13062026 CHAPEL FILIPPO BINANCE

Here we are. So, I'm going to do a serious part and a funny part, okay, so get ready. But the funny one is the cutest. The title is obviously important, from 300 million to 3 billion. And now I'll show you little by little why 3 billion people.

If math is anything to go by, 300 million to 3 billion is a 10x. This is a graph that shows you roughly how many people are and have gotten into crypto over time. We started in 20110. MT Gox had the first exchange that allowed trading Bitcoin with about 10,000 users. Mpt also the collapse, the collapse in 2014 or so.

And who was there at the time of the ICOs 2017-2018? few and many keep the secret. Then there is the Def Summer 2021-2022 more or less 2020 2024 okay you 2020 which entered the other year 2025 more or less. Oh well, you're all apart from them anyway. We currently have 740 million crypto users, which is still a good number.

And these are the three scenarios we expect if a few things happen, including regulation, the tanning of assets, and therefore the world of finance being somewhat absorbed by blockchain technology. Here are some scenarios, the best-case scenario is that we reach around 3 billion people by 2030. We're getting there also because the narrative of this sector has completely changed and the CEO of JP Morgan, one of the largest banks in America, where in 2018 he said that Bitcoin was a scam, that it was money laundering, now actually goes on TV and says that we will use blockchain technology, smart contracts and touchonization in our infrastructure, so it completely changes the narrative. By the way, I 've also given you some examples here that show you how narrative has changed over time. 2017 BlackRock, the investment fund that manages over 10,000 billion in assets.

in 2017 he spoke of Bitcoin as an index of money laundering, which is practically nothing. In 2024, however, he talks about Bitcoin as the new asset, the new digital gold. Jp Morgan, I mentioned before, Goldman Sachs, that's another very important investment fund too. We will not open in 2018 they said they would never open a desk to offer crypto. 23 did it.

So you understand how the narrative has slowly changed over time, also because Bitcoin in 5 years compared to other assets, so Bitcoin is the asset and the green chart compared to the others SP500 oil has outperformed the market in 5 years. Obviously, if you look at it in the short term, we are actually down 50% right now, but on a slightly longer time horizon you obviously get to Bitcoin which is doing better than almost everything. There was even a study that showed that putting Bitcoin in a balanced portfolio, such as together with bonds and other assets from, let's say, the traditional world, performs much better than a portfolio that doesn't have them. A 6040 portfolio in the last 4-5 years without Bitcoin has made about 120 150%, a portfolio where it only has 10% of Bitcoin in the wallet has looked at how much bigger the margin is. Even if you then look at Bitcoin compared to its value in the world, Bitcoin is worth 1.

3 trillion, so 1300 billion, gold 35, global equity, so the entire equity part 125, bonds, the Italian bonds, let's say, 130 and then real estate over 390. So Bitcoin today is truly tiny compared to the assets of the traditional world. A quick aside on Binance, when I said 3 billion it's because it's a 10x increase, because to date there are about 312 million people registered on Binance. So getting to 3 billion is a 10x. And someone might say, "Billiards seems like a bit of an exaggeration to me."

Actually, I'll show you now that it's not like that after all. Since Binance was founded, more trading volumes have been equivalent to global GDP, which is roughly 9 years. So to give you an idea of how big Binance is compared to others. And blockchain and crypto are also great because they allow you to transparently see how many cryptocurrencies, how many assets are inside the exchanges. There are currently approximately 140 billion crypto assets on Binance.

Bybit, which is second, has 14. So to also show you how much bigger Binance actually is compared to other exchanges. This is nice compared to the traditional world because you can always see all this data in real time. So, as I told you before, 300 million to 3 billion is a lot. Actually, if we look at the context now, it 's not a number like that that makes you say, "Wow, that's a lot."

Mh, in 2000, on the 25th of January, tokenization, so real assets, so the whole part of tokenizing financial assets in the traditional world, has increased 5x since January, so in a year and a half, the value of assets in this market has increased more or less five times, so in any case, these are very important values. If we then look from 2020 to today, so in almost 5-6 years, we have gone from tokenization to 31 billion. So that's also to show you the growth that has been exponential. What has changed in 2020-2024? the regulation that has allowed large institutions and even large banks to begin tokenizing this world.

