Binance, one of the largest known centralized cryptocurrency exchanges, achieved noticeable growth in 2022, despite the downturns and bad events in the market.
The crypto market has witnessed many events in the year 2022. Looking at the year 2022, it can be said that there are unprecedented failures in the crypto world. Despite these, exchange platform has achieved a steady growth in 2022 in accordance with its goal. The company added 14 new licenses to its portfolio in 2022. As of the end of 2022, firm is serving as an exchange with more than 120 million users in more than 140 countries and with 7500 employees of 100 different nationalities. CEO Changpeng Zhao(CZ) said:
“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.”
One of the most important issues that Binance attaches importance to this year is Regulatory compliance. Regulatory compliance is very important for company mission of user security and crypto adoption. For this, company received licenses from 14 different countries in 2022, including Colombia, Abu Dhabi, Bahrain, Dubai, South Africa, France, Italy, Spain, Poland, Lithuania, Cyprus, Kazakhstan, Australia, and New Zealand. In addition, the compliance team was increased from 500 people to 750 people in 2022.
In 2022, while Binance made many developments on behalf of security problems, it became the first cryptocurrency exchange to participate in the National Cyber-Forensics and Training Alliance (NCFTA) program. According to CZ, Binance responded to more than 47 thousand requests from law enforcement agencies in 2022 and supported more than 70 anti-cybercrime efforts.
Finally, in 2022, Binance Academy supported the adoption of crypto and blockchain technology by providing users with trainings containing a lot of information about security, blockchain concepts, financial mechanics and crypto assets. A total of 26 million people used Binance Academy in 2022. In addition, the Binance Academy team provided crypto and Web3 training to more than 5500 students at 73 universities.
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