Binance Experiences Steady Growth in 2022, Securing 14 Licenses and Serving 120 Million Users

• Binance experienced steady growth in 2022, including a headcount increase of 7,500 people representing over 100 nationalities and the securing of 14 licenses from 14 different countries.
• The exchange also grew its compliance team to 750 people from 500 and now serves over 120 million users from all over the world.
• CEO Changpeng (CZ) Zhao said Binance was committed to staying user-focused and remaining true to its core values.

Binance, one of the world’s leading cryptocurrency exchanges, experienced steady growth in the past year. As of the end of 2022, the exchange had increased its headcount to 7,500 people representing over 100 nationalities, grown its compliance team to 750 people from 500, and was serving over 120 million users from all over the world.

In addition to growing its user base, Binance also secured 14 licenses from 14 different countries across the globe in 2022, including Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand. This allowed the exchange to operate in over 140 countries and further its commitment to meeting local regulatory requirements.

Binance also increased its security and compliance capabilities by 500% in 2022, with a focus on keeping its user-focused values at the forefront of its operations. CEO Changpeng (CZ) Zhao said in a letter, “Amid the noise that impacts token prices, projects‘ reputations, and the fortunes of individual investors, my goal has been to keep everyone at Binance focused on things that matter the most: building and staying user-focused. I am proud that we remained true to these core values in everything we do.”

The exchange’s steady growth over the past year has shown its commitment to providing a secure and compliant environment for its users. With its headcount, licenses, and security and compliance capabilities increasing, Binance has demonstrated its dedication to providing a safe and reliable platform for its users to utilize.