Binance CEO Changpeng Zhao believes that despite the problems with regulators such as the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), the company has formed a "tight team" due to the "Fear, Uncertainty, Doubt" (FUD) that constantly revolves around it. While Zhao stated that Binance was cooperating with regulators, some media outlets published false negative news about the exchange. The CEO noted that FUD and external pressure have made customers more supportive of the company. Currently, Binance is the largest cryptocurrency exchange worldwide.