Binance has surpassed 120 million users and its team has grown to around 7,500 employees this year, the company CEO Changpeng Zhao has said.
According to him, the platform pays special attention to compliance with regulatory requirements. In particular, Binance received licenses to operate in 14 countries, including Italy and France, at the end of the year.
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The company's compliance team has grown from 500 to 750 people. Over the past year, the exchange has processed more than 47,000 requests from law enforcement agencies.
In addition, Binance Labs has invested more than $500 million in various Web3 projects this year and has donated over $20 million to non-profit organizations as part of its Binance Charity initiative.