{"id":72104,"date":"2022-12-29T15:22:09","date_gmt":"2022-12-29T13:22:09","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72104"},"modified":"2025-09-08T12:54:59","modified_gmt":"2025-09-08T09:54:59","slug":"binances-user-base-surpassed-120-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binances-user-base-surpassed-120-million\/","title":{"rendered":"Binance\u2019s user base surpassed 120 million"},"content":{"rendered":"<p>In 2022, Binance\u2019s user base surpassed 120 million and its staff grew to 7,500. In an open letter, <a href=\"https:\/\/www.binance.com\/en\/blog\/from-cz\/a-letter-from-our-ceo-2022-the-year-of-resilience-3832363980753069400\">Binance CEO Changpeng Zhao<\/a> said.<\/p>\n<p>According to him, the platform places particular emphasis on regulatory compliance. By year\u2019s end Binance had obtained licences to operate in 14 countries, including <a href=\"https:\/\/u1f987.com\/en\/news\/binance-secures-permanent-license-to-operate-in-kazakhstan\">Kazakhstan<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/binance-gains-licence-to-provide-digital-asset-services-in-italy\">Italy<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/binance-secures-digital-asset-service-provider-license-in-france\">France<\/a>.<\/p>\n<p>The compliance team grew from 500 to 750 staff. Over the 12 months the exchange processed more than 47,000 requests from law enforcement authorities.<\/p>\n<p>Zhao noted that the platform&#8217;s strategy allows active expansion even in a bear market. This extends to venture investments \u2014 in 2022 Binance Labs invested more than $500 million in various Web3 projects.<\/p>\n<p>The head of the company added that under the Binance Charity initiative it donated more than $20 million to non-profit organisations.<\/p>\n<p>He also emphasised that, despite a challenging year, the crypto industry has made significant progress in areas such as compliance and the retail adoption of payments with digital assets.<\/p>\n<p>To recover from the FTX collapse, the industry will need a long time. Zhao said that sector players must focus on protecting users, integrating technology into daily life and developing innovative products.<\/p>\n<p>Binance emerged as one of the main beneficiaries of the crisis that erupted in 2022. In the wake of the collapse of Sam Bankman-Fried&#8217;s business empire, the exchange <a href=\"https:\/\/u1f987.com\/en\/news\/binance-and-coinbase-strengthen-market-positions-after-ftx-collapse\">significantly strengthened its position<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2022, Binance\u2019s user base surpassed 120 million and its staff grew to 7,500, according to an open letter from CEO Changpeng Zhao.<\/p>\n","protected":false},"author":1,"featured_media":72105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744],"class_list":["post-72104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72104"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72104\/revisions"}],"predecessor-version":[{"id":72106,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72104\/revisions\/72106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72105"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}