It is an honour and with the deepest humility that I step into the role of Binanceโs 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
The fundamentals of our business are VERY strong.
Binance continues to operate the world's largest crypto exchange by volume, our capital structure is debt-free, expenses are modest, and, despite the low fees we charge our users, we have robust revenues and profits.
I backed out Binance Corporate's crypto holdings from their Proof of Reserves: $6.35B total assets, $3.19B in stablecoins
Doesn't include off-chain cash balances or funds held in wallets not in PoR
Most likely able to pay full $4.3B DoJ fine with 0 crypto asset sales
On the AMA I was asked to take a 4 photo. I need my own thing, so I'll do the 3 instead.
It represents my 3 commitments as
#Binance
CEO:
1) Being user-focused, always
2) Working with regulators to uphold standards
3) Collaborating with partners to grow Web3
I'll be doing lots of talking over the next few weeks. Interviews, events, AMAs & more. Look forward to meeting many of you soon.
One point to reinforce now -
#Binance
โs core values will not change. We remain focused on protecting users & building a platform people love to use.
Here is my first blog as
#Binance
CEO.
I want to take this opportunity to share immediate focus areas, discuss our responsibility to users and my view on the future of our industry.
My friend and colleague, Tigran Gambaryan, has been unlawfully detained by the Nigerian government for more than 70 days. We're tirelessly working to
#BringTigranHome
.
For the first time publicly, I'm sharing the full context of this situation here. โคต๏ธ
Pushing ahead with global partnerships and institutional adoption - introducing banking triparty agreement to help institutions manage counterparty risk
Today will be remembered in crypto history.
Spot
#Bitcoin
ETFs have arrived, giving
#BTC
access to a whole new class of investors and making Bitcoin a more approachable asset for many crypto-curious.
"
#Binance
Reveals Fan-Crafted Helmet Design for Pierre Gasly for Abu Dhabi Grand Prix"
I can't wait to see this helmet on the track at the weekend.
Congratulations to
@rulo_moreno
for winning our design contest!
GM
#btc
crossing 41k. Exciting days ahead with greater regulatory clarity, institutional adoption, new products, greater liquidity and new investor class. Keep building ๐ช
Busy start to F1 Abu Dhabi, with Alpine Team Principal, Bruno Famin to showcase the Pierre Gasly helmet. BTW, my handsign a UAE symbol comprising 3 characters - W (Win), V (Victory) and L (Love). Al important, especially in crypto. For me , also means our 3 commitments to being
Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe itโs indicative of a long-term negative trend.
With potential Fed rate cuts & geopolitical volatility, there's still significant potential for market fluctuations.
Reminder
FUD. Only a limited number of user accounts, linked to illicit funds, were blocked from transacting. There have been some incorrect statements about this.
As a global crypto exchange, we comply with internationally accepted anti-money laundering legislation, just like any other
Market warming up. But still challenging to change preconceived notion on merits of crypto industry. Lives of many sidelined in the past because of high costs of financial services have benefitted greatly. Glad the industry continued to prove naysayers wrong. Keep building. ๐ช
#Binance
launches BNSOL, a new way to stake SOL.
Stake your $SOL, receive BNSOL, and unlock the flexibility to trade or lend.
Keep earning rewards and using your assets across Binance products,
@Web3WithBinance
and DeFi, all while staking securely.
Get started here ๐
Kicking off the busy week in Abu Dhabi with some early morning interviews.
I will also be at the ADGM North Plaza tomorrow, looking forward to meeting you all at the
#Binance
booth.
A great opportunity to speak with
@_RichardTeng
in his first in-person interview as CEO of
@binance
. The interview will be coming to
@coinbureau
very soon!
To our 166m users that continues to grow, thank you for your confidence and supportโค๏ธ. Spoke to many institutions, VIPs and users in past 2 weeks. All are overwhelming positive of our growth going forward. Building for future
#binance
After finding out early on about the exploit that occurred at
@Ripple
, weโre happy to say that the
#Binance
team has managed to freeze $4.2 Million worth of $XRP stolen by the exploiter.
We appreciate both the communities efforts in flagging it to exchanges - as always
@zachxbt
We've surpassed the 190 million user milestone! ๐ It's the community that defines
#Binance
. Thank you for your continued trust and support in us.
Any predictions on when
#Binance
will reach 200 million users?
