Binance noticed regular development in 2022, securing 14 licenses and growing its headcount to 7,500 individuals representing over 100 nationalities.
It additionally grew its compliance group to 750 individuals from 500. As of the tip of 2022, the trade serves over 120 million customers from everywhere in the world.
CEO Changpeng (CZ) Zhao mentioned:
“Amid the noise that impacts token costs, initiatives’ reputations, and the fortunes of particular person buyers, my objective has been to maintain everybody at Binance targeted on issues that matter probably the most: constructing and staying user-focused. I’m proud that we remained true to those core values in every thing we do.”
Licenses
Binance additionally targeted on securing regulatory licenses from numerous international locations all year long. As of the tip of 2022, Binance holds 14 licenses from 14 completely different international locations throughout the globe, together with Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand.
The trade presently operates in over 140 international locations on the planet. Based on CZ’s letter, Binance will proceed to interact with the regulators of those international locations 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 trade enhanced its capabilities within the space by growing its safety and compliance employees by 500% in 2022.
Binance additionally turned the primary crypto trade to hitch the Nationwide Cyber-Forensics and Coaching Alliance (NCFTA). The trade is working intently with conventional regulation enforcement to fight cybercrime.
Based on CZ, Binance’s safety and investigations group has responded to over 47,000 requests from regulation enforcement in 2022 and took part in over 70 international anti-cybercrime workshops.
Regardless of its development in 2022, Binance was not totally proof against the bear market circumstances. As of Dec. 23, Binance’s buying and selling quantity fell to $9.39 billion — the bottom since October 2020.
