**Binance Boosts Compliance Team Amid Regulatory Focus**

Binance is ramping up its compliance department, planning to expand the team by 34% by the year's end. This move underscores the crypto exchange's commitment to regulatory adherence and ongoing transformation following its settlement with US regulators in 2023. The compliance team will soon boast 645 full-time members, with over 1,000 including contractors.

The company is hiring from traditional finance and government sectors, with notable additions like Todd McElduff as enterprise compliance director. Binance's increased compliance spending reflects its dedication to setting industry standards.