If you also look at tokenization compared to the Bitcoin ETF that was launched about two years ago, the Reward Asset has even done much better, it is doing much better obviously over the same time period than the ETF, in terms of volumes and assets. And this is kind of the scenario we expect: by 2030 we will be able to effectively tokenize a market worth over 30 trillion. This is the best case scenario, so the exceptional, the optimistic about 5, the neutral 1.6. So going to look at what's happening right now, the regulation, America which is also very proactive in this, eh, it's also the market that continues and going to look at the historical data that I showed you before, they could actually be very interesting data.

Then there is also a more detailed analysis on this on Binance Research. I can't do it now because it would take 2 hours, but I summarized it for you. Then for the more curious, go and see it. Another interesting thing that I never see written is that stable coins, therefore this digital dollar, therefore tokenized put on blockchain, last year made more volumes than Visa, but it also made more volumes than Visa and Mastercard combined. This is not something anyone is saying, but today the most used payment and transfer service, with the highest volumes, is cryptocurrency, not Visa and Mastercard, which have been around for many years.

This should also help the market understand a little . This is more or less the volume too. I showed you, I'll show you the volume of last year where in stable coins around 30 trillion, 30,000 billion, so 30 T 30 trillion were transacted, compared to Visa which did 12, but even if you combine Mastercard it did more, the stable coins still did more . So you show that in fact no one talks about this, but in the rest of the world the data speaks clearly. The only payment method used to transfer value today is stablecoins, and the largest wave of people who will reach that famous 3 billion in the next 5 years are emerging markets.

We are not, let's say, in Europe, you see, it's the whole part of China, India, Indonesia, Mexico, Pakistan, where there are billions of users who don't have access to the traditional banking system. This is more data that they show you . the unbanked, that is, how many people don't have a bank account, which is a given for us as Europeans, but in reality there are a lot of people in the world who simply can't make a bank transfer or access the traditional system with cryptocurrencies. And look how many adults there are without credit or access to credit. 4.

7 billion. So maybe saying that within 5 years 3 billion people if you look at these numbers and what cryptocurrencies allow you to do, it's not such a random number or unfortunately too much stuff. So if I now show you the graph with the things I told you, making this 3 billion is not such an absurd thing. In fact, in 5 years I would say I truly expect the green scenario, which is the highest. How Binance is preparing for this, and this also gives you an overview of what's happening in the industry right now, is to create a super app.

Today there is a new term, we always like to give new terms, which is called trify, so triple finance. where is what's happening right now ? Many of you may have traditional banks, what are they doing at the core, they are offering crypto. Then on one side we have the social part, so X, Instagram, what are they doing? they are trying to integrate payments.

On the other hand, crypto exchanges like Binance and others are trying to integrate and offer assets from the traditional world, so it's as if all the platforms were creating super apps to encompass not only crypto but also stocks, shares, everything. So then because now it could be done and not before and also simply because before there was also little liquidity. Today, stablecoins have a market worth over 300 billion if you add them all up, roughly in market capitalization. 34 years ago, stablecoins had a much lower market capitalization than today, so today there's fertile ground to start providing liquidity as well. Here are six of them, even in response to those who say that 300 million to 3 billion seems like a lot.

However, in 3 years they have almost doubled the number of crypto users. The approximately 400 million has approximately 800 million. Real World Asset from 0 to almost 28, Weekly Active User from 100,000 to 400,000 stable coin from 2023 to 100 billion, today 300 billion, a 3% increase compared to 3 years ago. So these are very encouraging data, beyond the market that Bitcoin is falling, if you look at the data all are up. And how do you create a super app?

Because in any case, managing 3 billion people is not an easy thing. It's done in four levels, we call them four levels are AI, so beyond the bubble etc., EI is a very important component because it gives everyone tools to be able to become an expert. So today what I can do alone with AI is equivalent to an American management fund: community, performance, payments. So first level AI, so giving people as many AI tools as possible to then actually give them more tools to use.

