Binance User Base Swells 30% in 2023 Amid Regulatory Challenges

Binance, the world’s largest cryptocurrency trading platform, has reported a substantial growth in its user base. According to CEO Richard Teng, the company experienced a 30% increase in users in 2023, a year marked by regulatory challenges and strategic expansions. This growth signifies a robust performance by Binance despite the legal settlement with U.S. regulators and the high-profile departure of its founder, Changpeng “CZ” Zhao.