Binance Registered Users Surpass 178 Million, Records Net Inflows Exceeding $3 Billion in the Past 3

Binance's newly appointed CEO, Richard Teng, has released a letter titled “A Letter from the CEO: Leading Binance's First 100 Days,” wherein he emphasized ensuring and upholding Binance's user-centric principle across the entire business as a top priority since assuming office. As of now, Binance has amassed over 178 million registered users and recorded net inflows exceeding $3 billion from the end of November to the end of February, surpassing other competitors. On the institutional front, Binance has successfully initiated and executed the first-ever crypto industry bank tripartite arrangement, where institutional investors' trading collateral is held by third-party banking partners in a regulatory-compliant manner. Over the past three months, Binance has made significant progress in licensing and authorization negotiations, and the completion of a comprehensive and independent SOC 2 Type II compliance audit has confirmed the effective design and implementation of control measures for system protection and data security on Binance's global platform.