TLDR
- Binance hosted a live AMA session with CEO Richard Teng to celebrate reaching 200 million users
- The AMA discussed Binance’s rapid growth, regulatory challenges, and future plans
- Binance plans to increase engagement on X (formerly Twitter) and integrate AI into operations
- Teng addressed regulatory issues in Nigeria, India, and other regions, highlighting efforts to resolve them
- Binance is holding local events and a 100 BNB giveaway to celebrate the 200 million user milestone
Binance, the world’s leading cryptocurrency exchange, has reached a remarkable milestone of 200 million registered users.
To celebrate this achievement, the company hosted a live AMA (Ask Me Anything) session with CEO Richard Teng, where users had the opportunity to engage directly with the company’s leadership.
During the AMA, Teng expressed gratitude to Binance’s users for their role in achieving this milestone. He highlighted the platform’s rapid growth, reaching 200 million users in just 26 months, which is twice as fast as the previous milestone of 100 million users, which took five years to achieve.
One of the key topics discussed during the AMA was Binance’s future growth plans and strategies. Teng mentioned that the company is always on the lookout for good projects to onboard to the BNB Chain, its blockchain ecosystem.
He affirmed plans to increase engagement on X, the social media platform formerly known as Twitter.
Live AMA starts in 20 minutes on @binance. See you there! 🤝 https://t.co/mDBz1vD90i
— Richard Teng (@_RichardTeng) June 12, 2024
Teng also addressed the topic of digital transformation and the integration of artificial intelligence (AI) into Binance’s operations. He stated that the company had discussed AI adoption and believes it is inevitable, whether in marketing or customer service.
Regulatory challenges were also a significant part of the discussion. Teng addressed the situation in Nigeria, where many Binance products have become unavailable for Nigerian users due to regulatory issues.
He expressed the company’s desire to find a way to resolve the crisis and strike a balance with the Nigerian government.
The AMA also touched upon the case of Tigran Gambaryan, a former Binance executive who was detained in Iran. Teng expressed hope for a fruitful outcome and prioritized Gambaryan’s reunification with his family.
Regarding India, Teng addressed concerns about having the Binance app available on app stores and play stores, following their FIU approval in India. He mentioned that the team is working on entering various Asian countries soon.
Teng also commented on Binance’s token listing process, stating that they consider community engagement, use cases, regulatory compliance, and a comprehensive assessment of every project before listing.
To further celebrate the 200 million user milestone, Binance is holding local events and a 100 BNB giveaway. The celebration will take place from June 14, 2024, to June 16, 2024.
During this period, attendees at local events can participate in a contest to win a share of 100 BNB by capturing and sharing photos or videos on social media platforms with the hashtag #Binance200M.
