Binance CEO Richard Teng Reflects on 8 Years of Growth, Talks AI, Security, and What’s Next
Key Takeaways:Richard Teng held a live AMA on June 24, 2025, drawing 100K+ viewers ahead of Binance's 8-year anniversary.Topics included transparency, AI, UX upgrades, institutional adoption, and building a safer crypto ecosystem.Teng revealed Binance now serves nearly 280 million users, with institutional usage surging in 2024.Binance remains committed to user-first innovation, security, and long-term crypto growth.In a milestone live AMA on Binance Square, held June 24 ahead of the exchange’s 8-year anniversary, CEO Richard Teng addressed a global audience of over 100,000 viewers, sharing insights on Binance’s evolution and future roadmap.From AI innovation and product design to institutional adoption and user safety, Teng’s comments highlight Binance’s ambition to remain the industry leader while prioritizing transparency and community engagement.1. On Binance’s Longevity and User Growth“We’re approaching 280 million registered users globally,” Teng revealed. “Binance has always been user-first. That philosophy has guided us through every challenge across the past eight years.”He emphasized Binance’s resilience in the face of global regulatory pressures, evolving technologies, and rising competition.2. Proof-of-Reserves and TransparencyTeng reiterated Binance’s commitment to monthly Proof-of-Reserves reports, enhanced with zk-SNARKs, allowing users to independently verify the exchange’s solvency.“Transparency builds trust. It’s not a checkbox — it’s peace of mind in a volatile space.”3. UX Redesign with AI PersonalizationBinance recently rolled out a Pro app homepage redesign, incorporating customizable widgets and AI-powered insights for a more intuitive trading experience.“We’re giving users more control and confidence by simplifying complex tools,” Teng said.4. Crypto Meets AI: Tools for Retail TradersTeng spoke at length about the transformative power of AI, particularly in leveling the playing field for retail users.“AI now gives everyday traders access to tools once reserved for institutions — from market analysis to strategy optimization. It’s empowering and democratizing crypto.”He also pointed to AI’s role in fraud detection, KYC enhancement, and real-time risk monitoring as key improvements for user protection.5. Institutional Adoption and Binance’s PositioningBinance saw a 116% increase in VIP users and 97% growth in institutional accounts in 2024 alone, signaling the mainstreaming of crypto finance.“We’ve built institutional offerings like Binance Fund Accounts and Binance Wealth to meet the unique needs of asset managers, family offices, and funds,” Teng said.He credited the recent crypto ETF wave and increasing regulatory clarity for driving new capital inflows.6. Building a Safer Crypto EcosystemTeng highlighted Binance’s $1B Secure Asset Fund, along with its 9-level anti-scam framework, partnerships with global law enforcement, and educational tools for wallet security and 2FA.“Security is a shared responsibility. We lead with proactive defense and global collaboration.”Final Words: A Community-Driven Future“As we celebrate eight years of Binance, I want to thank our 280 million users. Your trust and engagement fuel our mission every day,” Teng concluded. “Crypto isn’t just tech — it’s what it enables: freedom, access, and global inclusion.”
