Wednesday, August 6, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

  • Gaming
    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    Early Off the Grid Skin Holders Are Cashing In – Will You?

    Early Off the Grid Skin Holders Are Cashing In – Will You?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is DeFi Staking? Everything You Need to Know

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Altcoins

Binance in 2023: The good, the bad and everything in between

December 29, 2023
in Altcoins
25
Will the crypto market’s bull run last?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Journalist

Posted: December 30, 2023


  • Binance added 40 million new users, representing a 30% increase from 2022.
  • Binance made investments to the tune of $213 million in 2023 in its compliance program.

One of the biggest Web3 companies Binance [BNB] published its year-end report, digging into some of the main metrics, events, and investments that defined the crypto juggernaut in 2023.

Numbers speak for themselves

Perhaps the biggest takeaway was the addition of 40 million new users, representing an impressive 30% increase from the same time last year. With this, the total number of registered users swelled up to 170 million.

Apart from this, Binance significantly expanded its product offerings. The number of fiat currencies supported on the centralized exchange (CEX) rose to 69, with as many as 30 fiat channels across the globe.

Moreover, the P2P crypto trading, which involves trading cryptos without an intermediary, saw an 18% increase in trades and 39% more users when compared to 2022.

Performance of flagship products

Binance then went on to talk about the growth of the newly-branded social networking content platform Binance Square. Since 2022, the number of creators has expanded ninefold, while the number of daily users has increased by orders of magnitude.

Source: Binance

Binance Earn, a set of products that enables users to earn passive income on their crypto investments, also saw substantial growth. The number of users spiked 35% from 2022, while saving total value locked (TVL) increased 16.8%.

Source: Binance

Binance also looked back at the launch of Binance Web3 wallet – a self-custodial solution – giving users full access to their funds. The exchange claimed that users created millions of Web3 wallets following the launch.

See also  Hot Gossip: Binance Just Broke up With Monero

Binance increases compliance spending, transparency

The report also delved into the company’s focus on compliance in what was a turbulent year. Binance made investments to the tune of $213 million in 2023, a jump of 35% from last year. It also detailed other steps taken to improve market surveillance.

Recall that Binance has been at the receiving end of unrelenting regulatory pressure in the U.S., with cases pertaining to violation of rules by both of its spot and derivatives trading operations.

Binance also took steps it claimed to maintain transparency of user funds. The proof-of-reserves (PoR) report supported 31 tokens in 2023, up from just 9 at the end of 2022.

It also improved the solution by implementing zk-SNARKs, a form of zero-knowledge proof.

Furthermore, Binance highlighted steps it took to combat criminal activity in the cryptocurency realm. During the year, Binance’s special teams handled over 58,000 law enforcement requests.


Read BNB’s Price Prediction 2023-24


Source: Binance

As of this writing, the ecosystem’s native token BNB was exchanging hands at $319.32, having regained the fourth position in terms of market cap, per CoinMarketCap.

The coin has grown by 27.46% since the start of 2023 despite many hurdles in its way.

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

Journalist

Posted: December 30, 2023


  • Binance added 40 million new users, representing a 30% increase from 2022.
  • Binance made investments to the tune of $213 million in 2023 in its compliance program.

One of the biggest Web3 companies Binance [BNB] published its year-end report, digging into some of the main metrics, events, and investments that defined the crypto juggernaut in 2023.

See also  Cardano (ADA) Price Rally Is Far From Over, Here’s Why

Numbers speak for themselves

Perhaps the biggest takeaway was the addition of 40 million new users, representing an impressive 30% increase from the same time last year. With this, the total number of registered users swelled up to 170 million.

Apart from this, Binance significantly expanded its product offerings. The number of fiat currencies supported on the centralized exchange (CEX) rose to 69, with as many as 30 fiat channels across the globe.

Moreover, the P2P crypto trading, which involves trading cryptos without an intermediary, saw an 18% increase in trades and 39% more users when compared to 2022.

Performance of flagship products

Binance then went on to talk about the growth of the newly-branded social networking content platform Binance Square. Since 2022, the number of creators has expanded ninefold, while the number of daily users has increased by orders of magnitude.

Source: Binance

Binance Earn, a set of products that enables users to earn passive income on their crypto investments, also saw substantial growth. The number of users spiked 35% from 2022, while saving total value locked (TVL) increased 16.8%.

Source: Binance

Binance also looked back at the launch of Binance Web3 wallet – a self-custodial solution – giving users full access to their funds. The exchange claimed that users created millions of Web3 wallets following the launch.

Binance increases compliance spending, transparency

The report also delved into the company’s focus on compliance in what was a turbulent year. Binance made investments to the tune of $213 million in 2023, a jump of 35% from last year. It also detailed other steps taken to improve market surveillance.

See also  Will Ethereum outshine Bitcoin in 2024?

Recall that Binance has been at the receiving end of unrelenting regulatory pressure in the U.S., with cases pertaining to violation of rules by both of its spot and derivatives trading operations.

Binance also took steps it claimed to maintain transparency of user funds. The proof-of-reserves (PoR) report supported 31 tokens in 2023, up from just 9 at the end of 2022.

It also improved the solution by implementing zk-SNARKs, a form of zero-knowledge proof.

Furthermore, Binance highlighted steps it took to combat criminal activity in the cryptocurency realm. During the year, Binance’s special teams handled over 58,000 law enforcement requests.


