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Binance has barely skipped a beat since CZ stepped down.

And it's not as if the odds aren't against it — even to the point that much of the world outside cryptocurrencies has been downright hostile to it.

The past few years have seen renewed bans and other judicial barriers across parts of the country Europe, Asia And Africa. This includes exhausting An ordeal of eight months In Nigerian prison is Tigran Gambaryan, head of financial crimes compliance at Binance, who was arrested on bogus money laundering charges.

Then there is increasing competition within the cryptocurrency space. Competing third-party cryptocurrency exchanges, including Bybit, Bitget, and Gate.io, have grown their footprints to fill parts of the large gap left by FTX.

However, Binance is still the number one place in terms of trade volume. Queen Gekko points To $9 billion of normal daily trading volume on Binance at the moment. Bybit comes in a distant second with $3 billion, followed by Coinbase with $2.6 billion.

Binance's ability to serve memecoin traders what they want seems to be the key to success - at least in this part of the cycle.

In fact, Binance effectively took control of the memecoin: Kaiko in December calculated The exchange controlled 44% of the memecoin volume on CEX exchanges.

empireJason Yanowitz brought up some of this with new CEO Richard Ting on today's podcast episode:

“I thought you guys had to stop doing a lot of the things (that Binance did) to get where they are: listing things early, getting out into new markets early,” Yanowitz said.

“But you're still listing a lot of meme coins. You're still very early on the listings. You've got new Launchpool projects in the last couple of months — Binance has given users a lot of trading opportunities. It's kind of going against what I thought was going to happen.”

one Dashboard Tracking new tokens listed on Binance in 2024 lists 37 coins, nine of which are memes including HMSTR, BABYDOGE, TURBO and DOGS. The platform also recently He added AI Coins Rewards - Next Generation memecoins - AI16Z, ZEREBRO, GRIFFAIN with leverage up to 75x.

Teng responded by saying that Binance lists fewer coins than many of its competitors, which is itself a function of the listings protecting the interests of its users.

"If you look at the number of coins we list, it's about 600. We're very strict about the coin selection process on that front. We've published the listing criteria and protected the listing team a lot so that we give them the time and space to do independent due diligence."

Next, co-host Santiago Santos searched for an answer regarding listing fees — one of the last lucrative aspects of cryptocurrency exchanges that remains a mystery to outsiders.

“(Binance's) distribution is unparalleled — when you think about the overall fees (for Launchpad listings), is it like a dollar amount or a virtual amount — is it a token offering amount, and if so, I'm curious how that impacts it,” Santos said. “It has evolved over time.”

Teng declined to comment, saying those details were very specific. Better luck next time, I guess.

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