Our actions received an overwhelmingly positive response from the global crypto community. “As it turns out, the world favors people who do the right things. Binance used $6 million (40% of its treasury at the time) to protect investors and their funds. ICO projects in China had to return the investments received to their investors.įollowing this latest development, Binance made a huge call to protect users as the prices of numerous coins and ICOs began to drop. Shortly after Binance launched, it was forced to exit the Chinese market after the government issued a ban on crypto exchanges and ICOs.
The cryptocurrency exchange’s BNB Chain also powers everything from decentralized exchanges to storage applications. Six years later, Binance supports 600+ tokens in 40+ languages, with thousands of employees within the customer support team. In the early days, Binance had to borrow a customer support team and also had no marketing team. The cryptocurrency exchange was launched two weeks after the funding round, with 5 tokens in 2 languages. What began as a mere dream, has turned into a global platform that provides financial access to more than 140 million people all around the world, and hopefully billions more to come.”ĬZ revealed that in its early days, Binance raised US$15m equivalent in crypto and began its journey as a crypto-to-crypto exchange. “As Binance turns 6, it’s a chance to reflect on our journey together, share some stories and look ahead. CZ Sends Anniversary Message To Binance UsersĬhangpeng Zhao (CZ), the CEO of Binance, sent an anniversary message to the company’s millions of users globally. Binance was launched in 2017 and quickly rose to become the number one cryptocurrency in the world. platform is a strong step toward achieving that goal and restoring customer trust in the Binance.US brand.Binance, the world’s leading cryptocurrency exchange, has turned six. It seems like honoring the SGB airdrop commitment to XRP holders on its U.S. We have a lot of work to do to live up to the high degree of customer service that I want Binance.US to be known for, but the team and I are willing to put in the work to earn your trust. Going forward, our organization will be even more customer-centric, and we have already begun to take clear and meaningful steps in that direction. On Tuesday, Shroder posted an upbeat and optimistic message about his intense focus on customer service. This news from Shroder is a bright spot among the recent storm clouds.
Here in the U.S., Binance is being investigated by tax agencies, the Department of Justice, and the Commodity Futures Trading Commission. For instance, Britain’s financial oversight agency blocked Binance from any regulatory transactions in that country, while Japanese regulators asserted the exchange was operating there illegally. 28 how it would support Flare’s Songbird (SGB) Airdrop Program for XRP holders on its platform.īinance has come under intense regulatory scrutiny of late. It’s worth noting that the global Binance group announced on Oct. Binance.US is an American partner of Binance, the world’s largest cryptocurrency exchange by trading volume. Shroder replaced former CEO of Binance.US – Brian Brooks – who resigned in August after only three months in the role. Details still have to be ironed out as he stated in this follow-up message.
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