Loading...
Market
How many compliance staff will Binance have by end of 2025?
3
Resolution / Starting Odds
Less than 700 • 25%
700-800 • 25%
800-900 • 25%
Over 900 • 25%
Binance's official HR or corporate announcements
Story
Binance Expands Compliance Team by 34% Amid $4.3B Settlement
Nov 22, 2024, 11:26 AM
Binance, the world's largest cryptocurrency exchange, has significantly expanded its compliance department in 2024, growing by 34% year-over-year. This expansion reflects a strategic shift towards a more serious regulatory approach under the leadership of new CEO Richard Teng. The compliance team is expected to reach 645 full-time staff by December, with over 1,000 employees already focused on compliance. This move comes in the wake of a $4.3 billion settlement and aims to foster sustainable growth in the crypto industry, which is approaching its first billion users, according to Teng, with Binance already boasting over 240 million users.
View original story
Similar markets
Significant market share increase • 25%
Moderate market share increase • 25%
No significant change • 25%
Market share decrease • 25%
Less than 5% growth • 25%
5% to 10% growth • 25%
10% to 20% growth • 25%
More than 20% growth • 25%
Fines imposed • 33%
Operational restrictions • 33%
No new measures • 34%
Less than $100 billion • 25%
$100 billion - $110 billion • 25%
$110 billion - $120 billion • 25%
More than $120 billion • 25%
Yes • 50%
No • 50%
None • 25%
1-2 cases • 25%
3-4 cases • 25%
5 or more cases • 25%
Fines imposed • 25%
Operational restrictions • 25%
No significant actions • 25%
Other regulatory actions • 25%
Richard Teng remains CEO • 25%
New CEO appointed • 25%
Changpeng Zhao returns as CEO • 25%
Other leadership change • 25%
