(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 10. Binance is on
the lookout for ways to speed up the incubation of new ventures
that will shape not only the future of the Cryptocurrency industry
but also the broader financial landscape, Binance's Chief Marketing
Officer Rachel Conlan said at the "Chain Reaction 2024" forum in
Baku, Trend
reports.
Conlan emphasized the importance of education in the digital
asset and technology sectors at the "Chain Reaction 2024" forum
during the panel titled "From Inception to Innovation: The
Cryptocurrency market Journey."
"We have discussed with the Ministry of Economy of Azerbaijan
and concluded that in the world of digital assets, education plays
a crucial role. It's not just about drawing more people into the
field but also about helping them understand how to enter the
market safely and knowledgeably. Safety and awareness are key to
successful activity in any financial market, and digital assets are
no exception. Like any other financial product, trading in
cryptocurrencies comes with risks and volatility," she stated.
Conlan noted that these topics have been the talk of the town in
the industry lately.
"What we must focus on is building a long-term ecosystem while
educating people to stay calm, conduct their own research, and
understand their investments. This approach will help overcome
challenges and unlock the true value of digital assets," she
added.
Reflecting on her experience over the past two years, Conlan
highlighted Binance's commitment to leading the industry.
"Binance has added over 40 million users since January,
indicating sector expansion. Our goal is to double this number by
year's end. It took seven years to reach 200 million users, and we
predict 100 million more in 2024. This shows industry longevity.
Compliance and transparency are also priorities for Binance, with
220 marketing staff and 1,000 compliance staff working every day to
establish a secure blockchain ecosystem.
It's crucial for us to support the next generation of Web3
companies and invest in them through initiatives like BNB Chain and
Binance Labs. We continue to explore ways to accelerate the
incubation of new businesses that will define the future of both
the crypto industry and finance as a whole," said Conlan, stressing
Binance's dedication to fostering innovation.
Conlan noted that Binance's worldwide user base surpassed 220
million. She noted that technology and institutional interest have
made cryptocurrency mainstream.
"Recent key developments include the approval of cryptocurrency
ETFs, which has opened the doors for significant financial flows
from traditional institutions. Technological innovations such as
Layer 2 solutions and cross-chain platforms like Polkadot and
Cosmos are also major drivers," she noted.
Moreover, she stated that Apple, PayPal, and Goldman Sachs are
incorporating cryptocurrencies into their business structures.
"Alongside market growth, we face significant challenges,
including reputational risks and the need for clearer regulation,"
she added.
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