PANews reported on January 21 that Binance CEO Richard Teng revealed at the Davos Forum that Binance users saved up to US$1.75 billion in remittance fees through instant cryptocurrency remittances between 2022 and 2024, and the total amount of these remittances reached US$26 billion.

In 2024, the average cryptocurrency remittance amount between international users on the Binance platform was US$470. In addition, according to Binance data, more than 500,000 female users participated in more than US$4 billion in domestic and international cryptocurrency remittances in 2024, further demonstrating the huge potential of cryptocurrency as a financial inclusion and empowerment tool worldwide.