Binance CEO Richard Teng shared his views on Meme coins during the Binance Square (celebrating the one-year anniversary of Binance CEO) AMA. He stated that Meme coins have many followers and believe that Meme coins have successfully resonated with many people. Although it is currently unlikely that Meme coins will become the ultimate endpoint of cryptocurrency and blockchain technology, they do represent interesting innovations in the ecosystem.
Richard Teng pointed out that Meme coins reflect the trends of young people and the internet, which is a phenomenon worth noting. However, from Binance's perspective, Binance is committed to exploring different types of innovation in the cryptocurrency field. Binance has a very strict due diligence process to determine which currencies can be listed. The company has independent teams internally to conduct verification and evaluation to ensure that every currency on the platform is carefully reviewed. While supporting innovation, Binance still maintains a high emphasis on security and reliability.