Binance, the global blockchain ecosystem and the largest cryptocurrency exchange by trading volume, has released its comprehensive 2023 year-end report.
The report encapsulates a year defined by industry trends, growth milestones, and pioneering advancements in the blockchain and cryptocurrency domain.
Highlights
- With over 40 million new user registrations, a 30% increase, and significant strides in core services and innovative product introductions, Binance strengthened its compliance program while expanding its user base.
- With 170 million registered users and 431 tradable assets across 1785 pairs, Binance emerged as a premier digital asset ecosystem. Binance Pay and Card witnessed a 54% surge in users, engaging 3,500 new Pay merchants globally. Transaction volumes for Binance Pay surged by 71%, exceeding $77 billion.
- Additionally, the P2P platform, supporting 970 payment methods and 112 fiat currencies, processed 18% more trades, serving 39% more users. The active Binance Pay user base surged by nearly 70%, surpassing 12 million.
- Binance Earn supported 362 assets, attracting 35% more users and witnessing a 16.8% growth in locked assets.
- Investing $213M in compliance technology, Binance bolstered its global compliance in 18 jurisdictions. Collaborations with law enforcement addressed illicit activities, with 120 training sessions across nations like Kenya, Nigeria, and South Africa. The SAFU fund reached $1.2B, and Binance’s proof-of-reserves system now supports 31 assets.
- Binance introduced the Binance Web3 Wallet, integrating self-custodial capabilities, allowing easy fund management and cross-chain token swaps. Binance Labs supported 36 startups from 2000 applicants, fostering innovation in Web3 projects.
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