Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web

[sirty143]

Binance CEO Richard Teng Outlines the Path Ahead; Puts Innovation, Users and Web3 at the Forefront

Richard Teng, the new CEO of Binance, has explained his vision for the company, outlining the challenges the exchange faces ahead and the areas on which the company will focus. In a blog post, Teng explained that innovation... See more for yourself here.

Your opinion is greatly appreciated.

[GDI]

Good news.

Every innovations will be recognized positive by users, because new features could be interesting and curious. 

[yhiaali3]

It is natural that any new CEO will try hard to bring more updates and changes to Binance after officially assuming his duties.

The previous CEO, CZ, brought Binance to a very high position in Crypto, but in the end he brought it a lot of bad reputation, so I expect that the new president will have to try to avoid the mistakes that CZ made and try to find a balance between satisfying users and satisfying governments, and this is a very difficult task.

[Faisal2202]

The previous CEO, CZ, brought Binance to a very high position in Crypto, but in the end he brought it a lot of bad reputation, so I expect that the new president will have to try to avoid the mistakes that CZ made and try to find a balance between satisfying users and satisfying governments, and this is a very difficult task.

I don't think the new CEO will do any good he is just a clown being played by higher powers. IMHO, Binance will be managed by the financial advisors of America or any other government until CZ gets his seat as CEO back. These three factors that the new CEO is talking about are the main factors I assumed that are driving Binance.

I am seeing a hell lot of development on the Web3 side, they even ran a campaign for their Web3 wallet users and awarded everyone, I won 2$ hehe. But in comparison to other exchanges like Bybit, they are not paying much back to their users like in terms of deposits and awards, even though I have seen that there are some hidden charges too in Binance. I have started to dislike it for such reasons. Plus this drama with the DOJ and SEC.

Many big analysts even predicted that BNB the native token of Binance will be dumped as it is overvalued now and keeping that in mind, I can say Binance is now on the verge of an end, I hope they will come up with other factors to drive it further in future.

[trendcoin]

Binance's market share was around 60% on average, but due to the US government's effort to cancel CZ, the exchange lost credibility and its market share dropped to around 40%. In recent days, there are reports that Binance's market share has risen back to around 50%. I think that CZ's docile attitude towards the US government and the efforts of the new CEO will bring Binance back to its old days. I think there is no big problem right now.