December 29, 2023

Binance Witnesses 30% Increase in Users in 2023

Binance

Binance

Binance announced that it has welcomed more than 40 million new users in 2023, which is a 30% increase from the previous year.

The report provides detailed figures such as Binance’s registered user base reaching 170 million by the end of 2023. Binance offered 431 assets for trading across 1,785 pairs. The adoption of digital assets for payments has increased, supported by a growing network of merchants. Binance Gift Card usage for crypto gifting saw a 3.5-fold increase.

Furthermore, Binance extended fiat support to 69 currencies and 30 channels globally. P2P trading, with 970 payment methods and 112 fiat currencies, recorded an 18% increase in trades, serving 39% more users than in 2022.

The report emphasized the importance of security and compliance in the crypto industry, detailing Binance’s investments in compliance technology, processes, and talent, which amounted to $213 million in 2023. The company claims to hold licenses, registrations, and authorizations in 18 jurisdictions worldwide.

Binance mentions its involvement in shaping significant trends such as the emergence of socialFi, the growing acceptance of crypto payments, an emphasis on compliance, and the development of more accessible web3 products in a report.

The report also highlights Binance’s collaboration with law enforcement authorities in combating illegal activities involving digital assets. It includes responses to 58,000 requests from law enforcement, 120 training sessions, and assistance with high-profile cases.

Recently, Binance launched Sleepless AI as the 42nd project on its Launchpool. Sleepless AI is a gaming platform that integrates web3 and AI technologies to offer an innovative and interactive gaming experience.

The platform allows users to play games and interact with AI-based features while gaming. Starting tomorrow, users can stake BNB, FDUSD, and TUSD to earn AI tokens over a seven-day period.

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