Richard TengBinance’s CEO highlights the growth of major cryptocurrency exchanges over its eight years of existence. in post With X, Teng celebrated everyone who believes in exchange resilience and projects.
Despite regulatory crackdowns, Binance’s global reach
In particular, Teng has highlighted Binance’s remarkable resilience since its launch in 2017. Crypto exchanges face many regulatory hurdles in various countries and regions where they have attempted to operate.
It also survived several bear markets within the last eight years. Most importantly, major leadership changes. This includes the departure of founder Changpeng Zhao.
Given the circumstances surrounding Zhao’s exit, several other entities may not have been able to move seamlessly under new leadership. One of Teng’s challenges after taking over was A set of regulations repression.
Teng says despite many regulatory crackdowns, Binance currently operates in more than 50 countries. The exchange has a diverse global workforce, including employees in these countries, and a decentralized operational structure.
Resilience for 8 years. Eight Binansians.
2017-2025, what started with a small number of Binansians is now:
🌎National teams over 50 years old
Crypto’s remote first reader
Nevery is a testament to the resilience of the market cycleRead about their journey ⤵️https://t.co/ae8rmeskoa
– Richard Ten (@_richardteng) July 16, 2025
Interestingly, Binance operates without an official headquarters and is the “remote first leader of Crypto.” This appears to be consistent with the principles of decentralization expressed by Crypto. It suggests adaptability to modern operational structures.
Zhao’s departure and leadership change
A post from Richard Teng celebrates a journey of vinance from a small beginning, which was a team of eight cores. The team, led by Changpeng Zhao as the founder, has now grown into a multi-billion dollar exchange.
As Reported by U.TodayZhao also shares insights into the secrets behind Binance’s success in the Crypto industry. The founders of the exchange emphasized the importance of “working hard” day and night, and the sacrifice of comfort to ensure progress.
Zhao is considered one of the most successful entrepreneurs, but he had to resign as Binance CEO as part of a ruling bargain for violating US security and anti-money laundering laws.
The community has responded positively to Binance’s 8th birthday using X-user Bravetom, calling the milestone “an incredible progress.”
