- Binance has announced plans to expand access for the Shariah Earn staking platform to global users
- Binance currently has over 282 million registered users and stands to attract more global users with its Shariah Earn product
- BNB price recently reached a new all-time high of above $800 and aims for $1000 next
Binance, the world’s largest crypto exchange, has announced plans to expand access for its recently launched “Shariah Earn” staking platform. The platform, currently available in select nations like the UAE and Saudi Arabia, will now be expanded to reach the wider global Muslim community, often referred to as the Ummah.
The Shariah Earn platform was launched on July 10, 2025 as Binance celebrated its 8th anniversary. The Shariah Earn platform simplified the Halal Rewards with the use of BNB, Ethereum (ETH), and Solana (SOL).
Related: Binance Resumes Services in Syria Following Eased U.S. Sanctions
How Binance Will Benefit from the Shariah Earn Product
The Shariah Earn platform plays a crucial role in Binance’s bid to enhance mainstream adoption of digital assets and simplify financial services. Furthermore, Binance has remained user focused, with the help of regulatory compliance, in the past years.
According to the official Binance website, the cryptocurrency exchange has more than 282 million registered global users. The expansion of the Shariah Earn to more global markets will help the cryptocurrency exchange attract more users, which in turn facilitate the mainstream adoption of digital assets and cryptocurrencies.
The Shariah Earn platform will also help Binance remain competitive amid the emergence of new crypto exchanges backed by traditional financial institutions. According to aggregate market data from CoinGecko, which currently tracks 211 crypto exchanges, Binance recorded $37 billion out of the total $251 billion traded volume in the past 24 hours.
How BNB Price May Benefit Amid Crypto Bull Market
The wider crypto industry has signaled the onset of macro bull market, bolstered by renewed interest from institutional investors and clearer regulatory frameworks in major jurisdictions led by the United States.
Related: BNB (BNB) Price Prediction for July 24
Earlier in Wednesday, BNB price surged to a new all-time high of about $808, before Thursday’s retrace to hover around $766 during the mid London trading session.
From a technical analysis standpoint, BNB price is well-positioned to rally towards $1000 in the coming weeks. Furthermore, the daily MACD line and signal line have crossed the zero line amid rising bullish histograms. Additionally, the daily Relative Strength Index (RSI) has surged above the 70 level for the first time since the beginning of 2025.
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Source: https://coinedition.com/binance-shariah-earn-expansion-fuels-bull-case-bnb-price/