Coin

<div class="dailyhodl">
 <p>The native asset of the world’s largest crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> platform by volume is spiking as new data reveals that Binance onboarded 40 million new users in 2023.</p>
 <p>According to Binance’s 2023 end of year report, the crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> increased its number of new users by 30% compared to 2022 despite a year rife with regulatory woes.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p><em>“This year, our organization took responsibility for historical issues and has evolved through leadership <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>, emerging from it an even stronger business.</em></p>
 <p><em> In 2023, Binance welcomed more than 40 million new users (more than a 30% increase from the end of last year), saw steady growth in its key services, and introduced new products and <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> built for the next stage of the blockchain industry’s development. </em></p>
 <p><em>At the same time, we remained true to our core value – always putting our users first – and significantly strengthened our compliance program, making important steps toward becoming a truly compliance-led organization.” </em></p>
 <p>Earlier this year, Binance was slapped with regulatory actions from both the Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC). According to the DOJ, Binance failed to maintain adequate anti-money laundering protocols while the SEC claimed the firm secretly had access to its customers’ funds.</p>
 <p>The crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> eventually settled, paying a massive $4.3 billion fine to the DOJ as its founder, Changpeng Zhao, agreed to step down from his position as chief executive.</p>
 <p>News of Binance’s 2023 growth comes as BNB Coin (BNB), Binance’s native digital asset, surges. On December 18th, BNB was trading for $234. However, on the 28th, it was moving for $333, a 37% increase in just 10 days.</p>
 <p>BNB Coin has since retraced and is moving for $311 at time of writing.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-coin-bnb-spikes-over-30-in-ten-days-as-40-000-000-new-users-join-the-crypto-exchange-in-2023-tbt75135.html">https://thebittimes.com/binance-coin-bnb-spikes-over-30-in-ten-days-as-40-000-000-new-users-join-the-crypto-exchange-in-2023-tbt75135.html</a></p>

Binance Coin (BNB) Spikes Over 30% in Ten Days As 40,000,000 New Users Join the Crypto Exchange in 2023

TheBitTimes

Other articles published on Dec 29, 2023

Optimism Price Loses Momentum Amid Whale Activity! OP To Record 15% Correction Soon?

Samjong KPMG and Xangle to host a seminar to discuss crypto regulatory compliance

India's FIU Targets Offshore Crypto Platforms for Non-Compliance

India Tightens Grip on Crypto: Crypto Exchanges Under AML-CFT Scrutiny

Watch Out: Popular Altcoin’s Official Twitter Account Hacked, Security Firm Warns

Analyst Reveals Top 10 Crypto-Friendly Banks: JPMorgan Secures a Position

Join our free newsletter for daily crypto updates!