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The number of Binance users has exceeded 170 million, the head of the exchange said. The head of the Binance cryptocurrency exchange, Richard Teng, said the number of platform users worldwide has exceeded 170 million. Taking to X, he made the announcement. GM – we have crossed 170m global users . Thanks for your support . Keep building #Binance pic.twitter.com/zahRq57PJo — Richard Teng (@_RichardTeng) December 27, 2023 In the post, Teng did not indicate any country specific data. In early August, the founder and former CEO of Binance, Changpeng Zhao, noted that the number of registered users of the world ’s largest crypto exchange reached 150 million. The number of users on the largest American crypto exchange, Coinbase, currently stands at approximately 98 million. This week at #Binance (so far): – Binance Japan officially launched – Binance secured an Operational MVP License in Dubai (first exchange in the world to do so) – 2x new Binan...

During a meeting for VIP clients of the Binance crypto exchange in Singapore, guests learned insider information related to problems with the American authorities. Among the guests was Richard Teng, the future successor to Binance founder Changpeng Zhao, according to several participants who asked not to be identified discussing the private meeting, Bloomberg reported. At the meeting, Binance representatives were directly asked about the details of the company’s legal problems. The assembled traders pressed Binance officials on how much the firm would pay to the U.S. Department of Justice and other U.S. authorities to settle the dispute, including raising the possibility of a $4 billion fine. After speaking with company representatives present at the dinner, some VIP guests were convinced that the firm would pay this amount—an amount that Binance could easily afford. A Binance spokesperson said the description of the event was inaccurate, but declined to specify which aspects ...

Binance is reportedly willing to  accept   voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign , sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary. Binance is ready to accept voluntary resignations It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.  With the crypto winter extended and the regulatory uncertainty in several jurisdictions, the world’s largest exchange had to fire employees. Zhao stated that the layoffs were essential to “increase talent density,” but the company is still hiring for other positions. Reports of voluntary termination offers come when Binance is facing increasing...