It's
#BinanceBuild
Friday!
This week, we're excited to bring you two updates to elevate your trading experience:
1๏ธโฃ Seamlessly screen tokens with horizontal chart view
2๏ธโฃ Predefine TP/SL levels when spot trading
Discover the new features โก๏ธ
Fun fact: Earlier this month, the all-time trade volume on
#Binance
surpassed $100 trillion! ๐
Through the highs and lows, Binance will keep building. Because our users only deserve the best.
Thank you for your trust and support! ๐ค
2 of my French colleagues asked my skincare secret (young relative to age I guess). Truth is I am one of the lowest maintenance guy and doesnโt apply anything. Could be the Asian skin. Thanks Pa and Ma anyway. Maybe should start looking for skincare sponsors ๐๐
Always great to catch up with
@PierreGASLY
- showcasing helmet for his race this weekend. All the best for this weekend Pierre. The helmet is gorgeous - donโt you agree?
Fun fact, given that BTC has often been compared to digital gold.
Did you know that the 1st Gold ETF was approved in Nov 2004 when price of gold was $700? Gold price rose over the course of the next 7 years to reach $2,450 in 2011. Not financial advice.
I join the global crypto community in welcoming and celebrating the U.S. SEC's recent approval of Ethereum Spot ETFs โ a landmark milestone for the digital asset industry.
Today marks 6 months since Tigran was unjustly detained. He is denied proper medical treatment & legal counsel.
We appeal to the Nigerian government on humanitarian grounds to allow Tigran to return home for urgent medical care & reunite with his family.
Crypto is probably the only asset class where retail managed to gain exposure prior to the institutional adoption and wave. ๐ to all the early adopters. Keep building ๐ช
You have seen bankers advocating shutting down crypto industry because of illicit activities. But letโs look at facts. Loved this analysis from Dr Andrzei Gwizdalki who complied data from UN, WEF and Cryptoanalysis. As Dr Gwizdalki states โPerspectives is crucial when addressing
2023 has been a year of perseverance and we are glad to have ended on a high note.
Get some rest, recharge and be reenergised - as 2024 promises to be an exciting year for crypto!
#Binance
Binance is assisting BtcTurk with investigations and have frozen over $5.3M in stolen funds so far.
Our investigations & security teams work around the clock as part of our proactive efforts to protect the ecosystem from bad actors. We will provide further updates as relevant.
BtcTurk, one of Turkey's largest cryptocurrency exchanges, said it was attacked on June 22, and cryptocurrency deposits and withdrawals have been stopped. Officials said that some balances in the hot wallets of 10 cryptocurrencies were affected, and the cold wallets that hold
Congrats to our joint venture, Binance TH by Gulf Binance, for the successful launch of their regulated & licensed digital asset exchange.
Thailand is one of the leaders of crypto adoption in Southeast Asia &
#Binance
TH is excited to be part of the Thai digital asset ecosystem.
Recently,
#Binance
hosted a community meetup in Addis, Ethiopia. ๐ช๐น
Over 100+ attendees had the opportunity to network with the team and learn all about Web 3 & the
#Binance
ecosystem.
We have hit 200M users
@binance
! ๐ This milestone wouldn't have been possible without YOU - our incredible community.
From the bottom of our hearts, thank you. The journey to 1 billion users continues. ๐ Let's keep building together.
#Binance200M
A very happy
#Bitcoin
Pizza Day, everyone! ๐
Today offers a heartwarming reminder of how young our industry is, but also how much weโve grown and evolved in the past 14 years. You can now buy a lot more than just pizzas with crypto!
Interesting year ahead for crypto supply:
๐ธ
#Bitcoin
Halving in 64 days
๐ธ $ETH supply has decreased by 355,000 since the merge
๐ธ BEP-95 has burnt 215,000
#BNB
total
๐ธ
#BTC
ETF flow positive and increasing
Held discussion with Thai Prime Minister Srettha Thavisin on the future of dynamic Web 3 industry and support for Thailandโs development in the blockchain sector.
#Binance
Nvidia has had really impressive growth recently. But it's also a sign of how much room crypto has to grow.
Nvidiaโs market cap, just one company, is close to the same as the entire market cap of crypto (1.8T v 2T).
Exciting times ahead.
