Binance Named Top Crypto Infrastructure Provider in 2024 Asia FinTech List
Fortune Asia has named leading crypto exchange Binance as the top crypto infrastructure provider in its inaugural 2024 Asia FinTech Innovators list. Binance ranked first in the 'Blockchain and Crypto Category,' highlighting its pioneering role in the evolving crypto landscape.
The 2024 Asia FinTech Innovators list includes 60 dynamic companies in Asia's financial services sector, evaluated based on innovations, advanced technologies, market updates, financial performance, regulatory compliance, scalability, security measures, and unique features that enhance consumer experience.
Binance currently serves over 238 million users and is the largest blockchain ecosystem globally by crypto trading volumes. Vishal Sacheendran, Head of Regional Markets at Binance, stated:
“We’re honored to be recognized by Fortune as Asia’s leading innovator in blockchain and crypto. This recognition highlights our dedication to pushing the boundaries of blockchain technology, fostering trust and security within the ecosystem, and ultimately providing our users with reliable and innovative fintech solutions. Asia has been at the forefront of our growth, and we remain committed to delivering impactful solutions tailored to the region’s unique needs and opportunities.”
Binance is focused on expanding financial freedom worldwide, aiming to empower individuals to access, manage, and grow their financial assets freely.
Key Developments in the Binance Ecosystem
Despite facing regulatory challenges this year, the Binance ecosystem continues to advance. Founder Changpeng Zhao (CZ) is out of prison and planning new market projects. In a recent Bloomberg interview, CZ stated he does not intend to return to the company, saying:
“I don’t think I want to go back. I’ve been leading the company for seven years. I enjoyed it. It’s a lot of work. But I think that chapter is that chapter.”
Zhao mentioned receiving offers to sell his substantial stake in Binance, which represents most of his wealth, but did not disclose the identities of potential buyers or proposed amounts. Reports indicate that Zhao holds a 90% stake in the company.