Oh, by the way, we at Binance also created a GitHub platform, we launched the Binance Skills Hub where people who use someone use Cloud, Agent, etc. You can connect your agent, your agent to Binance by connecting with GitHub and you can make trades directly to Binance, so ask them, I don't know, when is the best day to buy Bitcoin. For example, he goes to look at the history of the best day to buy Bitcoin, he can give you an answer. Obviously try it and so on, but this is one of the things that can be done, but then you can really do anything. But even for people who are perhaps beginners and don't know how to perform simple actions, with a Binance AI assistant, one can write to me at how in chat, buy me €100 in Bitcoin and the operator will do it automatically, the system.

So she actually gives a lot of tools to people who are entering this industry for the first time . Second level with first level AI. Second level is providing tools to people, so opportunities for earning, the sting, etc. etc. Three communities.

We are also integrating the Binance Chat messaging app, so WhatsApp in quotes inside Binance to be able to have this concept of the Super App of being able to do everything inside Binance and then the fourth part which is the foundation, so the whole core exchange part that must always be there is a must, otherwise all the levels do not work without the 4. And these are presented in a better graphic way the four levels that are there as they should be. So four, the foundation, that's the most important one, the infrastructure and then all the other tools and services that you create for people. I repeat, 3 billion is a lot and this is what makes you see even more or less compared to the electric Binance is if you go to compare trading and features. So, given the same features on Binance compared to other exchanges, how do the others fare?

more or less the others have a 75% compared to Binance or 71 783 compared to all the various levels to also show how innovative Binance is from this point of view, as our CFER says then to close 3 billion users means that Binance is not an exchange, but becomes the financial infrastructure of the world, which is another thing. That's another sport from that point of view. This is the serious part, I've finished it. Getting to the fun part, more than the activities in Italy, then we go for an aperitif. We have YouTube.

Has anyone at our house seen any episodes on YouTube? We have the podcast, we spent a lot of time making the podcast. Watch it on YouTube. This one with Gianluco Comandini, but in my opinion the cutest episode is the one with Marco Casario. Interesting.

No, don't say that, otherwise he'll write to me later. And then it will come out in season 3. Do you know Mister Rip? The clash between Mister RIP's "Bitcoin sucks" and Marco Costanza, who defends Bitcoin, will be released, so I think it will come out around this summer or in September, I don't know, but it's very interesting because sometimes we who live and talk about Bitcoin every day and live a bit in a bubble, so sometimes talking to people who criticize Bitcoin also makes us think and Mister Rip, if I can give you a spoiler, thinks that Bitcoin is only used by underdeveloped and useless countries. This is what then emerges from his reasoning.

A consistency instead shows many many many many things, even that Bitcoin is used for money laundering, all that stuff that is all dismantled from that point of view. The other activity in Italy, besides YouTube and the podcast, is the Binance Italian Cup. Is anyone here playing in the Italian Cup? There are some teams too. What is the Binance Italian Cup?

Simple, a sports tournament divided into four teams: red, blue, yellow, and purple. Every year at the end of June, this year we'll be in Riccione, they compete in the sports tournament. So we've brought together the entire Italian crypto community, divided into teams, and have them compete in a sports tournament. Four teams, yellow, purple, blue, red. And to make you understand the tension that there is among people, so on one side you have Luca Boiardi of Crypto Gateway in a formal way, on the other side one of the control shifts here who is turning and over there he is hiding.

How they are in sport version, how they change, so it shows how the tournament makes people change. By the way, Jonut then became the mascot, the official cover. So today we did some events in Cervia, last time for the red school. Eh, Old will be our sponsor with Filippa Anania, I don't know if she's here. Well, we also have a commentator, young Tony, someone knows and two stages of the tournament.