Read BNB’s Price Prediction 2023-24


Source: Binance

As of this writing, the ecosystem’s native token BNB was exchanging hands at $319.32, having regained the fourth position in terms of market cap, per CoinMarketCap.

The coin has grown by 27.46% since the start of 2023 despite many hurdles in its way.

Tags: BadBinancegood

Related Posts

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor
Altcoins

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

June 25, 2024
Toncoin heats up: What does $398M in trading volume indicate?
Altcoins

Toncoin heats up: What does $398M in trading volume indicate?

June 25, 2024
Another $600M Exits, Price Drops Lower
Altcoins

Another $600M Exits, Price Drops Lower

June 25, 2024
Bitcoin faces downward pressure as Mt. Gox prepares for repayments
Altcoins

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

June 25, 2024
XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?
Altcoins

XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?

June 24, 2024
True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares
Altcoins

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

June 24, 2024
Next Post
Got ‘Worthless’ NFTs? This Startup Buys JPEGs for a Penny to Harvest Tax Losses

Got 'Worthless' NFTs? This Startup Buys JPEGs for a Penny to Harvest Tax Losses

Comments 25

  1. effqu says:
    2 months ago

    cost of clomiphene without a prescription cheap clomiphene prices can i purchase cheap clomiphene pills clomiphene pct buy generic clomid how can i get clomiphene no prescription buy generic clomiphene no prescription

    Reply
  2. do cialis pills look like says:
    2 months ago

    More articles like this would remedy the blogosphere richer.

    Reply
  3. oral flagyl says:
    2 months ago

    This is the make of delivery I recoup helpful.

    Reply
  4. pdcj7 says:
    2 months ago

    azithromycin 500mg usa – azithromycin 250mg cost buy flagyl generic

    Reply
  5. 80dqs says:
    2 months ago

    rybelsus where to buy – cyproheptadine 4mg drug order periactin 4 mg

    Reply
  6. phh74 says:
    2 months ago

    buy motilium sale – order domperidone online cheap cyclobenzaprine 15mg for sale

    Reply
  7. y8hd3 says:
    1 month ago

    augmentin 625mg generic – https://atbioinfo.com/ acillin tablet

    Reply
  8. htwik says:
    1 month ago

    esomeprazole 20mg ca – anexa mate esomeprazole 20mg ca

    Reply
  9. dte0q says:
    1 month ago

    medex where to buy – blood thinner cozaar 25mg generic

    Reply
  10. owkqh says:
    1 month ago

    buy meloxicam 7.5mg generic – tenderness meloxicam pills

    Reply
  11. x5luz says:
    1 month ago

    buy prednisone without prescription – apreplson.com buy prednisone 5mg sale

    Reply
  12. y65qb says:
    1 month ago

    new ed pills – fast ed to take site cheap erectile dysfunction pills

    Reply
  13. r7l0h says:
    4 weeks ago

    buy forcan cheap – https://gpdifluca.com/# diflucan for sale online

    Reply
  14. c0pqn says:
    4 weeks ago

    lexapro 10mg pill – https://escitapro.com/ buy lexapro 10mg generic

    Reply
  15. 26c7h says:
    4 weeks ago

    cenforce 100mg cost – this where can i buy cenforce

    Reply
  16. o4dzc says:
    4 weeks ago

    cialis information – buying cialis cialis daily vs regular cialis

    Reply
  17. 6wq6e says:
    3 weeks ago

    cialis 5mg daily – https://strongtadafl.com/ tadalafil liquid review

    Reply
  18. Connielet says:
    3 weeks ago

    ranitidine 300mg drug – purchase ranitidine generic order ranitidine without prescription

    Reply
  19. xxkpl says:
    3 weeks ago

    where can i buy viagra online yahoo answers – https://strongvpls.com/ cheap viagra uk buy

    Reply
  20. Connielet says:
    3 weeks ago

    This is the compassionate of literature I in fact appreciate. site

    Reply
  21. mdx81 says:
    3 weeks ago

    Thanks on sharing. It’s outstrip quality. https://buyfastonl.com/furosemide.html

    Reply
  22. Connielet says:
    2 weeks ago

    More posts like this would persuade the online space more useful. online

    Reply
  23. 8blhg says:
    2 weeks ago

    This is a topic which is forthcoming to my heart… Myriad thanks! Faithfully where can I lay one’s hands on the acquaintance details in the course of questions? https://prohnrg.com/product/atenolol-50-mg-online/

    Reply
  24. rndv2 says:
    2 weeks ago

    This is the stripe of glad I have reading. https://aranitidine.com/fr/ivermectine-en-france/

    Reply
  25. Connielet says:
    2 days ago

    I’ll certainly bring back to read more. https://ondactone.com/simvastatin/

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Solana NFTs jump 30% in 24 hours: What’s behind the surge?

Solana NFTs jump 30% in 24 hours: What’s behind the surge?

May 23, 2024
Decentralized BBO Exchange secures $2.7 million in pre-seed funding

Decentralized BBO Exchange secures $2.7 million in pre-seed funding

January 31, 2024
Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance

Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance

November 29, 2023
Ethereum – Examining if restaking is good for your holdings

Ethereum – Examining if restaking is good for your holdings

April 6, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • MARA, Riot Diverge on Bitcoin Mining Financing in Q2
  • Bitcoin Mining Is the Resurrection Of the Working-Class Hero
  • A Phenomenal 671 BTC Haul in July

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.