In his first blog post after taking over as Binance CEO, Richard Teng said, “I am honored and humbled to serve as Binance’s CEO because of its exceptional company and visionary founders. Over the past six years, Binance has laid a solid foundation for its continued growth and success for decades to come.”
Richard Teng emphasized that the trust of more than 160 million users in Binance will be taken seriously.
Richard Teng said that users are always the focus of attention, and "user-focused" is deeply imprinted in Binance's DNA. Binance takes its responsibilities as a custodian seriously and provides 1:1 funding support for each user's assets. Users' assets are absolutely safe and worry-free. Whether it is the changing reserve proof system or the investor protection fund (SAFU) for emergencies, they are committed to ensuring peace of mind about the integrity of the platform.
Finally, Richard Teng is optimistic about the future of Web3. He said that he will firmly implement the promise of blockchain, such as promoting inclusive finance, reducing the transaction costs of cross-border remittances, and promoting innovation through decentralized applications. "To this end, I will firmly promote the growth and application of Web3 and continue to work hard to build an ecosystem that provides transformative financial technologies. I am very proud of the fact that I have promoted the establishment of an advanced digital asset regulatory system that is recognized as forward-looking worldwide. This experience has undoubtedly enabled me to understand the regulatory environment from a micro perspective, which is exactly what is needed to lead Binance to a new chapter in history."