Product development at
#Binance
follows five key principles: simplicity, trust, transparency, innovation, and, most importantly, community.
Your feedback plays a vital role in shaping our products. Tell us what you want to see on
#Binance
:
Amid the macroeconomic climate and yesterday's market downturn,
#Binance
recorded a net inflow of US$1.2 billion in the past 24 hours, according to
@DefiLlama
's CEX Transparency metrics.
This marks one of the highest net inflow days of 2024, indicating strong investor
Congrats to
@Tokocrypto
, a part of the
#Binance
group, for securing a full license in Indonesia! ๐
Excited to continue supporting Tokocrypto in its mission to drive Web3 growth in the region.
I will be attending the Binance Blockchain Week in Dubai on Oct 30-31, in my personal capacity. Itโs one of the biggest web3 events of the year. See you there. โ
Caught up with Yi over lunch. People sees the successful Binance platform but tends to overlook the many uphill challenges, hardship and hurdles that
@cz_binance
,
@heyibinance
and the founding team have to overcome to build up Binance over the course of 7 years.
Every tough
Always place the best people in the most important businesses and they will drive the highest alpha for you.
We are blessed with a highly driven, talented and committed team to support our core mission: supporting users achieve their freedom of money.
We will keep investing
The next week will be a holiday period for many around the world, including lots of the
#Binance
team.
We all know crypto never sleeps, but perhaps it will be a bit quieter the next few days. I wish you all happy holidays and encourage you to take time to recharge and reflect๐
I had the pleasure of joining the stage at
@token2049
Dubai this morning.
It was great to sit down with fellow industry players to discuss global crypto regulation and our vision for the future as an industry.
If you're at the event, make sure to say hi!
Today is the 10 year anniversary of when the term 'HODL' was born on Bitcointalk.
The industry has come a long way in the last decade, thanks to the entire community for HODLing on and continuing to build.
Now hereโs a pic of me HODLing on ๐
Some highlights from
#Binance
in 2023:
- Registered users increased 30%. We welcomed 40M users, reaching a total of 170M+.
- We held keep crypto safe. The Binance Investigations team processed over 53,000 law enforcement requests in 2023 (+3,000 YoY). The team also conducted
ๅคงๅนดๅไบ๏ผ็ฅๅคงๅฎถๅฟๆณไบๆ๏ผไธไบๅฆๆ๏ผๆญๅๅ่ดขใ
Incidentally, โๆญๅๅ่ดขโ roughly translate into โwishing you make plenty of fortuneโ. We Chinese are probably the only ethnic group that wishes that fortune be bestowed on you during the Lunar New Year. Other communities probably
Fun fact: I personally discovered crypto in 2017, which is also the year that Binance was founded!
Quite an interesting coincidence. Haha. A lot has changed since then, but my belief in cryptoโs potential remains high. ๐
At
#Binance
, we are committed to protecting users and adhering to international standards.
@BinanceTR
just received information and data security certificates from BSI Turkey, reinforcing our global commitment to security.
#Binance
TR olarak, BSI Tรผrkiye tarafฤฑndan verilen bilgi ve veri gรผvenliฤi sertifikalarฤฑnฤฑ Genel Mรผdรผrรผmรผz
@mucahittdonmez
liderliฤinde aldฤฑk.
Bu sertifikalarla uluslararasฤฑ standartlara baฤlฤฑ kalarak, blockchain ekosistemini korumaya devam ediyor ve gรผvenlik konusundaki
Happy Mothers' Day to all the wonderful mothers out there! ๐ธ
Our mothers never stop worrying about us. Just yesterday, she asked me how I have been travelling so much and whether I am eating enough. ๐ Thanks for being my protector and care provider since birth, and mother
Excited to announce that Iโll be speaking at
@Tokocrypto
's Indonesiaโs Crypto Outlook event tomorrow at 7:45am UTC.
I look forward to sharing my thoughts on Indonesia's crypto future and what lies ahead in 2024!
Join me here๐
Happy
#Ramadan
to all those celebrating this month ๐
Make sure to tune in to
#Binance
Live tomorrow at 12:00 UTC as I'll be answering questions from all of you!
Set a reminder โก๏ธ
Today marks the 15th anniversary since Satoshi Nakamoto created the
#Bitcoin
genesis block.
One of the most significant moments in crypto history.
Happy birthday to Bitcoin! ๐