Binance CEO Says AI Is No Longer an Option but a Necessity

The CEO of Binance, Richard Teng, has made it clear: artificial intelligence is no longer just a convenient tool but a core necessity. In a recent post, Teng emphasized that every organization must adopt AI to maintain competitiveness, efficiency, and agility in the rapidly evolving digital economy.

For Binance, this means embedding AI into product development, customer support, internal operations, and especially compliance - areas where speed, accuracy, and adaptability are crucial. AI has powered the security infrastructure of Binance Binance has integrated AI into its security system for some time. As of 2024, the exchange has implemented a smart risk tool that combines AI with manual monitoring to track suspicious transactions in real time. This system proactively scans activities on P2P trading, payments, and cryptocurrency withdrawals, marking and blocking any potential threats before they affect users. The latest statement from Teng indicates that these efforts are expanding and becoming increasingly integrated into the daily operations of Binance. The company aims to use AI not only to improve efficiency but also to enhance user protection and meet the growing regulatory expectations in the global market. Integrating AI reflects broader cryptocurrency trends Binance's push for AI reflects a broader trend across the cryptocurrency industry. With an increasingly complex market and more tech-savvy users - as highlighted in recent findings from Binance Research - platforms must develop their infrastructure accordingly. By putting AI at the center of its strategy, Binance is positioning itself not just as a cryptocurrency exchange but also as a next-generation technology company that combines blockchain with machine learning to meet the needs of the digital financial system.