Binancethe global blockchain ecosystem and the largest cryptocurrency exchange by trading volume, has released its comprehensive year-end 2023 report.
The report covers a year defined by industry trends, growth milestones and groundbreaking developments in the blockchain and cryptocurrency space.
Better times
- On top of me 40 million new user registrations, up 30%.and significant strides in core services and the introduction of innovative products, Binance has strengthened its compliance program while expanding its user base.
- With 170 million registered users and 431 tradable assets in 1785 pairs, Binance emerged as a leading digital asset ecosystem. Binance Pay and Card witnesses a 54% increase in users, attractive 3,500 New Merchants Paying Worldwide. Trading volumes for Binance Pay increased by 71%, surpassing 77 billion dollars.
- In addition, the P2P platform supports 970 payment methods and 112 fiat currencies, processed 18% more transactions, serving 39% more users. Binance Pay’s active user base increased by almost 70% to over 12 million.
- Binance Earn is supported 362 assets, attracting 35% more users and testimony a An increase of 16.8%. in locked assets.
- $213 million investment in compliance technology, Binance has strengthened its global compliance in 18 jurisdictions. Partnerships with law enforcement agencies tackled illegal activities, with 120 workouts in countries such as Kenya, Nigeria and South Africa. The The SAFU fund reached $1.2 billionand Binance’s Proof of Reserve system now supports 31 assets.
- Binance introduced the Binance Web3 wallet, incorporating self-curation capabilities, enabling easy fund management and cross-chain token exchanges. Binance Labs supported 36 startups from 2000 applicantsfostering innovation in Web3 projects.
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