幣安在執行長滕騰的領導下在法律挑戰中實現轉型發展

在面臨美國當局的法律挑戰後，全球最大的加密貨幣交易所幣安在首席執行官理查德·滕（Richard Teng）的領導下做出了重大改變，以加強其在日益激烈的競爭中的地位。

Binance's Transformative Evolution Under CEO Richard Teng

幣安在執行長理查德·騰 (Richard Teng) 的領導下實現轉型發展

In the wake of intense legal scrutiny from United States regulators, the world's largest cryptocurrency exchange, Binance, has undergone significant changes to bolster its position amid a swarm of emerging rivals.

在美國監管機構嚴格的法律審查之後，全球最大的加密貨幣交易所幣安進行了重大變革，以鞏固其在眾多新興競爭對手中的地位。

The Richard Teng Era at Binance

幣安的鄧理查時代

As reported by Coin68, 2023 concluded with a colossal $4.3 billion settlement between Binance and US authorities, accompanied by an array of compliance stipulations and the resignation of founder Changpeng Zhao as CEO.

根據 Coin68 報道，2023 年，幣安與美國當局達成了 43 億美元的巨額和解，並提出了一系列合規規定，創始人趙長鵬辭去首席執行官職務。

Many viewed this development as a setback for Binance, burdened by a hefty fine and ongoing legal quandaries. However, it also marked a pivotal juncture in the history of cryptocurrencies, signaling the end of an era characterized by the ideal of "borderless crypto."

許多人認為這一事態發展對幣安來說是一次挫折，幣安面臨巨額罰款和持續的法律困境。然而，它也標誌著加密貨幣歷史上的關鍵時刻，標誌著以「無國界加密」理想為特徵的時代的結束。

Binance has entered a new chapter under the leadership of Richard Teng, a former compliance executive with a proven track record in regulatory adherence.

幣安在前合規主管 Richard Teng 的領導下進入了新的篇章，在遵守監管方面擁有良好的記錄。

Almost half a year has elapsed since then, and the crypto market of 2024 presents a starkly different landscape compared to the end of 2023. How has Binance evolved and transformed under this new CEO's stewardship?

時間過了近半年，2024 年的加密貨幣市場與 2023 年底相比呈現出截然不同的面貌。

Surging Launchpads and Listings

激增的啟動板和列表

One of the most visible changes is the accelerated pace of new listings, with a higher frequency than in the previous period. Notably, during this time, Binance has largely separated futures and spot listings, with several coins debuting futures trading without simultaneous spot listings.

最明顯的變化之一是新上市步伐加快，頻率比上一時期更高。值得注意的是，在此期間，幣安基本上將期貨和現貨上市分開，有幾種代幣首次亮相期貨交易，但沒有同時上市。

In fact, opening futures pairs without corresponding spot listings has become commonplace on other exchanges, but it was only under the new Binance CEO's leadership that this strategy was adopted to attract more traders seeking leveraged trading opportunities.

事實上，在其他交易所，開放期貨對而沒有相應的現貨上市已經很常見，但只是在新任幣安首席執行官的領導下，才採用這一策略來吸引更多尋求槓桿交易機會的交易者。

Binance remains a trading platform, and amidst the decline in its market share towards the end of 2023, it is unsurprising that the exchange has emphasized trading features to entice users.

幣安仍然是一個交易平台，在 2023 年底市場份額下降的情況下，該交易所強調交易功能來吸引用戶也就不足為奇了。

Launchpool and Token Listing Schedule

Launchpool和代幣上市時間表

As illustrated in the image below, Binance has ramped up launchpool projects and subsequent token listings since 2024. This strategy serves the dual purpose of retaining users and supporting the price of the exchange's native token, BNB.

如下圖所示，自 2024 年以來，幣安不斷增加啟動池專案和後續代幣上市。

Questions Over Insider Trading and Information Leaks

內線交易和資訊外洩問題

As Coin68 reported on February 5, 2024, following the listing of Ronin Network's RONIN token on Binance, there was widespread speculation regarding the coin's continuous price decline, particularly allegations of insider trading through prior knowledge of the listing date.

正如 Coin68 於 2024 年 2 月 5 日報的那樣，Ronin Network 的 RONIN 代幣在幣安上市後，人們普遍猜測該代幣的價格持續下跌，尤其是透過事先了解上市日期進行內幕交易的指控。

Shortly after Binance's listing announcement, an account suspected to have sold off $1 million worth of RONIN on OKX, causing the coin's price to plummet from around $3.5 to $2.7.

