Binance's 2023 annual report highlights significant growth, reaching 170 million registered users, with 40 million new users joining. Despite regulatory challenges and leadership changes, the platform expanded its services, including P2P trading, crypto payments, and earning products. Binance strengthened its compliance program, investing $213 million and securing licenses in 18 jurisdictions.
Binance Square, a Web3 content gateway, saw 1.6 million daily active users and onboarded 11,000 creators. The platform boosted its Secure Asset Fund for Users (SAFU) to $1.2 billion, reinforcing user security. Overall, Binance continued to innovate and grow in a dynamic crypto landscape, solidifying its position as a leading crypto exchange. Binance remains committed to enhancing user experience and driving crypto adoption globally, shaping the future of digital finance with resilience and expansions.
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