Despite regulatory challenges, the base of this digital platform has grown by 30%
_#Binance , the world's largest cryptocurrency trading platform, announced the announcement. Significant growth in its user base. According to CEO Richard Ting. The company saw a 30% increase in users in 2023. A year marked by organizational challenges and strategic expansions. This growth indicates Binance's strong performance despite the legal settlement with US regulators and the high-profile departure of its founder, #Changpeng.CZ.Zhao . Expanding beyond traditional exchange services Binance's growth in 2023 is not limited to its core exchange services. The company has seen significant increases in diversified offerings. Including #Binance.Pay , #Binance.Earn and its own peer-to-peer platform. These expansions indicate Binance's successful penetration into different segments of the cryptocurrency market. This makes it attractive to a wide range of users. Institutional investor interest has also been on the rise, Teng said. Highlighting the growing mainstream acceptance of currencies Cryptocurrency as a viable asset class. In terms of sheer numbers, Binance's user base has expanded by 40 million. Bringing the total to 170 million accounts. This increase underscores the global reach of the platform and the continued interest in trading and investing in cryptocurrencies. Binance Strengthens Its Global Presence by Focusing on Compliance 2023 has been an important year for Binance in terms of regulatory compliance. The company has allocated $213 million for compliance measures. This represents an increase of 35% over the previous year. This investment was directed towards strengthening surveillance against fraudulent trading on the trading platform and NFT markets. Developed an internal case management system to monitor transactions, and conducted a recently completed security audit.
#follw To see more breaking news đđŻâ