Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements

The largest cryptocurrency trading venue added 40 million accounts to 170 million.

Binance's user base grew 30% in 2023, CEO Richard Teng said Thursday, signaling strength as the world's largest cryptocurrency trading venue tries to look past November's settlement with U.S. regulators and the departure of founder Changpeng "CZ" Zhao.

In Binance's end-of-year report, Teng said "net inflows have been very robust, while new users continued coming in steadily" following Zhao's guilty plea, which also saw Binance agree to pay $4.3 billion for violating U.S. banking laws.