Binance Reports 30% Growth in Customer Base for 2023
Date: 2023-12-30 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
Binance, one of the leading cryptocurrency exchanges, has recently published its annual report for the year 2023. The report unveiled some striking statistics, showcasing the platform's robust growth and commitment to regulatory compliance.*
1. User Base Surges by 30%
In a headline-grabbing revelation, Binance reported a staggering 30% increase in its customer base, now boasting an impressive 170 million users. This remarkable growth is a testament to the exchange's popularity and reliability among cryptocurrency enthusiasts.
2. P2P Transactions Soar by 18%
Binance's peer-to-peer (P2P) trading platform has witnessed an 18% surge in transactions. This growth highlights the increasing demand for decentralized trading options among users.
3. Binance Pay Gains 70% More Users
Binance Pay, the exchange's payment service, recorded a substantial 70% growth in its user base. This expansion can be attributed to the addition of over 3,500 new sellers and partners.
4. Strengthened Compliance Initiatives
Binance has emphasized its commitment to regulatory compliance by significantly boosting its investment in compliance initiatives. The investment in this area has increased by 35%, demonstrating the exchange's dedication to adhering to global regulations.
5. Expanded Coin Support
Binance has broadened its coin support from 9 to 31, providing users with more options for trading and investment.
6. Maintaining Regulatory Cooperation
Binance highlighted its cooperation with U.S. regulatory authorities, emphasizing its commitment to address concerns and work within established regulations.
7. Global Licensing
The report also noted that Binance holds licenses or permissions for operations in 18 jurisdictions worldwide, setting a record among cryptocurrency exchanges.
8. Improvements in Products and User Experience
The report concludes by mentioning enhancements in products and user experience, particularly in the fields of decentralized finance, blockchain gaming, and SocialFi. Binance's integration of a cryptocurrency wallet into its trading application is a notable development.
Binance remains a significant player in the cryptocurrency industry, with its growth trajectory and commitment to compliance continuing to attract users and investors worldwide.
