FAQs: @Richard Teng 's AMA on Binance’s 7-Year Anniversary

1. What were the main highlights of Richard Teng’s AMA?

- Discussed Binance’s progress since 2017 and its commitment to enhancing user experience.

- Emphasized investments in technology, user safety, and cooperation.

2. What challenges has Binance faced in the past, what are the future opportunities?

- Past Challenges: Overcoming skepticism towards crypto and the demands of operating a 24/7 platform.

- Future Opportunities: Investing in technology, expanding product offerings, supporting Web3 innovation, and managing risks.

3. What are the next big milestones for Binance, and what are its expansion plans?

- Milestones: Achieving mainstream adoption with cryptocurrency ETFs in various countries.

- Expansion: Working with governments to develop balanced regulatory frameworks and exploring new markets.

4. How will Binance ensure user safety and prevent illicit activities?

- Active measures to prevent scams and hacks with a strong security team.

- Significant fund recoveries and industry-wide security efforts, including bug bounty programs.

5. Does Binance have plans to return to the Philippines and Malaysia?

- Yes, Binance is working closely with regulators to resolve issues and improve service.

- The company is focused on growth markets in Southeast Asia.

6. What is Richard Teng’s view on the future of crypto in the Arabic region?

- Teng sees high adoption rates among younger, tech-savvy populations in the Arab world.

- Binance aims to better serve the Arab community, especially in areas with lower financial inclusion.

7. What new features or products can users expect from Binance?

- Enhancements to Binance Square, Web3 wallet, and other products.

- Expansion of features for both retail and institutional users based on feedback.

8. What final thoughts did #RichardTeng share with the community?

- Expressed gratitude for the community’s support over seven years.

- Reaffirmed Binance’s commitment to continuous improvement and supporting users in their crypto journey.