Binance's new CEO's first open letter: Today, Binance is stronger than ever before.

On November 27th, Richard Teng, the new CEO of Binance, published his first open letter since taking office on the Binance official blog. In the letter, he stated that his responsibility is to lead the talented and dedicated team of Binance towards the future while respecting the past and summarizing the experience. Richard Teng stated that "user-focused" is the DNA of Binance. Binance not only continues to operate the world's largest cryptocurrency exchange platform, but also has no debt in its capital structure, reasonable expenses, and despite low transaction fees charged to users, Binance still has considerable revenue and profits. In addition, Binance has always adhered to its responsibility as a custodian and provides 1:1 fund support for each user's assets. Finally, Richard Teng stated that he will firmly fulfill the promise of blockchain, such as advocating inclusive finance, reducing the cost of cross-border remittance transactions, etc. For this reason, he will firmly promote the growth and application of Web3, and continue to work hard to establish an ecosystem that provides revolutionary financial technology.