Binance reports results for 2022

In 2022, Binance processed over 47,000 law enforcement requests, with an average response time of three days. Writes about it with reference to the report of the cryptocurrency exchange.

The company noted that it increased its security staff by more than 500% over the past year. The compliance team has over 750 members.

“The key employees hired during this period include 10 executives and managers from around the world, as well as 24 national and regional compliance officers or money laundering reporting officers,” Binance noted.

For the year as a whole, the total staff of the company exceeded 7,500 employees against the backdrop of massive layoffs in the industry.

According to the report, the exchange has improved its KYC procedures by expanding the list of identity documents and introducing new verification methods. In 2022, the platform handled $2 billion in daily trading volume and also expanded its asset list to 357 coins.

The number of active users of the Binance Earn service in 2022 almost doubled from 3.7 million to 6.14 million. During the reporting period, the exchange processed more than 255 million P2P transactions.

The company also reported a 65% increase in the number of active institutional clients. Futures trading volumes in this segment increased by 62%.

For the fourth quarter, the growth of new institutional clients was provided by:

• China – 15.09%;

• Asia-Pacific – 17.69%;

• European Union – 14.51%;

• Middle East and North Africa – 34.23%;

• Latin American region – 16.08%.

By the end of the year, Binance had licenses and registrations in 14 jurisdictions.

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