Binance to combine trading, payments and custody in one app

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, outlined plans to build a single mobile and web application that consolidates trading, payments, custody, savings and an NFT marketplace into one platform.

The company said the app would combine existing products including spot and derivatives trading, Trust Wallet, Binance Pay, Binance Card in select markets, Binance Earn and its NFT marketplace. It also plans integration with BNB Chain to provide access to decentralized applications and on-chain services.

According to Binance, the app will use the exchange engine and custody technology already in place and add payments integrations and fiat on-ramps through local partners. Users would be able to buy and sell tokens, store assets, make payments, access lending and yield products, and interact with BNB Chain without switching between separate interfaces.

Regulatory and licensing requirements will determine where and how the app is offered. Binance has faced regulatory scrutiny in multiple jurisdictions and is pursuing local licenses and compliance arrangements. The company plans to partner with banks, payment processors and licensed entities in markets that require local authorization, which could produce a staggered rollout and feature differences by country.

Security and custody options are part of the proposal. Binance indicated it will offer both exchange custody and non‑custodial wallet options, and implement account security features such as multi‑factor authentication and withdrawal whitelists. The company cited investments in infrastructure and risk controls as the basis for combining trading, payments and custody in a single product.

Industry participants say a consolidated app would bring Binance into more direct competition with banks and fintechs that provide payments, savings and card services. Potential risks for the project include securing banking and payment relationships, ongoing regulatory challenges, and competition from other firms developing integrated financial applications.

In a company blog post, Binance wrote: “We intend to present these capabilities under a single account and interface.” The company added that the timing and exact feature set will depend on local licensing outcomes and coordination with technology and compliance partners.

Binance was founded in 2017 and has expanded from spot trading into derivatives, staking, savings products and NFTs, and launched BNB Chain to support decentralized applications. The proposed app would aggregate the company’s existing services into one access point, with availability and features varying by jurisdiction.