According to official sources, Binance announced that it has won the title of "Best Encryption Application" at the 2024 Sensor Tower APAC Awards. Binance has become the top application in the category with its leading performance in the cryptocurrency field, highlighting Binance's outstanding performance, leadership and influence in the cryptocurrency industry. Every year, the Sensor Tower APAC Awards selects leaders in various applications and games based on Sensor Tower Intelligence's insights. These rankings are based on multiple key indicators, including downloads, in-app purchase revenue (IAP), active users, reviews, ratings, and overall impact on society and industry. Andy Goldin, director of data and analytics at Binance, said: "We are very honored to receive the 'Best Encryption Application' award at the 2024 Sensor Tower APAC Awards. This recognition demonstrates our team's commitment to providing the best experience for users and is consistent with recent data results and demonstrates Binance's strong performance. According to DefiLlama, Binance holds US$150 billion in crypto assets for users, and CCData reports show that we have facilitated more than US$100 trillion in transaction volume since 2017. We will continue to be committed to innovation and excellence, promote the development of the cryptocurrency field, and look forward to continued growth and progress in the future."