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The customer base growth of Binance was 30%
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The customer base growth of Binance was 30%

Dec 29, 2023

Cryptocurrency exchange Binance has summarized the results of 2023, reporting a significant 30% growth in its customer base, reaching 170 million users. The company also noted an 18% increase in P2P transaction volume and support for 431 assets available for trading in 1785 pairs.

Binance Pay, the exchange's payment service, also recorded a 70% user growth, attracting over 3500 new merchants and partners. The report particularly highlights the strengthening of the compliance program: the firm increased its investment in this initiative by 35%, from $158 million to $213 million.

Binance expanded its reserve verification system, increasing the number of supported coins from 9 to 31. The company also reminded of its agreement with the U.S. Department of Justice, emphasizing that U.S. agencies have not accused Binance of illegally appropriating user funds or participating in market manipulation.

Currently, Binance holds licenses or permissions to operate in 18 jurisdictions worldwide, a record among cryptocurrency exchanges. The report also mentions improvements in products and user experience in decentralized finance, blockchain games, and SocialFi, including the launch of its own crypto wallet integrated into the trading app.

In conclusion, Binance expressed pride in maintaining the trust of its growing community, which it considers its greatest achievement in the context of its mission to promote the freedom of money worldwide.

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