Binance advises countries on Bitcoin reserves

Since agreeing to a $4.3 billion settlement with U.S. authorities, Binance has significantly bolstered its compliance function. Teng noted that roughly 25% of the exchange’s 6,000 employees now work in compliance roles. “We are in a better relationship with regulators than before,” he said, highlighting efforts to secure licenses worldwide.

In a departure from previous leadership, Binance is evaluating the establishment of a formal global headquarters. “It requires serious deliberation,” Teng said, with board members “spending a lot of time” on the decision. Under former CEO Zhao, the firm maintained a decentralized structure, arguing it did not need a central base.