šÆBinanceās 7th Anniversary Milestoneš
š„Despite the severe criticism and fines the exchange has suffered from many legal bodies, this week marks Binanceās 7th anniversary, an amazing feat. From license suspensions to the resignation of Changpeng Zhao, Binance has handled a challenging environment; yet, its new CEO, Richard Teng, sees the best still to come.
š„Teng highlighted the exchangeās heightened emphasis on regulatory compliance in his views on Binanceās path. āWeāve placed an even greater emphasis on working hand-in-hand with global authorities to combat illicit activity and uphold the integrity of the crypto industry,ā he said.
š„Binance says that institutional registrations rose by 35% this year, implying that this change in approach is working well. As the market grows and more major companies enter it, Teng believes Binance is in a solid position to profit from the growing institutionalization of digital assets.
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