Binance has announced the launch of its Thailand branch, Binance TH. The exchange, established by Gulf Binance, aims to facilitate the buying and selling of digital assets with local currency pairings. Binance TH has been licensed by Thailand's Ministry of Finance and regulated by Thailand SEC. The launch of Binance TH adds to the growing presence of cryptocurrency platforms in Southeast Asia, highlighting the region's importance as a hub for digital asset trading and innovation.

Binance has announced that it will remove the following spot trading pairs and stop trading: CITY/BTC, COS/BNB, COTI/BNB, FLOKI/TUSD, FUN/BNB, HIFI/ETH, LTC/UAH, MULTI/BTC, PSG/BTC starting from 11:00 on January 12, 2024 (UTC+8).

Binance released its reserve proof for January 2024, with BTC reserve ratio reaching 103.79%, USDT reserve ratio reaching 123.20%, and BNB reserve ratio reaching 106.04%.

Binance has announced that its Web3 wallet has introduced new chains and enhanced exchange options, including access to 29 DEX and 15 bridges. The wallet now also has 19 new integrated dApps, offering extended access to services in the DeFi, gaming, and other fields. This update also includes optimized home and exchange pages, and simplified UI experience.

Crypto exchange Binance has added a "monitoring tag" to certain cryptocurrencies, including privacy coins Monero, Zcash, Horizen, and Firo. Tokens with the monitoring tag are subject to regular reviews and are at risk of being delisted from the exchange if they no longer meet listing criteria. Users are required to pass a quiz to trade tokens marked with the monitoring tag. Binance's decision to mark privacy coins with a monitoring tag comes as the exchange has opened its books to monitoring by US financial regulators and law enforcement, following its multi-billion-dollar settlement with US regulators.

Binance stated in a blog post on its official website that due to the fact that cryptocurrency is a new industry, scams are becoming more frequent and complex. Therefore, it is necessary for users to constantly learn about the latest prevention methods. Binance's risk control measures are divided into 8 levels based on the strength of the fraud risk, ensuring a balance between user experience and security. These 8 levels are in order from low to high: custom pop-up notifications, interactive risk assessment forms, global malicious address database alerts, freezing small profits, 1-hour cooling-off period, 24-hour cooling-off period, chat dissuasion, and alert services.

On January 4th, Binance Labs announced its investment in Memecoin (MEME), the native ecosystem token of Memeland. Memeland's core focus is on building and investing in SocialFi and creator economies, utilizing meme internet culture to connect creators and communities through its MEME token and NFTs.

Binance will list ICP/FDUSD, LDO/FDUSD, and MOVR/TRY spot trading pairs at 16:00 on January 5, 2024, providing users with more spot trading options. In addition, Binance will open trading robot services for the following trading pairs at 16:00 on January 5, 2024: Spot grid, spot DCA (dollar-cost averaging), intelligent position: ACE/USDT

According to Kaiko, a cryptocurrency intelligence platform, the market share of Binance, a cryptocurrency exchange, dropped significantly to 44.5% last year. This decline followed a three-year upward trend, with Binance's market share skyrocketing from 22% in 2020 to a peak of 60% in 2022. However, regulatory barriers in multiple jurisdictions subsequently led to a decline in its market share over the past year. Due to regulatory compliance issues, Binance exited several countries in Canada, the UK, and Europe, including Austria, Cyprus, and the Netherlands in 2023.

Binance announced that due to significant market volatility and to provide users with a better trading experience, the USDC-based perpetual contracts for BTC, ETH, BNB, SOL, and XRP, originally scheduled to launch on January 3, 2024 at 20:30 (GMT+8), will be postponed and launched on January 4, 2024 at 20:30 (GMT+8).