Richard Teng
@_RichardTeng
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@Binance CEO | Formerly #Binance Head of Regional Markets, Former CEO of Financial Services Regulatory Authority ADGM
Joined May 2021
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.
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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
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This inhumane treatment of Tigran must end. He must be allowed to go home for medical treatment and to be with his family.
“This is fvcked uppp”. Binance executive cries out in Nigerian court.
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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
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Joining the CR7 ‘Proof Of Skill’ challenge! . Let's see your best moves to get Cristiano Ronaldo and Binance’s nod of approval! ⚽️
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It was a privilege to have @VitalikButerin visit the #Binance office!. Thanks for taking the time to connect and talk to our team in person 🙏
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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’s core values will not change. We remain focused on protecting users & building a platform people love to use.
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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. ⤵️.
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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.
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Pushing ahead with global partnerships and institutional adoption - introducing banking triparty agreement to help institutions manage counterparty risk .
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"#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!
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GM #btc crossing 41k. Exciting days ahead with greater regulatory clarity, institutional adoption, new products, greater liquidity and new investor class. Keep building 💪.
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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
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BTC ATH 71k. 🎉🎉. With institutional money coming in at this level, we are headed to the Moon 🚀🚀.
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We just hit a new milestone: 1 million #Binance Web3 wallets created. Have you tried it yet?
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GM - we have crossed 170m global users. Thanks for your support 💪. Keep building #Binance
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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.
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Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend. With potential Fed rate cuts & geopolitical volatility, there's still significant potential for market fluctuations. Reminder.
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240 million registered users on #Binance now!. Thank you for the trust and support. Let's keep building. 🫡.
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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. 💪.
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What are your thoughts on the future of AI in crypto? 🤔.
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7 chin-ups to celebrate BTC hitting 70k. To the moon 🚀🚀. Don’t ask me to do 12 when it hits 120k 😂😂
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Join me on Friday (8am UTC) for a @Binance AMA on 𝕏/Twitter. Looking forward to answering your questions
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Introducing BNSOL on #Binance.
#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 👉
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ATH 🚀🚀🎉🎉.
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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!
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To our 166m users that continues to grow, thank you for your confidence and support❤️. Spoke to many institutions, VIPs and users in past 2 weeks. All are overwhelming positive of our growth going forward. Building for future #binance.
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Fun fact: Earlier this month, the all-time trade volume on #Binance surpassed $100 trillion! 🎉. Through the highs and lows, Binance will keep building. Because our users only deserve the best. Thank you for your trust and support! 🤝.
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Busy week. Building always. 🚀.
It's #BinanceBuild Friday! . This week, we're excited to bring you two updates to elevate your trading experience:.1️⃣ Seamlessly screen tokens with horizontal chart view.2️⃣ Predefine TP/SL levels when spot trading. Discover the new features ➡️
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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 doesn’t apply anything. Could be the Asian skin. Thanks Pa and Ma anyway. Maybe should start looking for skincare sponsors 😂😂.
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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 - don’t you agree?
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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.
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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.
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I join the global crypto community in welcoming and celebrating the U.S. SEC's recent approval of Ethereum Spot ETFs — a landmark milestone for the digital asset industry.
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GM - enjoying my morning coffee with new Binance swag before my fireside chat at Token2049. #Binance
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Crypto is probably the only asset class where retail managed to gain exposure prior to the institutional adoption and wave. 🎉 to all the early adopters. Keep building 💪.
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You have seen bankers advocating shutting down crypto industry because of illicit activities. But let’s look at facts. Loved this analysis from Dr Andrzei Gwizdalki who complied data from UN, WEF and Cryptoanalysis. As Dr Gwizdalki states “Perspectives is crucial when addressing.
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Crypto isn’t just about HODLing and flipping tokens—it's about learning and growing. The real degens read the whitepapers, understand the tech, and stay ahead of the game. Time to put in the work!.
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I'm truly honored to receive a letter of appreciation and a plaque from the Hong Kong Police Force on behalf of #Binance . This recognition highlights our commitment to combating virtual asset-related crimes and upholding justice in our community.
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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.
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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.
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Just one day to go! #BinancePizza Day returns tomorrow! 🍕. Last year, we took it to the streets. This year? It’s bigger, bolder, and cheesier than ever. Get ready! 🛵
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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.
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We have hit 200M users @binance ! 🎉 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. 🚀 Let's keep building together. #Binance200M
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A very happy #Bitcoin Pizza Day, everyone! 🍕. Today offers a heartwarming reminder of how young our industry is, but also how much we’ve grown and evolved in the past 14 years. You can now buy a lot more than just pizzas with crypto!
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Held discussion with Thai Prime Minister Srettha Thavisin on the future of dynamic Web 3 industry and support for Thailand’s development in the blockchain sector. #Binance
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Nvidia has had really impressive growth recently. But it's also a sign of how much room crypto has to grow. Nvidia’s market cap, just one company, is close to the same as the entire market cap of crypto (1.8T v 2T). Exciting times ahead.
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Binance will always be a user-first and user-focused organization.
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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.
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Congrats to @Tokocrypto, a part of the #Binance group, for securing a full license in Indonesia! 👏. Excited to continue supporting Tokocrypto in its mission to drive Web3 growth in the region.
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What new features do you want to see on #Binance next? . Have suggestions? Let us know below! 👇.
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We’re aware of the situation and our team is actively helping where we can.
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GM - are you ready?.
I will be attending the Binance Blockchain Week in Dubai on Oct 30-31, in my personal capacity. It’s one of the biggest web3 events of the year. See you there. ✊.
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Crypto back above $2 Trillion in market cap. Where do you think we’ll be at the end of 2024?.
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New Launchpool - happy farming! 😁.
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I will head there to take a photo next ❤️.
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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
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Since the start of the Year of Dragon on 10 Feb, we have seen exciting crypto price action. Wishing good luck, health and happiness for all in 2024!!
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Since crypto was born, holders have benefited from two key character traits:. 1) Conviction.2) Patience.
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Bright and sunny - maybe mood of crypto market having positive effect on the weather 💪💪
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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.
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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 reflect🙏.
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We are thrilled to announce the first-ever institutional investment in Binance by @mgx_ai - a significant milestone for the crypto industry and for Binance and underscores our shared commitment to build a more inclusive and sustainable ecosystem. We’re looking forward to.
We are excited to announce the first-ever institutional investment in Binance by @mgx_ai. This is a significant step in advancing digital asset adoption and reinforcing blockchain’s role in global finance. The $2B investment is also the single largest investment into a crypto
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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 here’s a pic of me HODLing on 😂
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Busy and exciting week ahead for the global crypto community. If you see me around, remember to say hi! 👋.
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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!
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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.
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Great energy and huge turnout at super meetup in Thailand!!. Always happy to meet up with community and users. Keep building!! . #Binance
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大年初二，祝大家心想事成，万事如意，恭喜发财。. Incidentally, “恭喜发财” roughly translate into “wishing you make plenty of fortune”. We Chinese are probably the only ethnic group that wishes that fortune be bestowed on you during the Lunar New Year. Other communities probably
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