Binance, the global cryptocurrency exchange, is set to establish a global headquarters as it seeks to navigate the increasing regulatory pressures facing the industry. CEO Richard Teng announced the company's plans to find a permanent base, marking a significant shift from its previous stance of operating without a fixed global HQ. This move comes in the wake of a $4.3 billion settlement with U.S. authorities, which Binance's institutional and VIP lead, Catherine Chen, described as a step towards fully embracing regulation. The decision to establish a headquarters is part of Binance's broader strategy to enhance its compliance and transparency efforts, as emphasized by Teng during a recent fireside chat at Paris Blockchain Week. The company is currently in discussions with various jurisdictions to determine the most suitable location for its new headquarters.
Our CEO @_RichardTeng spoke during a fireside chat at the recent Paris Blockchain Week. Richard emphasized our commitment to proactively addressing the challenges of regulation, compliance, transparency and more. Read about it here 👇 https://t.co/QTe247niJr
#Binance's chief executive has shared his company's future direction and areas of focus following its settlement with U.S. authorities. https://t.co/f7nzYS6ieN
Binance’s $4.3B settlement with the U.S. set it up to “fully embrace” regulation, says institutional and VIP lead Catherine Chen. https://t.co/Os0Bhtinnk
New Binance chief stresses importance of compliance https://t.co/0ab08grPt7
BINANCE TO ESTABLISH GLOBAL HEADQUARTERS: CEO RICHARD TENG Binance is breaking its tradition of being based nowhere by establishing a global headquarters, according to CEO Richard Teng. Teng revealed the company is in talks with various jurisdictions to determine its new home… https://t.co/31fNQ6gPhW
More views in HK blockchain week - Bitcoin advertisements from compliance agencies everywhere - Hottest topics were AI and Bitcoin L2 - Binance was absent, with only BNBChain participating - Vitalik gave a speech suddenly, and Hashkey announced exchange L2, but almost no major L2… https://t.co/tPmaewyjRM
BREAKING: Binance will finally establish a global HQ as regulatory pressure mounts, chief Richard Teng says https://t.co/CBDYZXmDWP
Binance CEO says exchange is weighing up a few jurisdictions for selecting its headquarters https://t.co/9FFQPxwh1Z