The world’s largest crypto exchange made progress on a number of fronts in 2023 and only has one U.S. regulator still pursuing it.
Binance dwelled on the positive in its year-end report. It had achievements to point to.
The cryptocurrency exchange saw a 30% increase in users in 2023, bringing its customer base to over 170 million, and it facilitated 18% more trades between 39% more users than in 2022, it announced. Binance also “significantly strengthened our [its] compliance program.”
Binance made strides in most of its undertakings. Binance Pay onboarded 3,500 new merchants and partners, for example, and the number of Earn program users grew by 35%. Its proof-of-reserves system has been applied to 31 tokens, up from nine last year. Binance also launched its Web3 Wallet.
