The number of users on Binance has passed the 210 million mark

In an article titled "Seven Years at the Vanguard of Financial Innovation" published ahead of Binance's birthday, Teng said the exchange is still a growth-oriented young startup that has "survived many crises and learned many important lessons through bitter experience."

Teng, previously responsible for Binance's regional markets outside the U.S., took over the exchange last November, replacing founder Changpeng Zhao, who stepped down as part of a settlement with U.S. federal agencies over money laundering and securities law violations. The exchange itself, meanwhile, agreed to pay $4.3 billion in fines and Zhao was sentenced to four months in prison.

"We are confident that with the trust and support of our global community, our first seven years of hard work have laid a solid foundation for even greater success on the path to greater financial freedom and inclusion. We have only just begun," concluded Richard Tan.