Binance has introduced a new feature that centralizes tools for privacy management, allowing users to download their personal data. This feature enables users to access their transaction history, profile review, and other account information in one location.
According to a press release by Binance, the company has implemented a privacy program aligned with international privacy laws. This program is designed to give users control over their data and ensure adherence to strict data protection standards. The initiative aims to maintain transparent management of user information, with updates reflecting current advancements in privacy.
The new privacy center feature consolidates tools for privacy rights in one location, enabling users to download a copy of their personal account data directly from the Binance platform. This addition streamlines the data access process, making it more straightforward for users to retrieve information such as transaction history and profile details.
With this feature, according to Binance's press release, users no longer need to contact the data protection office to access their data. They can now do so from the Binance app or website by navigating to the privacy center, requesting a data download, and securing it with a password. This approach allows Binance users to view and manage their data efficiently.
Binance operates as a major global blockchain platform featuring the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem, which includes educational resources, research, charitable initiatives, and an NFT marketplace. According to Binance, they support users around the clock in 40 languages and prioritize security and regulatory compliance. In 2022, the platform saw significant activity with an average daily trading volume of $65 billion and 300 billion spot transactions.