And today we celebrate the blue team who, spoiler alert, are the ones who won last year, so they are the favorites on paper that someone should be there, there are also some from the other teams, but I have seen infiltrators from the purple, yellow. I'd like to invite the captains of the blue team 2140 podcast for a moment. If you could please tell us what you are preparing for this two weeks because the tournament is basically on the 26th and if you also want to recruit someone for the tournament. Please. So, so, well, guys, we're planning some incredible things because obviously last year we won, but you know, just one victory doesn't give you satisfaction.

We already have a few editions under our belt. Let's say we absolutely have to prove that the best in crypto are actually these guys and those who like blue. If you like yellow, red, purple, violet then you have no reason to exist. So, yes, everyone, support the blue team, guys. I mean, we're not asking you this from the bottom of our hearts, but we're asking you this way because otherwise he'll be waiting for you outside.

Very angry. Terrible. It's the color of life in blue. There are the Smurfs, one of the polar bears. a couple of no, a Power Ranger too and there's the Bull with the abs who is Crazy, I mean he's incredible.

And guys, we're planning stuff, we're cooking, the other two members are here too, I don't know if there are any others around. There's also Tommaso Macchi, there's Frank Bin, hello everyone and we've already won, there's no reason not to win again. We have a lot of professionals on the team, we thought we had zero and instead we have a figure. And we also have women, which is incredible because look at us, I mean incredible and therefore, I mean women in cryo. What?

Incredible. And nothing, you can still vote, but we've already won by a landslide because we have Danny Danny Lazzarin as a sponsor, so, I mean Danny Lazzarin, come on, man the same, we have the same hairstyle and that's it, that's it. Filippo Binance, what else? Well, I didn't give you a cent last year, and I won't give it to you this year either. Let's see what you do.

I don't know. Anyway, blue team, if you want to get on the blue team for the tournament, you're always recruiting. Oh, I also left you the flag because if a team steals the flag they lose a point and then I'll leave you the Toro costume because there will be the parade on the 26th. Go, go. You'll go and put on your costume for later.

Go. I'm going away. To put on the costume with the horns. Go. The blue deckchair is missing, I don't know where it went.

We're already off to a bad start. There was this problem. We talked to the kids this afternoon and said, "Okay, we'll leave the blue chair there for you." I mean, nothing happens, right? No, nothing's happening.

Here, let's go and mind our own business for a moment , the business, those things that we do, serious people, we come back there and it's gone. And not only that, but also that of any of you, whoever it was, and I don't care about anyone because I don't want to doubt all these friends we have here in front of us, right? except the one standing there. Hey guys, we're here to celebrate the blue team, to celebrate against shift, the chairs. Eh, thanks.

Thanks to the blue team. Now I explain to someone who says "What the hell are these chairs?" Now I'll give you some context on the chairs. Last year we had 10 beach chairs and actually two of them were stolen, that is, two chairs disappeared because historically our Binance gadgets that are here that you can win later in the quiz at Cout are very rare, that is, they are not purchasable. Sometimes someone offers me 3-400 for a t-shirt, but I would be a billionaire, but I can't do it, otherwise they'll arrest me.

So no, I don't do it, I have others do it. Okay, no, I'm kidding. So last year they stole two really good beach chairs. So we laughed and joked about it a bit. Someone even tried selling on Vinted, they tried to place the ad to sell two beach chairs.

€3.29 shipping for two BNBs. Try selling them. Um, we created the you can't see it, it went badly. The Nomix chairs, so 10 deckchairs, two are stolen, we have three, Napolh has one from last year and we gave one to each team that they have now stolen the blue one, so I don't know where it is.

Where did the judge go? They stole two of them, right? Because what's the problem? The problem is that whoever is on the team that loses the deckchair and it is stolen also loses points in the tournament standings. So the other teams are trying in every way to steal the opponents' deckchairs .

At the last event in Cervia, the red deckchair was stolen. I don't know who did it , but they stole the red one. So from now on you can steal the deckchairs, but there's no blue deckchair, so they've already stolen it, but you can also steal the flag. So we did Rome, the purple team, Milan the yellow team, last week Cervia, the red team and today we did the blue team. You don't win the Binance tournament for glory , you win for gadgets.

