Binance Expands Shariah-Compliant Staking Platform as BNB Rallies 5.5% on Bullish Indicators

Binance, the world’s largest cryptocurrency exchange, has announced an expansion of its Shariah Earn staking platform, aiming to tap into the global Muslim community. The initiative, launched on July 10, 2025, to coincide with Binance’s 8th anniversary, simplifies access to Halal-compliant staking using assets like BNB, Ethereum (ETH), and Solana (SOL). Previously available in select markets such as the UAE and Saudi Arabia, the platform now targets a broader audience within the Ummah, a demographic estimated to represent over 1.8 billion people globally [1].

The expansion aligns with Binance’s strategy to enhance mainstream adoption of digital assets. With over 282 million registered users, the exchange aims to leverage Shariah Earn’s appeal to attract new customers, particularly in regions with high Muslim populations [1]. This move also positions Binance to compete against emerging crypto platforms backed by traditional financial institutions. According to CoinGecko data, Binance handled $37 billion in 24-hour trading volume out of a total $251 billion across 211 tracked exchanges, underscoring its dominance [1].

The platform’s focus on ethical compliance resonates with a segment of investors seeking adherence to Islamic principles, which prohibit interest-based transactions. By offering staking options that circumvent conventional financial norms, Binance addresses a niche market while broadening its user base. This strategy mirrors regulatory compliance efforts in recent years, reinforcing Binance’s reputation as a user-centric exchange [1].

The announcement coincides with a surge in BNB’s price, which reached an all-time high of $808 earlier this week before retreating to around $766. Analysts attribute this rally to macroeconomic optimism in the crypto sector, driven by institutional interest and clearer regulatory frameworks in key jurisdictions like the United States. Technical indicators also suggest a potential upward trajectory for BNB. The daily MACD and signal lines have crossed the zero level, accompanied by bullish histograms, while the RSI has exceeded 70—a threshold often signaling overbought conditions and possible price resistance [1]. These metrics fuel speculation that BNB could approach $1,000 in the coming weeks.

Binance’s expansion into Shariah-compliant finance underscores its adaptability to diverse market demands. By addressing the Ummah’s financial needs, the exchange not only diversifies its user demographics but also strengthens BNB’s utility as a staking asset. The integration of BNB into this platform further cements its role within Binance’s ecosystem, potentially driving increased demand and price appreciation.

Source: [1] [title1] [url1] (https://coinedition.com/binance-shariah-earn-expansion-fuels-bull-case-bnb-price/)