Being in the spotlight has its drawbacks, especially against the backdrop of the increasing popularity and adoption of cryptocurrencies. However, Binance seems to be holding its ground quite well — according to a recent annual report, the platform's security efforts have prevented losses amounting to approximately $4.2 billion for around 2.8 million users just in 2024.
The 24-page report covers a wide range of topics related to the exchange and the industry as a whole, but security has clearly been a priority.
Over the year, the exchange's compliance staff has grown to 650 employees — concurrently, the number of regulatory licenses held by the platform has increased to 21.