#Binance , the world’s largest cryptocurrency exchange, has reported over $24 billion in user deposit inflows in 2024, outpacing 10 other major exchanges combined, according to DefiLlama data.
Binance attributed its growth to increased digital asset adoption driven by regulatory successes, record-breaking crypto prices, and the launch of spot Bitcoin ETFs in key markets. The exchange claimed nearly 250 million global users, citing these developments as critical to its expansion.
DefiLlama’s data ranks Bybit and OKX as the next highest in inflows with $8.2 billion and $5.3 billion, respectively. Meanwhile, BitMEX, Robinhood, and HTX recorded $3.45 billion, $3.17 billion, and $2.12 billion in inflows, while Bitstamp, Bitfinex, and Crypto.com experienced net outflows of $2.75 billion, $1.77 billion, and $358.1 million, respectively
Binance CEO #RichardTeng said earlier this week that it’s premature to discuss whether the world’s largest cryptocurrency exchange might re-establish operations in the United States following the election of a pro-crypto president.
Speaking to Bloomberg TV, Teng clarified that Binance’s current focus remains on its global expansion, targeting institutions, sovereign wealth funds, and high-net-worth individuals expected to enter the digital asset space.
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$BNB
As Binance celebrates its seventh anniversary, we delve into a new era under the leadership of Richard Teng, focused on innovation and regulatory collaboration to further propel cryptocurrency adoption. Let's explore Binance's history and the impact Teng plans to bring to the platform.
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Richard Teng and His Vision for Binance
Since taking over as Binance's CEO in November 2023, Richard Teng, with his extensive background in finance and regulation, has highlighted the importance of effective collaboration with regulators to foster innovation while maintaining consumer protections​ (Binance)​. Teng emphasizes the need for clear regulations to build user trust and attract institutional investors, key for mainstream crypto adoption​ (Binance)​.
An Era of Transparency and Growth
Under his leadership, Teng focuses on strengthening Binance’s position as a secure and reliable platform. He is committed to maintaining the company's financial robustness, integrity, and security to safeguard user assets​ (Binance)​​ (Binance)​. Moreover, the adoption of blockchain technology and the vision of Web3 remain a priority, aiming to transform the future of global finance and promote greater financial inclusion​ (Binance)​.
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Curiosities and Innovations
Beyond leadership changes, Binance continues to be a place of innovation. From implementing its proof-of-reserves system to establishing emergency funds to protect users, Binance consistently aims to stay ahead of market needs​ (Binance)​. Additionally, the story behind Binance’s logo design, which blends symbolism with geometry to reflect its mission and vision, exemplifies how Binance carefully integrates each aspect of its brand with its core values​ (Binance)​.
Connecting with the Community
Teng also highlights the importance of engaging the cryptocurrency community, promoting education, and debunking myths about the technology to build a more robust and vibrant sector​ (Binance)​. The Binance Academy is an initiative that reflects this commitment, offering educational resources to help new users better understand the world of cryptocurrencies and blockchain​ (Binance)​.
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This new chapter under Richard Teng’s leadership promises not only to continue Binance’s legacy of innovation but also to expand it, tackling regulatory challenges and promoting the security and trust essential for the future of cryptocurrencies. With a focus on regulatory clarity and consumer protection, Binance is poised for an even more promising future in the dynamic world of cryptocurrencies.
#binanceturns7 #richardteng

In two years (2022-2024), #Binance , the world's largest cryptocurrency exchange, has facilitated users in transferring more than 26 billion USD through peer-to-peer (P2P) transactions, saving up to 1.75 billion USD in transaction fees, according to an announcement on January 21, 2025.
Binance Pay – "Golden key" for fee-free transfers
Binance CEO, #RichardTeng , revealed this significant milestone at the World Economic Forum in Davos. Binance Pay, the platform’s fee-free cryptocurrency transfer feature, has opened up a new revolution in the global remittance field.

Congratulations to Richard Teng: A Beacon of Excellence in the Crypto Sphere

Introduction
Today, we celebrate a remarkable achievement by Richard Teng, a visionary leader and CEO of Binance's regional affiliate. As we honor his accomplishment, we'll delve into his inspiring biography, exploring the challenges he's overcome, the battles he's fought, and the victories he's won.

Early Life and Education
Richard Teng's journey began in Singapore, where he grew up with a passion for finance and technology. He pursued his education at prestigious institutions, laying the foundation for his future success.

Career and Achievements
Teng's professional journey has been marked by numerous achievements. As the CEO of Binance's regional affiliate, he's played a pivotal role in shaping the cryptocurrency landscape. His leadership has been instrumental in driving innovation, fostering growth, and promoting adoption.

Challenges and Battles
Throughout his career, Teng has faced numerous challenges. From navigating the complexities of regulatory environments to addressing the concerns of a rapidly evolving market, he's consistently demonstrated his ability to adapt and thrive.

Victories and Accolades
Today, we celebrate Richard Teng's latest achievement, a testament to his dedication, perseverance, and vision. His accomplishments serve as a beacon of inspiration, reminding us that excellence is within reach when we combine passion, hard work, and a commitment to innovation.

Conclusion
As we congratulate Richard Teng on his remarkable achievement, we honor not only his success but also his contributions to the crypto community. His legacy will undoubtedly continue to inspire and motivate future generations of leaders and innovators.

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#RichardTeng #BinanceSquareFamily ce #CryptoLeader #Innovation #Excellence #AchievementUnlocked

Richard Teng has been appointed as new CEO of the Binance after Changpeng Zhao stepped down from the position. He has always been there at the top of the news for some reason or other. Teng holds huge experience in the financial services and global markets. He is a person who has created a revolution in the zone of cryptocurrencies. He has helped cryptocurrency revive through many issues like the cryptocurrency exchange issues in many countries. He has helped cryptocurrency exchanges stabilize the business especially the one where he is leading. The regulatory landscape is still sketchy and growth is always in question and that is why it is important to understand the role of such dignified person.Richard teng careerRichard Teng has always been a person who has got a huge potential. Before becoming the CEO of Binance, he was actually leading the regional markets of this brand. He had started his job journey with Singapore Exchange where he took rapid strides to showcase his skills and grow his stature. He held many roles in Singapore Exchange with a good appreciation from his colleagues and bosses. After leaving that company he had joined Monetary Authority of Singapore and took his profile to the next level. In 2015, he moved to Abu Dhabi Global Market and that is termed as the biggest move of his career.As a new ceo of BINANCEAs a new CEO of Binance Exchange he is heaving a huge wealth of experience which he can count on for the success of this company in long run. He has been a stalwart in the finance industry. The company is now going through policy changes and he is at the helm of all these new changes that are exciting for the crypto market as of now, without any doubtHis experience His experience mention in the picture.#binanacesquare #BinanceCEO #RichardTeng $BNB

Oh guys, if only you knew how many subscribers wrote to us about this yesterday. Everyone was very worried that the market was about to collapse and did not understand what to do. To us all this pointed to the usual panic, the purpose of which was to shake extra passengers out of the market.
Let's figure out why what happened with Binance means absolutely nothing for the market.