We made the Crocs, eh, they are really unwatchable, but they are very rare, so for collectors and then it's not like we bring you Ronaldo, but we give you the Ronaldo shirt. If you win the tournament, obviously, yeah, you have to win. But I'd say I'm done with this. Thank you. Let 's do the Cout.

Let's do the Cout where if you listened to the presentation you will have no problem winning the Cout. Is there Wi-Fi? Hey, click on the QR code. Click on this code. Oh well, I didn't have time.

Casino happened. Put the pic here the code. Go like this. Go. Scan.

You win the quiz. Gadgets are won. Influencers can't play, eh. Enough influencers, enough. How many will you give me?

Sure, you have my K-way that's worth almost billions. So, this year we also have the new feature, the waterproof one, to put your phone in water. Well, then I don't know what's up. Down filled comforter. We also have a cold weather down jacket.

There's Piumino. Should I have given it away? There's Piumino. Let's go . Here we are.

Let's go. let's wait. You are here? I'm trying to see your link on Here We Go. Go.

We start at the top right and you have to remove first. Yes, there are 10 questions. 10 questions. The first one is simple, eh, you're not getting this one wrong, are you? Go away.

Ah, you have to click next every time. Yes. Eh, so hard work, obviously. Be careful when listening to people at this stage because they will try in every way to steal from Non dico parole. Who put Elon Musk?

The red team. Okay, let's see, be careful because the speed with which you respond also matters, eh? So the faster and better you respond, there is a multiplier. Next, next. Ah, no, you don't see it at the end, maybe.

When Binance was born. How come you don't remember? July, this year we're 9 years old. Go. No, how many of these?

No, when? Eh, how many? This was the title of the presentation. The title was, eh, it was the title. Okay , come on.

Who was called Filippo Balzano? I swear I'm not playing. Go, next. That name doesn't catch anyone's eye. Be careful, eh.

Go, next, next. Go. I've been saying this from January 2025 to today. Five . No, 10 No, 10 were the users of the slides.

Five is another. You see, as soon as you get a little more concrete, the donkey falls. Go, next. I mean, be careful about calling each other stupid names because then if you win you'll have to come here in front of everyone and do whatever you want. Yes, go.

But because it suggests well. This has impressed you that stable coins have made more volumes. Divided into Mastercard. Well, next is almost sexual. It's not it's not eh China China China is not in the top 20 China.

Bang Deci India, Paga are the emerging countries that are using the most crypto right now. Last year, not last year, two years ago who won? This must really be in the community to know, eh two years ago, not last year, the reds are the eternal second, they have never won. The seconds always came. Go!

Last question. Hey, who won last year? Come on, this one, please, this one I want 100% correct answer. Oh, go! This is understood.

It's understood. The blues have understood crypto art. Now let's see the winners. Another one. Oh, okay, sorry.

Another one. There was another one. Go, go. But that's enough for you. But why?

But in the slides there were three. And it 's beautiful. Oh well, there were three in the slides. Come on, I exaggerated it three, then I updated it one. Go here.

See and check podium. Third place Bin obviously Pietro. Eh, the first No, not that one, let's hope. Well, Marco Virchi. Um, close this, Marco.

Close this. Exact. Go to summary, session summary, session summary. And at the top type view report. Oh!

And go to participants, participants, participants. Here they are. So, huh I don't understand who Rad is. No, CryptoBars is the first. Go, come and get it, go.

Aperitif time after now. Who took the Binance ticket? Nobody, eh. Okay, everyone, everyone. Now here comes the gadget for everyone who comes in for an aperitif.

Anyway, Piumino, then Pietro, he goes. Then comes Bchain, Marco V. The sweatshirt vi Cosimo. Tiger tiger tiger CP. Who is the tiger?

Who is the tiger? Damn, heavy tiger. And I recommend that other one to you, the tiger M. Eh, but the tiger M. doesn't suit you.

Eh eh, but in my opinion they're not making the change for you. What's wrong with you? Come on, see you at aperitif. Thank you all.