Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening
Binance, the world’s largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations.
According to its recently released year-end report, the cryptocurrency exchange Binance highlighted positive outcomes, emphasizing achievements such as welcoming over 40 million new users, representing nearly a 30% increase from the previous year.
Binance reported growth in services related to crypto payments, P2P trading, and earnings. The number of users using Binance Pay or Card grew by 54%, and the P2P platform processed 18% more trades than the previous year. The platform also added that its Binance Earn program supported over 362 assets across its Simple Earn suite and served 35% more users than last year.
The cryptocurrency exchange has reached over 170 million registered users, offering 431 assets across 1785 trading pairs by the end of 2023. The proof-of-reserves system was extended to 31 tokens, a notable increase from nine the previous year. Binance also introduced its Web3 Wallet.
Binance Feed evolved into Binance Square, a platform designed to be a gateway into the Web3 content universe. Binance Square saw significant growth, with the number of creators increasing from 1,200 to 11,000 and active daily users reaching 1.6 million.
The crypto exchange emphasized maintaining the trust of its growing community as a significant achievement in 2023. The report underlines that users came first for Binance and will always be a priority.
CEO Richard Teng emphasized the company’s commitment to long-term stability and growth, stating, “This organization is built to last—not years, but decades.”
The report also
