Binance secures 14 licenses, grows headcount to 7,500 in 2022

Binance saw dependable maturation successful 2022, securing 14 licenses and expanding its headcount to 7,500 radical representing implicit 100 nationalities.

It besides grew its compliance squad to 750 radical from 500. As of the extremity of 2022, the speech serves implicit 120 cardinal users from each implicit the world.

CEO Changpeng (CZ) Zhao  said:

“Amid the sound that impacts token prices, projects’ reputations, and the fortunes of idiosyncratic investors, my extremity has been to support everyone astatine Binance focused connected things that substance the most: gathering and staying user-focused. I americium arrogant that we remained existent to these halfway values successful everything we do.”

Licenses

Binance besides focused connected securing regulatory licenses from assorted countries passim the year. As of the extremity of 2022, Binance holds 14 licenses from 14 antithetic countries crossed the globe, including Abu Dhabi, Dubai, South Africa, France, Italy, Spain, Cyprus, Australia, and New Zealand.

The speech presently operates successful implicit 140 countries successful the world. According to CZ’s letter, Binance volition proceed to prosecute with the regulators of these countries to guarantee that it meets each section requirements.

Security

Security and compliance were different item for Binance implicit the past year. The speech enhanced its capabilities successful the country by expanding its information and compliance unit by 500% successful 2022.

Binance besides became the archetypal crypto speech to articulation the National Cyber-Forensics and Training Alliance (NCFTA). The speech is moving intimately with accepted instrumentality enforcement to combat cybercrime.

According to CZ, Binance’s information and investigations squad has responded to implicit 47,000 requests from instrumentality enforcement successful 2022 and participated successful implicit 70 planetary anti-cybercrime workshops.

Despite its maturation successful 2022, Binance was not afloat immune to the carnivore marketplace conditions. As of Dec. 23, Binance’s trading measurement fell to $9.39 cardinal — the lowest since October 2020.

The station Binance secures 14 licenses, grows headcount to 7,500 successful 2022 appeared archetypal connected CryptoSlate.