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Binance, the world's largest cryptocurrency exchange, has significantly expanded its compliance department in 2024, growing by 34% year-over-year. This expansion reflects a strategic shift towards a more serious regulatory approach under the leadership of new CEO Richard Teng. The compliance team is expected to reach 645 full-time staff by December, with over 1,000 employees already focused on compliance. This move comes in the wake of a $4.3 billion settlement and aims to foster sustainable growth in the crypto industry, which is approaching its first billion users, according to Teng, with Binance already boasting over 240 million users.
The crypto industry may be approaching its first billion users, says Binance CEO @_RichardTeng. With 240M+ users already on board, @binance is among the platforms preparing for this next wave of adoption. https://t.co/O6WDDDLpnV
BINANCE LEVELS UP ITS COMPLIANCE GAME Binance's ramping up its compliance staff by 34% YoY—expecting 645 full-timers by December; over 1,000 compliance-focused employees are already on deck. New CEO Teng's been all in on cleaning up the exchange since CZ stepped down: top hires… https://t.co/HvMK78CKv6
BINANCE’S COMPLIANCE STRATEGY FOR SUSTAINABLE GROWTH Binance’s compliance team is growing 34% YoY, with plans for 645 full-time staff; the move reflects a more serious regulatory approach under new CEO Richard Teng—especially after the $4.3B settlement. Binance is hiring… https://t.co/VfwhAd1Joo
