Richard Teng, the chief govt officer (CEO) and the world’s largest cryptocurrency buying and selling platform Binance, has taken to his official account on the X social media community (extensively well-known as Twitter prior to now) to reaffirm the issues Binance to give attention to this 12 months.
Teng shares issues Binance to give attention to in 2025
He said that the issues Binance focuses on stay clear, enumerating them for the crypto group: “Steady training. Enhanced consumer safety. Main compliance requirements.”
Our focus stays clear:
🔸 Steady training
🔸 Enhanced consumer safety
🔸 Main compliance requirements— Richard Teng (@_RichardTeng) February 4, 2025
Earlier this week, Binance’s boss shared his suggestions on tips on how to survive the present cryptocurrency market crash.
Binance CEO shares key recommendation on crypto markets
On Monday, Binance chief govt tweeted that it’s regular for merchants to panic throughout market volatility and sudden sell-offs. He reminded the group that the present market decline isn’t the primary one within the historical past of crypto and “it gained’t be the final one.”
Addressing the Binance group, he shared three key items of recommendation on tips on how to survive the present market crash. As Bitcoin first crashed by 9% on Monday after which once more by 3.65% at present after a ten% restoration, Richard Teng stated that it is very important keep in mind that the market downsize is momentary since it really works in cycles just like conventional markets.
The excellent news is that per Teng the general trajectory of the crypto market has been focused on progress.
The second piece of recommendation is that now’s the proper time to “construct and be taught”, when markets fall, in accordance with Teng. The CEO believes that now is an ideal time to work on creating new merchandise, bettering technical expertise, finding out new initiatives, and so on.
The ultimate commentary shared by the Binance boss with the group is that because the “crypto market matures, volatility will grow to be much less of a priority.” Throughout this market downturn, digital belongings achieve utility worth, he identified.
Bitcoin recovers after at present’s fall
The world’s bellwether cryptocurrency Bitcoin has regained 1.55% and is altering palms at $99,800. That small rebound passed off after a 3.72% decline suffered by BTC after China carried out tariffs on US imports, mirroring an identical motion from the US on Saturday.
President Trump additionally imposed tariffs on imports from Mexico and Canada. Nevertheless, after negotiations, he suspended these tariffs for a month to start with.
