Binance Sees Strong Growth in 2023 Despite Regulatory Headwinds and Founder Departure
• Binance's user base grew 30% in 2023 to 170 million accounts • Growth occurred despite November legal settlements with U.S. regulators and departure of founder CZ • Binance saw increases in usage of Binance Pay, Binance Earn, and its P2P platform • There is strong institutional investor interest in Binance • Binance spent $213 million on compliance in 2023, a 35% increase over 2022