🪙 Binance's new CEO Richard Teng says he will completely transform the crypto exchange, key talking points: 1️⃣ The company will begin its transformation from a "rogue" tech startup to a traditional financial organization. 2️⃣ Binance is a baby that is just getting ready to go to elementary school. 3️⃣ The company has made a number of mistakes during its infancy and rapid growth, but has learned from them. 4️⃣ Binance will begin to build out a traditional corporate structure, including having a board of directors, a physical address and transparent financial operations. 5️⃣ The company's capital structure is deleveraged, and revenue and profits remain strong.