In a blog post reviewing his first year as CEO of Binance, Richard Teng said that the Binance platform now serves more than 240 million users around the world and protects more than $130 billion in user assets. In 2024, Binance's institutional occupancy rate more than doubled from the previous year, demonstrating the growing trust of professional investors in Binance's platform and services. It has become the first centralized cryptocurrency exchange with a combined spot and derivatives trading volume exceeding $100 trillion. In addition, Binance has been strengthening its workforce, welcoming 1,600 new employees in the past year, with a particular focus on world-class compliance talent. These figures not only highlight the resilience of Binance and cryptocurrencies, but also the maturity and acceptance of the market. From January to mid-November 2024, Binance responded to more than 55,700 law enforcement requests, served more than 13,800 registered officers, provided law enforcement with effective assistance in dozens of investigations, and conducted more than 200 training sessions to improve the ability of crime fighters to respond more effectively to cryptocurrency-related threats.