Binance Serves Over 120 Million Users Globally, Says CZ

Vignesh Karunanidhi
Binance Serves Over 120 Million Users Globally, Says CZ
Source: Bitnation

Since its inception in 2017, Binance has come a long way. Binance has established itself as one of the most resilient among the lot, despite the turbulent bear market and other chaos.

2022 has been a difficult year for the entire cryptocurrency market. From the fall of Terra in May to the recent downfall of FTX, the industry has seen it all. Binance CEO Changpeng Zhao (CZ) recently released a Binance blog titled “A letter from our CEO: 2022, the year of resilience.”

In the blog post, CZ mentioned various things that happened throughout 2022 and the achievements of Binance. CZ also mentioned that Binance currently serves over 120 million users globally.

Binance survived the hurricane in 2022

CZ mentioned that despite all the chaotic activities that happened in the industry in 2022, there has been a rise in blockchain adoption.

“In terms of retail adoption, emerging markets have led the charge, while globally renowned brands like KPMG, JPMorgan, Rakuten, CVSHealth, Tencent, Fidelity, Baidu, Tesla, Cloudfare, PayPal, American Express, Accenture, Christie’s, BlackRock, Nasdaq, McDonald’s, Google Cloud, Mastercard, Sony, and Nike were among the many organizations that benefitted from introducing blockchain-powered solutions this year,” said CZ in the blog post.

Zhao mentioned that despite plummeting prices and following projects, finance was mainly focusing on building and staying user-focused. He also stated that he was proud of the fact that they remained true to these core values in everything they did. CZ mentioned that the exchange has grown tremendously, representing over 100 nationalities with over 7,500 Binance employees and serving over 120 million users globally.

CZ also mentioned that Binance will always be at the forefront in terms of compliance and transparency. He also highlighted some of the key things that Binance did in terms of compliance, transparency, trust, and security, which involved the release of the Merkle tree proof-of-reserves and sharing the details of their hot and cold wallet addresses.

Binance’s CEO also stressed the fact that no matter what 2023 brings, the exchange is prepared to face it all.