CZ said the sphere saw an increase in adoption despite the challenges. He highlighted how the blockchain sector enjoyed increasing patronage of institutional and individual users within the year.
According to the Binance CEO, globally known brands such as JPMorgan, Tencent, Fidelity, Tesla, Cloudflare, PayPal, American Express, Accenture, BlackRock, Nasdaq, McDonald’s, Google Cloud, Mastercard, Sony, Nike, and a host of others subscribed to blockchain-based solutions this year to foster their service deliveries.
Further, he boasted about how Binance thrived in its quest to cement global expansion in 2022. Binance had, during the year, successfully secured regulatory registrations across several countries, including Spain, South Africa, Cyprus, France, the UAE, and others.
Zhao affirms the commitment of his exchange to sustain its regulatory compliance in 2023.
“In the coming year, we’ll keep engaging with national and international regulators and policymakers to ensure that we meet all applicable requirements, as well as to promote sensible crypto regulations that protect users while allowing financial innovation to thrive,” CZ added.
The exchange also engaged in multiple partnerships to drive the adoption and popularity of cryptocurrencies amidst its 2022 downturn. More so, Zhao stated Binance would improve its user protection mechanism, transparency, and security in a bid to gain the trust of its users within the sphere continuously.
Expressing hope for the imminent year, CZ is optimistic that the industry will recover from its lingering downturns.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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