LBank, a popular cryptocurrency exchange ecosystem for spot and futures pairs, is entering the next phase of its compliance upgrade.
LBank Cryptocurrency Exchange Reveals Latest Compliance Strategy
On October 14, Eric He, Chief Angel Officer and Risk Control Advisor at LBank, shared insights on the exchange’s future market plans and global compliance strategy via social media.
Image by LBank
As a major player in cryptocurrency trading, LBank is driving compliance efforts and expanding its business. This strategic initiative marks a new chapter in LBank’s global roadmap. The exchange aims to provide more localized and compliant trading services while accelerating its global expansion to unlock new market potential.
LBank achieves 12 million registered accounts
Founded in 2015, LBank has steadily grown into one of the world’s top crypto exchanges, currently serving over 12 million registered users in over 200 countries and territories.
As an innovative and comprehensive exchange, LBank offers a wide range of products and services, including spot trading, futures trading, copy trading, and staking, to meet the diverse needs of investors. According to CoinGecko, LBank receives 10.8 million monthly visitors, lists 712 tokens and 861 trading pairs, and currently boasts a daily spot trading volume of $1,871,492,281. This solid performance places it in the top 10 in the cryptocurrency industry and ranks 15th in the world rankings.
Image by LBank
LBank Exchange allows users to use USDT as margin, offering up to 200x leverage and providing a wide range of trading opportunities for experienced investors.
In July 2023, LBank launched a “copy trading” feature. This feature quickly gained traction in the futures market by lowering entry barriers and simplifying the trading process. Since then, LBank has optimized the product with various updates, including more diverse copy trading strategies and robust stop-loss tools, allowing even novice users to manage their trades intelligently. For signal providers, LBank introduces advanced features such as partial position closing, one-click reverse trading, and limit order management, as well as automated API support for professionals seeking precise control in futures trading. It has become an ideal exchange for traders. According to LBank’s official website, as of October 14th, this feature has attracted thousands of top traders, with the highest 30-day cumulative return reaching a staggering 1,284.82%.
Leverage MEME to explore new opportunities
Gaining further market share in an already crowded field is difficult. Amid FOMO and the turmoil in the crypto market, LBank has taken a different path. Recognizing the importance of liquidity, LBank Labs established the $10 million MEME Special Fund in July 2023. In 2024, LBank further transformed its token listing strategy, gradually turning its attention to emerging meme assets and launching a dedicated meme section to stay ahead of market trends. .
Image by LBank
On March 18th, LBank listed SLERF, took the lead in response to SLERF’s “unexpected flare-up,” made the first donation, and became the administrator of the donation address. LBank collaborated with SLERF to launch an on-chain donation campaign that attracted the participation of nearly 100,000 users. On June 10th, LBank launched the “LBank MEME King” contest, featuring over 30 meme projects and attracting nearly 300,000 meme enthusiasts. By August 15, LBank partnered with GMGN.AI to facilitate the launch of the “Meme Super Cycle.”
Additionally, LBank won the “Crypto Exchange Award for Altcoins and Memes” at the 2024 Wiki Finance Expo in Hong Kong. As of now, LBank has listed over 100 meme assets, including MOODENG, NEIRO, MIGGLES, SPX, FIGHT, and more. The meme-fueled wealth boom has raised tens of millions of dollars and triggered a wave of market excitement.
LBank pursues global expansion strategy
From 2024 onwards, LBank is accelerating its global compliance efforts. At the Web3 Summit Dubai held by LBank Labs in March, the exchange hosted Dubai International Financial Center (DIFC) CEO Mohamed Albrusi and Dubai Multi Commodities CEO Ahmed bin Sulayem. The company succeeded in attracting prominent partners such as Mr. Center (DMCC). Together, they had deep discussions on important issues such as compliance and regulatory policies.
To date, LBank has successfully integrated 10 fiat exchange service providers, including Simplex, Mercuryo, Banxa, and Alchemy Pay, allowing users to safely and easily exchange between cryptocurrencies and fiat currencies. . Currently, LBank supports 113 fiat currencies and 4 cryptocurrencies in over 200 countries and territories, and offers multiple payment options including Visa and Apple Pay.
At the heart of LBank’s operations is a commitment to the highest standards of security and regulatory compliance. To date, LBank has secured compliance licenses in many countries and regions, including the United States, Canada, Italy, and Australia. This proactive approach to compliance allows LBank to stay ahead of industry trends and respond to the rapidly changing regulatory environment globally.
As LBank expands its services globally, its innovative solutions, strong regulatory foresight, and growing international presence will solidify its position as a leader in the crypto industry. Looking to the future, LBank is confident in its global compliance strategy and looks forward to a future filled with innovation, breakthroughs and deeper market integration.
