Binance CEO believes the company does not need to go public and should focus on global expansion

ChainCatcher news, Binance CEO Richard Teng has focused on transitioning the company from founder-led to board-led since taking over last year. He has made it clear that Binance's current financial situation is stable and there are no plans for an IPO.

Teng emphasized that the company is strengthening its relationships with global regulators to ensure sustainable development for the next 50 to 100 years. Despite the former CEO CZ being sentenced for violating U.S. laws and stepping down from company management, Binance's co-founder He Yi still plays an important role in the management team. Currently, Binance does not plan to expand into the U.S. market but is focusing on business development in the global market.