Binance will grow steadily in 2022, securing 14 licenses and hiring 7,500 People representing over 100 nationalities.
We also grew our compliance team from 500 to 750 people. As of the end of 2022, the exchange serves his over 120 million users worldwide.
CEO Changpeng (CZ) Zhao said:
“Amidst the noise affecting token prices, project reputations, and the fortunes of individual investors, my goal is for everyone at Binance to continue to focus on what matters most: building and maintaining user-centricity. We are proud to have stayed true to these core values in everything we do.”
Binance also focused on securing regulatory licenses from various countries throughout the year. As of the end of 2022, Binance holds 14 licenses from 14 countries around the world, including Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia and New Zealand.
current exchange works in over 140 countries around the world. According to CZ’s letter, Binance will continue to work with regulators in these countries to ensure all local requirements are met.
Security and compliance have been another highlight for Binance over the past year. The exchange has strengthened its capabilities in this area by increasing its security and compliance staff by 500% of his in 2022.
Binance also became the first crypto exchange to join the National Cyber-Forensics and Training Alliance (NCFTA). Exchanges work closely with traditional law enforcement to combat cybercrime.
According to CZ, Binance’s security and research team has responded to over 47,000 requests from law enforcement agencies and participated in over 70 global anti-cybercrime workshops in 2022.
Despite its growth in 2022, Binance has not completely escaped the bear market conditions. As of December 23, Binance’s trading volume had dropped to $9.39 billion. This is the lowest level since October 2020.