On January 21, Binance CEO Richard Teng revealed at the Davos Forum that Binance users will save up to $1.75 billion in remittance fees through instant cryptocurrency remittances between 2022 and 2024, and the total amount of these remittances will reach $26 billion. In 2024, the average amount of cryptocurrency remittances between international users on the Binance platform was $470. Additionally, according to Binance data, more than 500,000 female customers engaged in more than $4 billion in d...
According to Triple-A data, more than 562 million people in the world currently own cryptocurrencies.
Binance CEO Richard Teng said that Binance has not yet decided where to locate its global headquarters. The exchange said a decision was imminent a few years ago, but the executive pointed to the measures it has taken to improve corporate governance. He stressed that tax laws and attracting talent were key factors in making the decision. He said Binance is still in deep conversations with several jurisdictions, without providing specific names. (Reuters)
On October 9th, Binance CEO Richard Teng wrote on the X platform: "I received a question about the Launchpool quota on X Spaces before. I hope this explanation will make it clear to everyone. The project quota in Launchpool is strictly for Binance users. Binance will not make profits from the quota that should be applied to users, and the final allocation of project quotas is determined by the project party. We have implemented strict control measures, including for each Launchpool and P...
Richard Teng, chief executive of Binance, said his team had been working "around the clock" to bring Tigran Gambaryan, an executive arrested in Nigeria, back to the US because of his deteriorating health. "We have repeatedly called on the Nigerian government to release Tigran so he can return home and receive the proper treatment he needs." "There is no need to detain our employee. He was unjustly and unfairly detained...
Richard Teng, Binance's chief executive, publicly denounced the Nigerian government's "inhumane treatment" of the company's head of criminal compliance, Tigran Gambaryan, in response to a recently released video showing Gambaryan arriving at the courtroom on crutches, visibly struggling, and asking guards for a wheelchair. Despite his request, officers appear to have denied him access to assistive devices, forcing him to continue with only one cane. Teng said: "...
The CEO of Binance, Richard Teng, once again wrote that after six months of unjust detention in Nigeria, the physical and mental condition of the company's employee Tigran has seriously deteriorated, and the Nigerian government has refused to provide proper medical care and prevented him from meeting with legal counsel. Richard Teng called on the US government to intervene and hoped that the voices of global citizens would prompt the Nigerian government to release Tigran.
In a post on the X platform, Binance CEO Richard Teng highlighted Binance's huge investment in creating a secure ecosystem. Teng said Binance's investment in resources, talent and efforts is "unparalleled" to proactively build a more secure crypto ecosystem. He believes that this emphasis on security is one of the important reasons for choosing Binance. Teng stressed that Binance always puts the well-being of its users and the industry first.
Binance CEO Richard Teng said on the X platform that against the backdrop of the macroeconomic environment and yesterday's market decline, Binance recorded a net inflow of $1.20 billion in the past 24 hours. This marks one of the highest net inflows in 2024 and shows strong investor confidence. Yesterday, Binance also witnessed one of the highest trading days of the year so far. We are currently witnessing a rebound in the prices of major tokens, as confirmed by current market trends.
Richard Teng, chief executive of Binance, said on the X platform: "The recent sharp declines in cryptocurrency and stock prices have been influenced by macroeconomic factors. We do not believe this is a sign of a long-term negative trend. With a potential rate cut by the Federal Reserve and geopolitical turmoil, the potential for market volatility remains high. Remind everyone to always do their research and stay up to date to keep building."
Richard Teng, chief executive of Binance, emphasised that spot Ethereum ETFs could provide stable and sizeable capital inflows over time. "While we expect capital investment in these ETFs to be stable, it may not be too dramatic at first and will fluctuate according to various macroeconomic factors," Mr. Teng said. However, Mr. Teng believes liquidity in these ETFs is likely to grow exponentially.
According to Binance's official blog, Noah Perlman, Binance's Chief Compliance Officer, shared about Binance's evolution in compliance understanding and enforcement. He said that Binance is doing three things at the same time: first, correcting past problems; second, running a business-as-usual compliance program as the world's largest exchange with more than 200 million users; and third, continuously improving the program. In addition, Noah Perlman revealed that Binance has been working hard to...
Binance CEO Richard Teng highlighted the strong interest in bitcoin and other cryptocurrencies, noting that U.S.-listed bitcoin exchange-traded funds (ETFs) have attracted net inflows of more than $14.70 billion over the past six months. Teng highlighted the sector's strong long-term fundamentals and urged the community to stay focused and keep building despite market volatility.
On July 9, Binance CEO Richard Teng said on the X platform: "My personal expectations for the next 12 months include: new use cases and continued innovation, improving user experience and promoting retail adoption, institutionalization and mainstreaming of cryptocurrencies, greater development and clarity in regulation, and more to come! We are still in the early stages."
Binance CEO Richard Teng posted on the X platform that Turkey's approval of the new legislative framework for cryptocurrencies and crypto asset service providers marks a positive step forward for the crypto industry. Binance will closely monitor and strongly support regulatory developments in Turkey and beyond, and Binance Night will continue to work with regulators to create a secure and compliant crypto ecosystem for users.