH: ~$320B. <$5B in 2020 → $185B peak in 2022 → a steady multi-year climb to today's high. The supply side has never been deeper, and the slope hasn't broken since early 2024.