Coinspeaker Binance Grabs Top Spot as Asia’s Fintech Innovator in 2024
In the first 2024 Asia FinTech Innovators list, Fortune Asia has named leading crypto exchange Binance as the top crypto infrastructure provider. In the ‘Blockchain and Crypto Category’ Binance ranked first underscoring its role as a pioneer in this rapidly evolving crypto landscape.
The 2024 Asia FinTech Innovators list features the 60 most dynamic companies in Asia’s financial services sector. Besides, the list features companies based on a number of factors considering innovations and the use of advanced technologies. It also includes other metrics like market updates, financial performance, regulatory compliance, scalability, security measures, and unique features, important to improve the overall consumer experience.
Crypto exchange Binance currently has a user base of more than 238 million users. Moreover, the Asian market proves to be a key driver to the company’s growth making it the largest blockchain ecosystem global in terms of crypto trading volumes. Speaking on the development, Vishal Sacheendran, Head of Regional Markets at Binance said:
“We’re honored to be recognized by Fortune as Asia’s leading innovator in blockchain and crypto. This recognition highlights our dedication to pushing the boundaries of blockchain technology, fostering trust and security within the ecosystem, and ultimately providing our users with reliable and innovative fintech solutions. Asia has been at the forefront of our growth, and we remain committed to delivering impactful solutions tailored to the region’s unique needs and opportunities.”
Binance has reaffirmed its commitment to expanding financial freedom worldwide, driven by a vision to empower individuals with the ability to access, manage, and grow their financial assets freely.
Key Developments in the Binance Ecosystem
The Binance ecosystem has continued to progress further despite all the regulatory challenges that it faced this year. Furthermore, Binance founder Changpeng Zhao (CZ) is now out of prison and is planning his next big projects in the market. In his recent Bloomberg interview, CZ stated that he had no intentions to go back to the company. He added:
“I don’t think I want to go back. I’ve been leading the company for seven years. I enjoyed it. It’s a lot of work. But I think that chapter is that chapter.”
Zhao also told Bloomberg he has received offers to sell his substantial stake in Binance, which constitutes the majority of his wealth. However, he declined to reveal the identities of the interested buyers or the amounts proposed. Reports suggest that Zhao holds a 90% stake in the company.
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Binance Grabs Top Spot as Asia’s Fintech Innovator in 2024