Binance, the biggest CEX by trading volume globally, was one of the first to recognize the colossal challenge the industry faces.

Throughout last year, the firm began introducing measures around transparency and trust, culminating in a new, actionable framework of guidelines for centralized exchanges, and for the broader community to use (should they wish to do so), and accompanied by a dedicated Building Trust landing page.

Centralised exchanges play a key role in this industry. Binance is working towards bringing more transparency, trust and security to the space and we feel that a joint effort is needed to accelerate this further.

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