Binance’s Head of Product: Focus on compliance, transparency, CeDeFi in 2023

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Binance Head of Product, Mayur Kamat, answered a number of Binance product related questions in his recent interview with Finance Feeds. Read on as Mayur covers it all, from talking about our most popular products to introducing new features for 2023.

is not clear on how it works. Subscribed assets are locked and users won’t be able to cancel or redeem them before the Settlement Date. Is it staking? Lending?

That said, the feedback is interesting and my thanks to you for sharing it. It is a new product and we will keep improving it based on the feedback we receive. With Binance pay offering zero fees for payments, there’s a huge opportunity for being able to pay with crypto all over the world, but especially in emerging markets where we’ve seen significant growth – there’s been around 2 – 4 growth in adoption by Binance.com users in some places like Africa, LATAM and Asia.*What Binance products are most popular and which are gaining more traction?

Personally I’d call out Auto Invest as a hero feature on Binance. We launched it in 2021 and have continued to iterate and build on this feature to make it what it is today. It benefits crypto believers because they are able to easily adopt the Dollar-Cost-Averaging strategy. We keep integrating the product with the rest of our portfolio for e.g. the use of Convert for real-time transactions and Recurring Buy for credit card stablecoins top up.

 

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That's great! It's awesome to see the Head of Product being so open and communicative about the Binance product!

Thanks for informative update Mayur

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