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Binance Survey Highlights Transaction Speed as Key Factor in Crypto Adoption as ChangeNOW Achieves Sub-2-Minute Swaps

Binance Survey Highlights Transaction Speed as Key Factor in Crypto Adoption as ChangeNOW Achieves Sub-2-Minute Swaps

Published:
2025-07-18 06:12:27
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Transaction speed has become a critical factor in cryptocurrency adoption, with recent data showing that 26.8% of South Korean investors prioritize deposit and withdrawal times over liquidity or exchange reputation. A 2024 global survey by Binance, involving 27,000 users, further underscores this trend, revealing that 17.2% of respondents cite transaction efficiency as their primary reason for onboarding. In response to this growing demand, ChangeNOW has set a new industry benchmark by achieving sub-2-minute crypto swaps, positioning itself as a leader in fast and efficient cryptocurrency exchanges. This development highlights the increasing importance of speed in the crypto space, as users seek quicker and more seamless transactions.

ChangeNOW Sets New Benchmark with Sub-2-Minute Crypto Swaps as Speed Becomes Critical Factor

Transaction speed has emerged as a decisive factor in cryptocurrency adoption, with 26.8% of South Korean investors prioritizing deposit/withdrawal times over liquidity or exchange reputation, according to 2024 market data. Binance's global survey of 27,000 users further confirms this trend, revealing 17.2% of entrants cite transaction efficiency as their primary onboarding reason.

ChangeNOW now delivers swaps under two minutes - a fivefold improvement from the industry's 10-minute standard two years ago. "This isn't just competitive for Web3; it matches fintech's fastest settlement layers," said Pauline Shangett, the platform's Chief Strategy Officer. July 2025 benchmarks from Swapzone validate these claims, showing ChangeNOW outperforming the 9-10 minute median across non-custodial services.

The acceleration reflects broader market maturation. As real-world crypto applications scale, latency tolerances shrink. Institutional participants and retail traders alike now treat speed as infrastructure rather than premium feature - a shift forcing exchanges to overhaul legacy settlement systems.

Pakistan and El Salvador Forge Crypto-Centric Diplomatic Alliance

Pakistan and El Salvador have formalized diplomatic relations with cryptocurrency cooperation at the core. The partnership, solidified during a meeting between Pakistani blockchain envoy Bilal Bin Saqib and Salvadoran President Nayib Bukele, focuses on shared digital asset infrastructure development and regulatory frameworks.

Pakistan is establishing a national Bitcoin reserve alongside a 2,000-megawatt mining initiative, while newly formed regulator PVARA oversees a domestic crypto market reportedly serving 20 million users. El Salvador continues its pioneering Bitcoin adoption strategy, maintaining BTC purchases under its IMF agreement.

The collaboration signals growing institutional recognition of digital assets as geopolitical tools, with both nations leveraging cryptocurrency to enhance financial inclusion and economic modernization. Market observers note the alliance could create new corridors for BTC liquidity between South Asia and Latin America.

XRP Smashes New All-Time High at $3.49, Surges 500% in One Year

XRP has surged to a record $3.49, marking a 14.16% daily gain and reclaiming its position as the third-largest cryptocurrency by market capitalization. The rally reflects sustained momentum, with year-to-date gains exceeding 66% and a staggering 498% increase over the past 12 months.

Ripple's legal victories and strategic expansions in cross-border payments, particularly in Asia and the Middle East, have fueled investor confidence. Trading volumes on major exchanges like Binance underscore growing institutional interest.

Technical indicators suggest a breakout into price discovery mode, with analysts monitoring whether the token can sustain its upward trajectory amid broader crypto market optimism.

Senator Warren Warns Crypto Bill Could Undermine Financial Regulations

Senator Elizabeth Warren has raised alarms over the CLARITY Act, suggesting it could destabilize the financial system by allowing companies to bypass SEC regulations. The bill WOULD enable firms to tokenize shares on qualifying blockchains, effectively circumventing traditional disclosure requirements. Warren argues this creates a dangerous loophole, stripping investors of critical protections.

The proposed shift from SEC to CFTC oversight for certain digital assets has sparked intense debate. Companies like Amazon or Meta could theoretically raise capital without submitting audited reports—a move Warren claims would 'blow up the NYSE's value.' Meanwhile, CZ Binance countered on social media, noting that equating the NYSE with the entire U.S. economy oversimplifies market dynamics.

This controversy emerges during a pivotal week for crypto legislation in Washington. Multiple bills are under consideration, including measures that could redefine how blockchain technology intersects with public markets. The outcome may hinge on whether lawmakers view tokenization as innovation or regulatory arbitrage.

BNB Breaks $700 Amid Market Rally but Lags Behind Majors

Binance Coin (BNB) surpassed the $700 resistance level after two failed attempts in Q2, marking a 10% monthly gain. Yet this performance pales against top altcoins, many of which rallied over 20% during the same period. The token's relative weakness dragged its market dominance to a five-month low of 2.60%, down from 3.40% in mid-March.

Altcoins collectively attracted $140 billion in fresh capital this week, pushing the ex-Bitcoin market cap to $1.47 trillion. BNB saw just $4 billion of these inflows—the weakest among top-five cryptocurrencies. The divergence suggests capital may be rotating toward higher-beta plays rather than abandoning BNB entirely.

On-chain metrics tell a different story. Strong DEX flows and token economics continue to draw institutional interest, potentially positioning BNB for a long-game resurgence. Market structure now hinges on whether this fundamental strength can overcome short-term underperformance.

Bitcoin Holds Above $117K Amid Whale Deposit Decline and Stablecoin Inflows

Bitcoin maintains bullish momentum, trading at $117,847 despite a 4.1% retreat from recent highs. The asset has gained nearly 10% over the past week, with on-chain data suggesting sustained buying interest.

Analyst Amr Taha notes a strategic shift in whale behavior, with Binance deposits from large holders dropping $2.25 billion over 30 days to $4.5 billion. This reduction in exchange inflows typically signals decreased selling pressure, potentially stabilizing prices in the NEAR term.

Concurrently, rising stablecoin inflows point to growing risk appetite among investors. The combination of whale accumulation and fresh capital entering via stablecoins creates a supportive environment for Bitcoin's upward trajectory.

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