Founded in July 2017, Binance is a cryptocurrency exchange platform that facilitates the trading of various cryptocurrencies. Whether you're a seasoned user or a novice, you can rely on Binance to provide a secure and user-friendly experience as you navigate the world of cryptocurrency, which represents the future of finance. Cryptocurrency is a fundamental component of Web3, the next generation of the internet built on blockchain technology. In Web3, individuals have the freedom to manage their data, transactions, and identity.

Richard Teng is the CEO of Binance. According to him, the company has faced several challenges in recent years. However, he noted that Binance never gave up on its vision to increase global financial freedom and successfully overcame these challenges through hard work and resilience. Today, Binance boasts a user fund holding of over $100 billion for the first time.

Binance has its headquarters in Malta and operates in various African countries, the Americas, Asia and the Pacific, Europe, and the Middle East. Richard Tent noted, "With the trust and support of our global community, we are confident that our first seven years of hard work have laid a solid foundation for even greater success on the path of expanding financial freedom and inclusion." In terms of institutional participation, Binance grew by 36%. Binance has 8 million users who earn through the platform, and over 24 million people globally use Binance Pay. Furthermore, more than 43.6 million individuals are taking advantage of Binance Academy to learn about cryptocurrency since it was launched in 2018. Binance Academy is an educational platform that features courses on blockchain, cryptocurrency, and Web3, and is available in more than 30 languages.

Moving forward, the company is ready to lead the digital asset sector into the next stage of its development. "Binance is built to deliver a more intuitive user experience, accessible crypto knowledge and customer support, and constant innovation to all its clients," said Richard Teng. Richard is confident that the institutionalization of cryptocurrency, combined with greater regulatory clarity, will attract more large-scale investors and more capital into the system. In his view, this move will further fuel the growth of early crypto users and attract new users from around the globe.

At the Cyber Security Professional Awards in February 2024, Binance was honoured with the Merit Award in the banking and finance category. It was the sole representative of Web3 to receive this recognition from the Hong Kong Police Force for its exceptional expertise and ongoing support to Hong Kong law enforcement agencies in combating virtual asset crimes.

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Information from https://www.binance.com/en/blog/leadership/from-our-ceo-seven-years-at-the-frontier-of-financial-innovation-7022309479304206 was used in this story.