Binance co-founder He Yi revealed the alternate’s technique to handle “zombie cash” and preserve competitiveness throughout a latest Twitter House hosted by Binance Chinese language.
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— 币安Binance华语|Web3钱包已上线 (@binancezh) June 13, 2024
With goals to succeed in 1 billion customers, Binance has just lately quadrupled its person base to 200 million within the final two years, and this information coincides with ongoing sturdy person progress.
Yi mentioned how Binance usually evaluates each cryptocurrency listed on its platform, specializing in liquidity, improvement stage, and any unfavourable data. Regardless of assembly these necessities, cryptocurrencies obtain monitoring labels.
This methodical method ensures that solely sturdy and reliable cryptocurrencies are actively traded on the platform. Binance has additionally established a selected division answerable for these ongoing monitoring duties to take care of the integrity of its listings.
Turning to broader operational plans, He Yi emphasised Binance’s dedication to preserving competitiveness and regulatory compliance.
This contains strict KYC (Know Your Buyer) procedures, thorough due diligence, and complete threat assessments. Though probably extra stringent than some rivals’, these procedures are important to guaranteeing the safety and dependability of the platform.
According to these ways, He Yi mentioned Binance’s proactive technique of modifying its product choices in response to person suggestions and market calls for. For instance, Binance is now investing extra within the inscription subject for its Web3 pockets to handle person wants and market modifications. This motion demonstrates Binance’s dedication to assembly person wants and frequently bettering its companies.
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