幣安宣布上市後不久，一個帳戶涉嫌在 OKX 上出售了價值 100 萬美元的 RONIN，導致該代幣的價格從 3.5 美元左右暴跌至 2.7 美元。

Prior to this incident, a Binance wallet had reportedly accumulated 138,000 RON since January 26, sparking speculation of an imminent listing.

據報道，在此事件之前，幣安錢包自 1 月 26 日以來已累積 138,000 RON，引發了即將上市的猜測。

Ultimately, Binance co-founder Yi He addressed the matter, announcing adjustments to information disclosure practices around listings. Specifically, He stated that in future, if listing information for a coin is leaked externally, the listing for that coin will be canceled.

最終，幣安聯合創始人何一解決了這個問題，並宣布調整上市資訊揭露做法。具體來說，他表示，未來，如果某個幣種的上幣資訊被外部洩露，該幣種的上幣資訊將被取消。

A Flurry of New Products

一系列新產品

Another noticeable strategy has been the launch of numerous new products and services. In the past six months alone, Binance has introduced:

另一個值得注意的策略是推出許多新產品和服務。僅在過去六個月中，幣安就推出了：

• Futures NEXT: A platform that allows users to predict which tokens will be listed with USDT futures pairs on Binance. This is an entirely novel concept in the current exchange landscape.
• Megadrop: A platform for releasing new tokens, integrated with Binance Simple Earn and Binance Web3 Wallet, offering users a revamped airdrop experience.
• Copy Trade Spot: A feature that enables Binance users to automatically replicate the trading orders of qualified professional traders known as Pro Traders.

Binance Labs Gains Autonomy

Futures NEXT：一個平台，讓用戶預測哪些代幣將在 Binance 上與 USDT 期貨對一起上市。這在當前的交易環境中是一個全新的概念。 Binance 用戶能夠自動複製合格專業交易者（稱為 Pro Traders）的交易訂單。

In March, Bloomberg reported that Binance had quietly separated its $10 billion venture capital and incubator arm, Binance Labs, early in the year.

3 月份，彭博社報道稱，幣安已於今年年初悄悄剝離了其價值 100 億美元的創投和孵化器部門 Binance Labs。

Alex Odagiu, Binance Labs' Investment Director, explained that the fund had become an independent entity and severed certain ties with the Binance Group. Binance Labs staff now have separate contracts from exchange employees, mirroring the structure of BNB Chain, the Binance-backed blockchain platform.

幣安孵化器投資總監 Alex Odagiu 解釋說，該基金已成為一個獨立實體，並切斷了與幣安集團的某些聯繫。幣安實驗室員工現在與交易所員工簽訂了單獨的合同，反映了幣安支持的區塊鏈平台 BNB Chain 的結構。

Notably, Binance Labs is led by Yi He, the co-founder and rumored mastermind behind Binance. The venture capital arm is primarily funded by exchange profits and has been an active supporter of early-stage cryptocurrency projects.

值得注意的是，幣安實驗室由何一領導，他是幣安背後的共同創辦人和傳聞的幕後策劃者。這個創投部門主要由外匯利潤資助，並且一直是早期加密貨幣計畫的積極支持者。

Binance Labs serves as both a venture capital investor and an incubator, operating programs focused on startups building on BNB Chain, namely the Incubation Program and the MVB Accelerator Program.

幣安孵化器既是風險資本投資者，也是孵化器，營運專注於基於 BNB 鏈的新創公司的項目，即孵化項目和 MVB 加速器項目。

Since its inception, Binance Labs' portfolio has grown to encompass 250 projects across 25 countries, with a 14x return on investment. Binance Labs' Web3 investments have led to notable support for ventures such as Optimism, LayerZero, Celestia, Aptos, Mysten Labs, and Trust Wallet. The fund's assets currently stand at over $10 billion in book value.

自成立以來，幣安孵化器的投資組合已發展到涵蓋 25 個國家的 250 個項目，投資報酬率達到 14 倍。 Binance Labs 的 Web3 投資為 Optimism、LayerZero、Celestia、Aptos、Mysten Labs 和 Trust Wallet 等企業帶來了顯著的支持。目前該基金資產的帳面價值超過 100 億美元。

Tensions with Nigerian Authorities

與尼日利亞當局的緊張關係

Regulatory hurdles continue to pose challenges for the exchange. Fresh from its settlement with US authorities, Binance has encountered further difficulties in Nigeria.

監管障礙持續為交易所帶來挑戰。幣安剛與美國當局達成和解，在奈及利亞又遇到了更多困難。

In February 2024, media outlets reported that Nigerian authorities had detained two Binance employees for questioning in an investigation targeting the exchange. These individuals held American and British passports and had their passports confiscated by Nigeria's Department of State Security.

