Binance noticed regular development in 2022, securing 14 licenses and growing its headcount to 7,500 folks representing over 100 nationalities.
It additionally grew its compliance crew to 750 folks from 500. As of the top of 2022, the trade serves over 120 million customers from all around the world.
CEO Changpeng (CZ) Zhao mentioned:
“Amid the noise that impacts token costs, initiatives’ reputations, and the fortunes of particular person traders, my objective has been to maintain everybody at Binance targeted on issues that matter essentially the most: constructing and staying user-focused. I’m proud that we remained true to those core values in every thing we do.”
Binance additionally targeted on securing regulatory licenses from numerous nations all year long. As of the top of 2022, Binance holds 14 licenses from 14 totally different nations throughout the globe, together with Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand.
The trade at present operates in over 140 nations on the planet. In line with CZ’s letter, Binance will proceed to interact with the regulators of those nations to make sure that it meets all native necessities.
Safety and compliance had been one other spotlight for Binance over the previous yr. The trade enhanced its capabilities within the space by growing its safety and compliance employees by 500% in 2022.
Binance additionally grew to become the primary crypto trade to affix the Nationwide Cyber-Forensics and Coaching Alliance (NCFTA). The trade is working carefully with conventional regulation enforcement to fight cybercrime.
In line with CZ, Binance’s safety and investigations crew has responded to over 47,000 requests from regulation enforcement in 2022 and took part in over 70 international anti-cybercrime workshops.
Regardless of its development in 2022, Binance was not absolutely proof against the bear market situations. As of Dec. 23, Binance’s buying and selling quantity fell to $9.39 billion — the bottom since October 2020.
Posted In: Binance, Exchanges