Following the November agreement, Binance’s CEO, CZ, delegated responsibilities to Richard. The new CEO released a blog post with key statements during the preparation of this article. A notable development boosting optimism for 2024 was the significant resolution of conflicts between Binance and the US, positively impacting the entire cryptocurrency space.
Binance CEO Statement
In his inaugural year-end review, Teng discussed the positive settlement with the US and the optimism it brought. Prolonged reports by Bloomberg and others on investigations and imminent lawsuits had cast a shadow on the markets. Now, investors are approaching the coming year with hope, free from the previous fear and panic.”With the resolution with US regulatory agencies, the haze has lifted. Binance, with its culture, talent, and expertise, is poised to be genuinely compliance-focused while remaining user-centric,” stated the new CEO. He emphasized that users have acknowledged and embraced this commitment, highlighting increased inflows to the exchange.
In his words: “The past few weeks have shown that this assessment is not just talk, and our users trust us and our vision for the future. After the announcement of the US decisions, net inflows were very strong, and new users continued to arrive steadily. By the end of December, we surpassed 170 million registered users, marking a 30% increase compared to last year. Actions speak louder than words.”
Cryptocurrency’s Outlook
“We embark on the new year with great optimism for several reasons. Binance steps into its new era fortified by a robust financial standing and the trust of our rapidly growing, incredible global community. This institution is designed to endure not just for years, but for decades.Moving ahead, our dedication remains steadfast to three pivotal groups. Foremost are our users, our most crucial stakeholders. Secondly, we prioritize our relationships with global regulators. Lastly, we persist in expanding industry partnerships.
I eagerly anticipate achieving even greater milestones with all of you in 2024 and beyond.”
