🚨Binance results in 2023: 30% more users despite a difficult year
✅As 2023 draws to a close, cryptocurrency exchange Binance welcomed 30% new users this year. The company thus provides an overview of its growth over the last 12 months.
🚨Binance: what is the outcome for 2023?
✅The year 2023 will have been particularly tumultuous for Binance, between its troubles with the law, the withdrawal from certain countries and the resignation of numerous executives, culminating in that of Changpeng Zhao (CZ) from his position as CEO. Despite everything, the exchange recorded some positive figures, benefiting from a market in much better shape than 2022.
✅In its annual report, Binance tells us that it welcomed 30% of new users in 2023, bringing the number of customers registered on the platform to 170 million, including 40 million new registrants.
✅In addition, the company also discussed in more detail the growth of several of its products, including its peer-to-peer (P2P) payments system, with 39% more users and an increase in transactions of 18%, all through 112 different fiat currencies.
✅This dynamic is similar for Binance Pay, allowing payments in cryptocurrencies to merchants. Usage of the service grew by 20%, as an additional 3,500 merchants joined the program.
✅For his part, Richard Teng, the new CEO of the group, shared a letter to return to 2023 and the ambitions for 2024. Thus, he also underlines the increase in activity of institutional players, while emphasizing the regulatory aspect:
👉🏻“Importantly, we have seen a particularly strong increase in capital flows from institutional investors. The reason I consider this fantastic news is that it suggests that institutional confidence in Binance […] is growing at a time when institutional participation as well as clear regulation are key to mass adoption of the assets digital. »
