June 29 (Cointime) - Despite facing regulatory challenges and losing market share, Binance remains focused on future growth and development. The exchange is implementing machine learning and AI to enhance security and prevent scams on its P2P platform, as well as using computer vision and AI for its KYC process.

Binance has also made significant improvements to its infrastructure and introduced user-centric developments such as an updated DeFi wallet and a simplified tax tool. The exchange continues to prioritize continuous improvements to the core trading experience with nearly 200 updates introduced throughout the year.