Cryptocurrency exchange Binance shared its achievements for 2022. Among the main ones are the growth in the number of users and successes in rebuilding trust in the crypto industry.
Binance published the End of Year Report 2022, highlighting the crypto exchange’s major accomplishments for the year. The report outlines the platform’s successes in terms of audience growth of its services and user activity indicators and reflects its global impact on the crypto industry.
Binance’s key achievements in 2022:
- The number of registered users reached 128 million.
- The average volume of transactions was $65 billion per day.
- Over 60 million merchants worldwide supported payments through Binance Card.
- Overall, $2 billion worth of payments were made through Binance Card.
- The exchange provides 357 coins and 1,407 trading pairs.
- Binance Earn for passive income in crypto was used by more than 5 million users.
- 300 billion spot transactions were conducted on the platform.
- The number of active institutional clients on Binance grew by 65%.
- Binance NFT users amounted to over 600,000 per week.
- The company has licenses and registrations in 15 jurisdictions.
The report pays a lot of attention to the industry’s challenges in 2022 and Binance’s actions to support and rebuild it. For example, users’ growing distrust of CEXs after FTX’s crash led the company to increase its SAFU fund to ~$1 billion. In addition, the report indicates that Binance Labs saw 14 M&A deals and 61 venture capital deals closed in 2022. It also donated $2 billion to the Industry Recovery Fund. Donations through Binance Charity totaled $23 million.
The crypto exchange continued to expand its product offerings and improve the quality of its products and services. In 2022, new tools and expanded functionality were added for trading, investing, NFT collecting, and digital funds transfer.
CEO of Binance Changpeng Zhao previously spoke about the company’s plans for 2023 and specifically about the role of the exchange in developing the Georgian crypto market.
