#BinanceAlphaAlert As of December 21, 2025, Binance is undergoing significant structural changes, particularly in its leadership and its relationship with the Pakistani market.
1. New "Co-CEO" Leadership Structure
In a major organizational shift this week (December 18), Richard Teng confirmed that Yi He (Binance co-founder) has officially stepped into a Co-CEO role.
* The Strategy: Teng explained during a "CEO Connect" AMA that this structure is designed to allow the exchange to remain agile while operating at a massive global scale.
* User Base: Binance officially announced it has surpassed 300 million users globally, a milestone Richard Teng cited as a sign of "strong global crypto adoption."
2. Major Update for Pakistan (Licensing & Tokenization)
Pakistan is becoming a key strategic hub for Binance in late 2025:
* Preliminary Approval: On December 12, the Pakistan Virtual Assets Regulatory Authority (PVARA) granted Binance a No Objection Certificate (NOC). This allows Binance to register for Anti-Money Laundering (AML) purposes and set up a local subsidiary—a critical step toward a full operating license.
* $2 Billion Asset Tokenization: Binance has signed a Memorandum of Understanding (MoU) with the Pakistani Ministry of Finance to advise on the tokenization of up to $2 billion in assets, signaling a deep collaboration with the government to modernize capital markets.
3. Technical & Platform Updates
* UTF-8 Implementation: On December 17, Binance completed a non-disruptive system update to implement UTF-8 encoding on its spot trading platform. This improves how the system handles international text, symbols, and characters.
* "Test Token" Warning: During the update, Binance warned users to ignore any "test tokens" or dummy trading pairs that appeared on the platform, advising caution against scammers trying to mimic these test assets.
4. Market Performance (Dec 20, 2025)
The crypto market is showing mixed "end-of-year" signals:
* BNB Price: Trading around $853 (up ~1% in 24h).
* Bitcoin (BTC): Holding near $88,300.
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