Crypto: Binance reveals its 2023 balance sheet

Considered the world leader in crypto exchange, Binance has just unveiled its 2023 results. The latter highlights impressive growth, challenges overcome as well as significant investments in compliance and security.

The new CEO of the crypto exchange Binance speaks about the year 2023

Binance reveals exceptional growth in its 2023 crypto balance sheet

Despite continued challenges in the crypto market in 2023, Binance has successfully navigated volatile fluctuations. The crypto exchange reached 170 million users by the end of the year, with a dramatic increase of 40 million new followers.

Another highlight of the year 2023: the transformation of Binance Feed into Binance Square. Since then, the crypto platform has recorded an impressive increase in the number of daily users. He is increased from 700,000 to 1.6 million.

Added to this is the expansion of supported fiat currencies to 69, with 30 fiat channels accessible globally. Enough to strengthen Binance’s global presence! Above all, it makes crypto trading more accessible for users around the world.

Record investment of $213 million in compliance and security

THE 2023 report of Binance reports a significant increase of 35% compared to the previous year. This underlines the crypto exchange’s continued commitment to meeting regulatory standards and providing a safe and secure trading environment for its users.

In response to growing security concerns, Binance has even taken proactive steps by strengthening its security protocols in 2023. Educational campaigns have been conducted to educate the crypto community on security best practices.

In parallel, the Secure Asset Fund for Users (SAFU) reached an impressive $1.2 billion. Enough to strengthen the confidence of crypto users by offering financial protection in the event of emergency situations!

Certainly, the departure of Changpeng Zhao (known as CZ) marked an important turning point in the history of the company. Binance, however, has demonstrated an exceptional ability to thrive despite challenges. It remains to be seen whether the exchange will still occupy such a prominent place in the future of crypto trading!

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