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But we saved everything 🙂.
Richard Teng, CEO at Binance, stated that portfolio rebalancing occurs when assets become expensive.
He emphasized that all asset classes experience cycles and noted Binance's expansion beyond crypto to provide broader market access at lower costs.
Teng previously shared plans to turn Binance into a financial super app bringing together crypto and daily finance services, according to a company statement. He also led the exchange’s $3 million USDT donation for earthquake relief efforts in Venezuela. Both moves reflect Binance’s recent push into broader financial and social initiatives.