Binance CEO: Binance points the way for industry participants, and peers should learn from their mistakes

Richard Teng, CEO of Binance, said in a post that Binance has pointed the way forward for other industry players and learned from Binance's experience to avoid the many setbacks and injuries that Binance has suffered along the way. Over the past few years, Binance has invested heavily in strengthening compliance and security programs and personnel, with the goal of making Binance the industry gold standard in these areas, from proposing a unified trust-building framework for all centralized cryptocurrency exchanges to open-source proof of reserve (POR) system code, Binance has developed initiatives designed to allow blockchain and Web3 business partners to participate widely. Richard Teng called on his peers to learn from Binance's mistakes, not to repeat them, and not to be a small boat waiting for the tide to rise, but to follow the trend.