PANews reported on October 25 that according to the official blog, Binance announced the launch of the brand new Binance Connect, a fiat-to-cryptocurrency channel service designed to support Web3 projects. It enables users to trade cryptocurrencies directly from their existing Binance accounts through DeFi wallets such as Trust Wallet. Binance Connect supports more than 100 fiat currencies, 300 cryptocurrencies, and 300 payment methods, providing flexible trading options and competitive pricing. Binance Connect simplifies the integration process for cryptocurrency companies, requiring minimal technical resources while complying with regulatory requirements.

Earlier in August last year, Binance announced the closure of its cryptocurrency payment platform Binance Connect .