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Richard Teng, the CEO of Binance exchange, has praised users on the platform for their engagement and contribution to building the ecosystem. His appreciation was contained in a post on X to celebrate Binance hitting the 280-million-user milestone.
Binance growth driven by user adoption, community feedback
Teng emphasized that Binance was beyond being just an exchange for cryptocurrency transactions.
He said it is users’ adoption that makes the exchange a force to be reckoned with in the industry. He explained that each user has their own stories and reasons for using the exchange, and Binance acknowledges them.
Teng’s message is that the exchange’s evolution over the past eight years is driven by its community. The feedback that Binance receives from users has helped shape the platform to make an impact in the broader crypto space.
The Binance CEO is motivating the community to continue to collaborate with the exchange to position it as a global powerhouse in finance, innovation and community empowerment.
While the exchange continues to take feedback from its community, it has also engaged in proper housekeeping.
Binance recently issued a notice to stop all support for the Neo Legacy Network beginning mid-October 2025. It also notified the community of its decision to open trading for CYBER/USDC, MAV/USDC and SKL/USDC trading pairs.
Binance strengthens security with Beacon network collaboration
Beyond its immediate ecosystem, Binance has shown interest in safeguarding the crypto space.
In collaboration with TRM Labs, the exchange is a founding member of the Beacon network, an initiative meant to prevent proceeds of stolen crypto funds from being cashed or laundered by malicious actors.
The move highlights Binance’s seriousness in tackling security issues in the crypto space. It might inspire more people to embrace cryptocurrency once they become confident of the safety of their funds.
Some such investors might decide to become users on Binance, further increasing their adoption figures.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team