Cointime

Download App
iOS & Android

Binance’s new CEO Richard Teng releases an open letter

Cointime Official

It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.

We operate the world's largest cryptocurrency exchange by volume. The trust placed on us by our 150m users and thousands of employees is a responsibility that I take seriously and hold dear.

With CZ, and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money.

The foundation on which Binance stands today is stronger than ever.

To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.

My focus will be on:

1) reassuring users that they can remain confident in the financial strength, security and safety of the company

2) collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections

3) working with partners to drive growth and adoption of Web3

We are here to stay. Please lend me your support. Excited for the days ahead!

Comments

All Comments

Recommended for you

  • Cross border payments: Citi spotlights DLT. FSB reports on G20 progress

    During the past week Citi and the Financial Stability Board (FSB) have published separate reports on cross border payments. Both papers explore G20 targets for improving cross border payments. Unfortunately, 2024 speed figures were worse than 2023 for wholesale, retail and remittance payments, largely reflecting more accurate data. Citi’s report highlights that fintechs expect to gain 10% in market share from banks in the next two to five years. Its survey shows that DLT is one tool to address the pain points, but more in the medium term.

  • Stablecoin agents will onboard billions of Africans to the global economy

    Think back to your first time using crypto. How would you review your experience? If you were an early adopter, maybe you found the experience confusing and jargon-heavy, the irreversible nature of transactions deathly terrifying, or even all of the above. With that thought in mind, would it surprise you to learn that the reviews above are from everyday Africans using crypto?

  • Permissionless bridging is now live

    Uniswap users can now bridge across nine networks directly from the Uniswap Interface and Uniswap Wallet. In-app bridging is one of our most requested features, and we’re excited to roll it out as a step toward our long-term vision of cross-chain swaps.

  • SUI breaks above $2

    market shows SUI breaking through $2 and currently trading at $2.01, with a 24-hour increase of 7.49%. The market is volatile, so please manage your risks.

  • ERC-7777: Proposal for Human Robot Societies

    Alliance is the leading crypto accelerator and founder community. We receive over 3,000 applications every year from the best crypto startups looking to join our accelerator program. Our accelerator program runs twice a year and thus we report our data in halves.

  • AI DAOs, and Three Paths to Get There

    DAOs have arrived. When artificial intelligence (AI) gets added to the mix, the results are explosive. I was about ten years old when I stumbled across a book on artificial intelligence (AI). It riveted me. The profound implications sunk in. I’ve been passionate about ever it since. I spent nearly twenty years as a professional AI researcher. Three years ago, I stepped out of the AI world to work on something just as important: decentralization. These worlds will collide, soon.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

  • STRK falls below $0.4

     market showed that STRK fell below $0.4 and is now reporting at $0.39, with a 24-hour decline of 4.88%. The market is fluctuating greatly, so please be prepared for risk control.

  • BTC falls below $67,000

    market shows BTC has fallen below $67,000, currently reporting at $66,987.51, with a 24-hour increase of 0.41%. The market is experiencing significant fluctuations, please be prepared for risk control.

  • BTC breaks through $67,000

    the market shows BTC has broken through $67,000 and is currently trading at $67,011.99, with a 24-hour decline of 0.26%. The market is volatile, so please be prepared to manage risks.