Speech by the current CEO of Binance to Binance users at the end of 2023, expressing gratitude to the users for their support during the challenges faced by Binance throughout the year. The CEO reaffirms the commitment to users and compliance with regulatory requirements, and discusses the future development of Binance and its community.
Table of Contents:
Clear regulations encourage institutions to join Web3
Leading the way in Web3 and protecting user funds
Future prospects of Binance
In his speech to Binance users, the newly appointed CEO Richard Teng expresses that 2023 has been a year of embracing change and honoring commitments to users. He mentions that as the new CEO and a contributor to financial freedom, he wants to share his thoughts with Binance users before the end of 2023.
He emphasizes that in 2023, Binance not only maintained its position within the cryptocurrency industry but also embraced reform. As a result, Binance has reached an agreement with regulatory authorities in the United States, aiming to become a truly compliant and user-centric organization, leading the digital asset industry into a new era.
Richard mentions that Binance has seen a significant increase in net inflows and new users, with the current registered user base surpassing 170 million, a 30% increase compared to the previous year. Particularly strong inflows of funds from institutional investors reflect their trust in Binance and the Web3 ecosystem. To accommodate institutional participation and regulation, Binance has established innovative collaborations with third-party agreements in the banking industry to assist institutional investors in managing risks.
With the growing number of users joining Binance and Web3, Richard emphasizes that their most important commitment is to their users. In order to make the Web3 world safer and more accessible to various Web3 platforms, Binance has introduced the Web3 wallet to enhance user experience in the Web3 environment.
Apart from the Web3 wallet, the most important priorities for Binance are user experience and fund security. Binance has collaborated with global law enforcement agencies to combat digital asset crimes, conducted educational initiatives for users, and expanded the Binance SAFU (Secure Asset Fund for Users) valued at $1.2 billion, all aimed at ensuring the security and transparency of user funds.
Looking into the future, Binance’s key commitments revolve around three important groups: Binance users, global regulatory authorities, and building and maintaining partnerships within the industry to create a stronger ecosystem.
In conclusion, Richard states in the future outlook that:
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