. Binance’s Regulatory Shift Under New CEO Richard Teng**
- After a $4.3 billion settlement with U.S. regulators in late 2023, Binance has repositioned itself as a compliant, institution-friendly platform under CEO Richard Teng .
- The exchange has expanded to **265 million users** (up from 170 million in 2024) and is now licensed in **21 jurisdictions**, including Japan, Australia, and the UAE .
- Teng credits the **Trump administration** for fostering a pro-crypto environment, contrasting with past regulatory crackdowns .
### **2. Binance’s Trading Dominance and Market Share**
- Binance remains the **largest crypto exchange by volume**, handling tens of billions in daily trades and holding **40% of global market share** .
- Its **low fee structure** (0.10% spot trading, discounts with BNB) and **advanced trading tools** (futures, options, OCO orders) keep it a top choice for traders .
### **3. Binance.US Struggles and Comeback Plans**
- Binance.US faced **SEC lawsuits** in 2023, forcing it to pause USD services and operate as crypto-only .
- The platform aims to **restore USD deposits/withdrawals in early 2025** and expand offerings, including **0% fee Bitcoin trading** (BTC/USDC) .
### **4. New Product Launches**
- Binance introduced **reward-bearing assets for futures markets** (e.g., LDUSDT), allowing traders to earn yields on positions .
- The exchange continues to innovate in **AI-driven compliance and security**, with over **1,300 compliance staff** now onboard .
### **5. Controversies and Challenges**
- **Nigeria detained Binance executives** over tax evasion allegations, though one was later released .
- An employee was **suspended for misconduct** in a trading probe, highlighting internal scrutiny .
### **6. Bullish Market Predictions**
- CEO Richard Teng forecasts a **new crypto all-time high in 2025**, citing clearer U.S. regulations under Trump and growing institutional interest .
- Bitcoin surpassed **$100,000 in 2024**, and Teng expects further gains as ETFs drive more users to crypto platforms like Binance .