Binance Pay grows 1,700x, accepted by over 20 million merchants this year
Binance Pay has experienced 1,700x growth this year, now accepted by over 20 million global merchants.Summary
Binance Pay, the crypto exchange's payment platform, has seen explosive growth, expanding 1,700 times this year to be accepted by over 20 million merchants globally, up from just 12,000. This surge is largely driven by merchant adoption of stablecoin payments, which constitute 98% of Binance Pay's B2C transactions in 2025. Since its 2021 launch, the service has processed over $250 billion in transactions across regions like Latin America, Africa, Europe, Asia, and the Middle East. Major partners include JW Marriott, KFC, and SPAR, with integrations like Brazil's Pix and Argentina's QR network further embedding crypto into daily commerce. This trend aligns with broader industry growth, as stablecoin monthly volumes surpassed $10 billion in August, with projections suggesting they could account for 10% of global payments by 2030.
(Source：Crypto Briefing)