Crypto: Here’s How Binance Is Preparing For The Bull Run!
GARY
As global adoption of cryptocurrencies accelerates, Binance reinforces its commitment to compliance. By increasing its compliance staff by 34% by the end of 2024, the company is preparing to meet the growing demands of the industry, thereby ensuring the protection of its 240 million crypto users worldwide.
Binance increases its compliance staff: an anticipation of the Bull Run?
Binance plans to increase its compliance staff to 645 employees by the end of the year, representing a growth of 34% between November 2023 and the end of 2024. Currently, the company of Changpeng Zhao employs over 1,000 compliance staff and contractors. Moreover, the risk management team is about to reach its target for 2024, with 137 of the 138 planned members already in place. Although Binance has quantitative goals, the main focus remains on quality.
This expansion of the compliance staff is a direct response to the growing demand from crypto users. By strengthening its team, Binance ensures that it remains compliant with international regulations and protects its users from risks.
Binance’s commitment to compliance and risk management demonstrates its willingness to lead the crypto industry towards sustainable and responsible growth. By attracting top-level experts and increasing its resources, Binance is preparing to navigate an increasingly complex regulatory landscape and meet the high expectations of its users.
Resilience despite the challenges of the crypto industry
Despite the strict new rules imposed by the SEC, Binance continues to stand strong and challenge regulatory obstacles. The company remains determined to navigate this complex landscape, demonstrating its resilience and commitment to its users and the crypto industry. Hoping, of course, that the new head of the SEC, after Gary Gensler’s departure in January 2025, will be less strict towards the cryptocurrency industry.
In summary, the significant increase in Binance’s compliance staff reflects its commitment to maintaining the highest standards of security and compliance in the crypto industry. All of this, while supporting responsible and sustainable growth of the ecosystem.
