TradFi Left 1.3 Billion Behind - Binance Is Letting Them Back In

The need for greater financial access has driven the most statistically unbanked countries towards a swift crypto adoption. According to the latest data from the World Bank, over 1.3 billion adults across the globe are currently unbanked, thus relying on blockchain technology to meet their everyday spending needs.

On the other hand, the heavily under-banked population matters just as much. Nearly 5 billion people lack the opportunity to get credit or loans, while 1.4 billion people in low & middle income countries (LMICs) are saving money without ever garnering any interest on their savings. These regions, underserved by traditional banking, have become the focus of Binance.

The globe’s leading exchange by trading volume increased their emerging market share from 49% in 2020 to 77% in 2026, becoming a crucial financial layer for millions of downtrodden users across the globe. According to the World Bank, a whopping 5 out of the 8 most nations with the lowest financial inclusion score rank among the quickest crypto adopters worldwide.

On average, there’s 4.7 billion people across the globe that can’t get a loan, while an astounding 3.6 billion people don’t use digital cards or payments at all. To lower the barrier for financial onboarding and promote inclusion in the LMIC-rated countries, Binance recognizes the only precondition for it as a smartphone.

Out of the unbanked adults, roughly 900 million have mobile phones and approximately 530 million smartphone devices. According to research by Kenyan MIT economists, the change isn’t difficult to spot - expanding financial inclusion via mobile-money services has lifted over 2% of struggling Kenyan households above the poverty line.

The study examined a structurally similar mobile-money onboarding campaign to blockchain, except for differences in product breadth & the absence of a single domestic operation gatekeeper. Blockchain tech solves this issue as it’s permissionless: people can reach on-chain services not depending on their geographical footprint.

The asymmetry in cost-effectiveness when it comes to cross-border transactions severely affects the LMIC countries remittances. With the current threshold for tier-1 transactions at $2,000, this framework excludes most of the LMIC flows, which often takes days to settle for a minimum transaction handling fee of $20.

To solve this, cross-border systems are swiftly adopting stablecoins, which cumulatively closed in a higher trading volume in 2025 than VISA. Approaching an $8 trillion trading volume nowadays, stablecoins could eliminate the disproportionally high effective fee for beneficiaries of small remittances in the emerging markets.

Recognising these issues, Binance is growing beyond their major crypto exchange status. According to CEO Richard Teng, the globe’s largest crypto company is presently building a super app that would unite every asset class, for every customer, everywhere. From Richard Teng’s perspective, the super app aspires to onboard 3 billion new users.

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