Rebranding as compliant, institutional, AI-forward
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new CEO Richard TengCNBC
•Business
Business & Economics
As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto
79% Informative
Binance ’s global CEO Richard Teng is recasting the company as compliant, institutional and AI -forward after its $4.3 billion settlement with the U.S. crypto exchange.
Teng says the Trump administration has been a "fantastic" reset for the cryptocurrency industry.
Binance is now licensed in 21 jurisdictions, and its influence extends well beyond the reach of any one country.
Binance CEO Teng says Binance has more than 40% of global market share.
He says he has shifted the company from founder-led startup to a board-governed organization.
Binance took on its first institutional investment earlier this month in a $2 billion deal with Emirati state-owned investment firm MGX.
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