Binance published the 2023 report

Binance, the world’s largest cryptocurrency exchange, released its 2023 report, showcasing remarkable achievements and expansive growth across various spheres.

In the past year alone, Binance witnessed a notable 30% surge in user numbers, reaching an impressive 170 million. This shows the trust placed in Binance by millions of traders globally.

P2P transactions on the platform experienced an 18% uptick. Currently, the exchange supports 431 assets for trading across 1785 pairs, providing users with an extensive array of options.

Binance Pay, the platform’s payment service, saw a substantial 70% increase in users, attributed to the onboarding of over 3,500 new merchants and partners.

Binance also intensified its focus on regulatory compliance, increasing investments in this field by 35%, from $158 million to $213 million. Last year, Binance had to make a deal with the US authorities. Binance emphasised that this situation facilitated the development of a comprehensive compliance program aimed at enhancing user security.

Moreover, Binance has acquired licences or work permits in 18 jurisdictions globally, setting a noteworthy record among crypto exchanges.

Furthermore, the exchange has enhanced its proof-of-reserves system, now accommodating 31 coins instead of 9.

At the end of the report, Binance highlighted advancements in blockchain gaming, decentralised finance, and SocialFi. They underscored the launch of their own crypto wallet integrated into the trading application.

Emphasising their proudest accomplishment, Binance pointed to the sustained trust of an ever-expanding community, considering it a crucial element in fulfilling their mission to promote the freedom of money.

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