Richard TengCEO of Binance Exchange praises users on the platform for their involvement and contributions in building an ecosystem. His thanks was included in a post Celebrating the vinanence that hits 280 million milestones with X.
Binance growth driven by user recruitment, community feedback
Teng emphasized that Binance goes beyond just an exchange of cryptocurrency transactions.
He said it is the recruitment of users that makes exchanges a force to consider in the industry. He explains that each user has their own story and reason for using the exchange, and Binance acknowledges them.
280m Users | 280m Story | Why We Do What We Do 280m Reasons.
All feature requests, all feedback, all success stories make us better.
This is not just about cryptography. It’s about creating something bigger than any of us can build on our own.
– Richard Ten (@_richardteng) August 27, 2025
Teng’s message is that the evolution of exchange over the past eight years has been driven by the community. The feedback Binance received from users helped shape the platform and influenced the wider crypto space.
Binance’s CEO is motivating communities to work with exchanges to position them as a global powerhouse in finance, innovation and community empowerment.
Exchanges continue to receive feedback from the community, but are also involved in proper housekeeping.
Binance was recently published Notifications to stop all support For NEO Legacy Network from mid-October 2025. It also informed the community about its decision to open a transaction for Cyber/USDC, MAV/USDC, and SKL/USDC trading pairs.
Binance enhances security with beacon network collaboration
Beyond that immediate ecosystem, Binance has expressed interest in protecting the crypto space.
In collaboration with TRM Labs, Exchange Beacon Networkan initiative to prevent the proceeds of stolen cryptocurrency funds from being cashed or washed by malicious actors.
The move highlights the seriousness of Binance in tackling security issues in the crypto sector. Once you’ve become more confident in the security of your funds, you may inspire many people to embrace cryptocurrency.
Some such investors may decide to become users of Binance.