2024 年 2 月，媒體報道稱，奈及利亞當局在針對幣安交易所的調查中拘留了兩名幣安員工進行訊問。這些人持有美國和英國護照，並被尼日利亞國家安全部沒收。

Nigeria has been facing foreign reserve challenges and is reportedly taking measures to curb the outflow of funds, including increased taxes on foreign workers and closer scrutiny of cryptocurrency transactions. Binance, unfortunately, became the first casualty of this crackdown.

奈及利亞一直面臨外匯存底挑戰，據報道正在採取措施遏制資金外流，包括增加對外國工人的稅收和對加密貨幣交易進行更嚴格的審查。不幸的是，幣安成為這次打擊行動的第一個受害者。

Subsequently, in March, Nigeria accused Binance of "indirectly" causing losses to the country and demanded that the exchange provide user data and transaction histories.

隨後，3月份，奈及利亞指責幣安「間接」對該國造成損失，並要求該交易所提供用戶資料和交易歷史。

Despite efforts at negotiation, the authorities remained unyielding, accusing Binance of tax evasion and vowing to prosecute the two detained employees. The industry continues to monitor these developments with bated breath.

儘管努力進行談判，當局仍然不屈服，指責幣安逃稅，並誓言起訴這兩名被拘留的員工。業界持續屏息以待關注這些發展。

Obstacles in Other Markets

其他市場的障礙

Beyond the United States and Nigeria, Binance has also faced hurdles in other jurisdictions.

除了美國和奈及利亞之外，幣安在其他司法管轄區也面臨障礙。

In its bid to expand its user base, the exchange has employed a strategy of market penetration through acquisitions or mergers with licensed local exchanges. However, this approach has not always been smooth sailing.

為了擴大用戶群，該交易所採取了透過收購或與當地持牌交易所合併的市場滲透策略。然而，這種做法並不總是一帆風順。

• Russia: CommEX, a trading platform suspected to be affiliated with Binance, announced its closure after operating for only a few months following its acquisition.
• Hong Kong: HKVAEX, an exchange reportedly linked to Binance, announced its permanent closure effective from May 1.
• South Korea: Binance is reportedly seeking to reduce its stake in the GOPAX exchange due to regulatory concerns raised by authorities.
• Philippines: Binance continues to face legal challenges in this jurisdiction. In March, the Philippine SEC officially blocked access to Binance for operating without a license.
• India: Local media outlets have reported that Binance is willing to pay a $2 million fine to re-enter the Indian market.

First-Ever Board of Directors

俄羅斯：疑似與幣安有關聯的交易平台 CommEX 在被收購後僅運營幾個月後宣布關閉。據報道，由於當局提出的監管問題，幣安正在尋求減少其在GOPAX 交易所的股份。 3 月份，菲律賓 SEC 正式封鎖幣安無證經營。

In another unexpected move, Binance established its first-ever Board of Directors in its seven-year history.

另一個出乎意料的舉動是，幣安成立了七年歷史上的首個董事會。

The board currently comprises four internal members from Binance, including:

董事會目前由幣安的四名內部成員組成，包括：

• Binance CEO Richard Teng
• Heina Chen – a powerful executive without a designated title, known as the "right-hand woman" of former CEO CZ
• Jinkai He and Lilai Wang – other long-standing executives within the exchange

The remaining three members are external figures:

幣安首席執行官滕海娜（Richard Teng Heina Chen）——一位無名無實的高管，被稱為前首席執行官何晉凱的“得力助手”；王利來——交易所內的其他長期高管；其餘三名成員均為外部人物：

• Gabriel Abed – former Barbadian ambassador to the UAE
• Arnaud Ventura – Managing Director at Gojo & Co. Fund
• Xin Wang – CEO of Bayview Acquisition Corp.

Gabriel Abed has been appointed as the Chairman of the Board. Notably, there is no representation from Yi He, who is widely regarded as the current mastermind behind the exchange.

Gabriel Abed – 前巴貝多駐阿聯酋大使Arnaud Ventura – Gojo & Co 董事總經理。 FundXin Wang – Bayview Acquisition Corp 執行長。值得注意的是，被廣泛認為是該交易所當前幕後策劃者的何一並沒有發表任何聲明。

Additionally, the exchange has conducted a review of its US customers as requested by regulators.

此外，該交易所還根據監管機構的要求對其美國客戶進行了審查。

**SAF

**新加坡武裝部隊