🔥 #BINANCE transformation: Richard Teng, the new CEO, has outlined major changes:

1️⃣ The company will transform from an “unmanaged” technology startup into a traditional financial institution.

2️⃣ The company admits that in the process of formation and rapid growth it made a number of mistakes, but learned valuable lessons from them.

3️⃣ Binance plans to create a traditional corporate structure, including a board of directors, a physical address and transparent financial transactions.

4️⃣ The company's capital structure is debt-free and continues to maintain strong revenue and profit margins #BNB🔥 $BNB #Crypto #WEB3