Over the past year, Binance has established new standards for growth, responsibility, and innovation in the cryptocurrency industry. The company reports that both it and the crypto sector are thriving. "Over the past year, Binance has set new benchmarks for growth, responsibility, and innovation, proving that both the company and the crypto industry are here to thrive," states a recent announcement.
The cryptocurrency market has seen significant achievements, such as the approval of Bitcoin ETFs in major markets like the United States and Brazil. This reflects increasing legitimacy and integration with traditional finance. Binance's commitment to responsible growth is evident through its investments in compliance and security measures. The platform now serves over 240 million users globally.
The CEO expressed gratitude for being entrusted with leading Binance into a new era. "One year ago, I was humbled and honored to be entrusted with an enormous task: leading the incredible organization that CZ and the founding team had built into the new era of the crypto industry," he said.
Binance has experienced remarkable growth over the past year. It became the first centralized crypto exchange to surpass $100 trillion in combined all-time spot and derivatives trading volume. Additionally, institutional onboarding at Binance more than doubled compared to last year.
There is also a shift in how regulators view digital assets. Many are asking informed questions about blockchain's potential for social good. "Throughout dozens of meetings with regulators over the past year, I’ve sensed a noticeable shift in the way they talk about digital assets," said Binance's CEO.
The company emphasizes responsible growth by prioritizing cooperation and compliance. It holds over 20 licenses worldwide and continues investing heavily in compliance efforts.
Looking ahead, Binance is optimistic about future advancements in crypto adoption. Institutions are increasingly exploring crypto's potential while digital assets embed themselves into culture and lifestyle.
The CEO concluded by expressing pride in how Binance leads into the future with a focus on users: "Our commitment remains steadfast: to deliver value, protect and empower our community."