Cryptocurrency
exchange Binance saw significant growth in its user base in 2023, according to
its recently released year-end report. The company added over 40 million
registered users this year, representing a 30% increase compared to 2022. It
now has a total of 170 million registered users globally.
Binance
highlighted the steady adoption growth of its crypto payments , peer-to-peer
trading, and earning products. Its P2P platform saw an 18% increase in trading
volume and a 39% rise in active users.
“By 2023-end, Binance amassed 170 million registered users and offered 1785 trading pairs across 431 different assets,” the company commented in the report.
The #Binance 2023 End-of-Year Report has landed!
This year, we remained dedicated to putting users first and strengthening our business through:
🔸 Enhancing user security
🔸 Upgrading our Proof-of-Reserve system
🔸 Regulatory approvals across 18 jurisdictionsAnd much more 👇
— Binance (@binance) December 28, 2023
The company
also invested heavily in compliance and security measures. It spent $213
million on compliance
