Binance noticed regular progress in 2022, securing 14 licenses and growing its headcount to 7,500 folks representing over 100 nationalities.
It additionally grew its compliance workforce to 750 folks from 500. As of the top of 2022, the alternate serves over 120 million customers from all around the world.
CEO Changpeng (CZ) Zhao stated:
“Amid the noise that impacts token costs, initiatives’ reputations, and the fortunes of particular person buyers, my purpose 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 little thing we do.”
Licenses
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 alternate presently operates in over 140 nations on the planet. In response to CZ’s letter, Binance will proceed to have interaction with the regulators of those nations to make sure that it meets all native necessities.
Safety
Safety and compliance have been one other spotlight for Binance over the previous 12 months. The alternate enhanced its capabilities within the space by growing its safety and compliance workers by 500% in 2022.
Binance additionally turned the primary crypto alternate to hitch the Nationwide Cyber-Forensics and Coaching Alliance (NCFTA). The alternate is working carefully with conventional regulation enforcement to fight cybercrime.
In response to CZ, Binance’s safety and investigations workforce has responded to over 47,000 requests from regulation enforcement in 2022 and took part in over 70 world anti-cybercrime workshops.
Regardless of its progress in 2022, Binance was not absolutely resistant to the bear market situations. As of Dec. 23, Binance’s buying and selling quantity fell to $9.39 billion — the bottom since October 2020.
