LBank, a popular cryptocurrency exchange ecosystem for spot and futures pairs, is entering its next stage of compliance upgrade.
Crypto exchange LBank reveals updated compliance strategy
On October 14, Eric He, Angel Director and Risk Control Advisor of LBank, shared his views on the exchange’s future market plans and global compliance strategy via social media.
As a major player in cryptocurrency trading, LBank continues its compliance efforts and expands its operations. This strategic initiative marks a new chapter in LBank’s global roadmap. The exchange aims to offer more localized and compliant trading services while accelerating its global expansion to exploit new market opportunities.
LBank reaches 12 million registered accounts
Established in 2015, LBank has gradually grown to become one of the world’s leading cryptocurrency exchanges, now serving over 12 million registered users in over 200 countries and regions.
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 sees 10.8 million monthly visits, has listed 712 tokens and 861 trading pairs, currently representing a daily spot trading volume of $1,871,492,281. This strong performance places it among the top 10 in the crypto industry, with a global ranking of 15th.
The LBank exchange allows users to use USDT as margin, offering up to 200x leverage, providing investors with a taste for experience a wider range of trading opportunities.
In July 2023, LBank launched its “Copy Trading” feature, which quickly gained traction in the futures market by lowering barriers to entry and simplifying the trading process. LBank has since optimized the product with a series of updates, including more diverse copy-trading strategies and robust stop-loss tools, allowing even novice users to intelligently manage their trades. For signal providers, LBank has introduced advanced features such as partial position closure, one-click reverse trading and limit order management, while also offering automated API support, making the exchange ideal for professional traders looking for precise control over futures trading. According to LBank’s official website, as of October 14, this feature has attracted thousands of top traders, with the highest 30-day cumulative return reaching an impressive 1,284.82%.
Leveraging MEME to Unlock New Opportunities
Gaining more market share in an already crowded space is a challenge. Amidst FOMO and turbulence in the crypto market, LBank embarked on a different path. Realizing the importance of liquidity, LBank Labs established a special $10 million MEME fund in July 2023. In 2024, LBank further revolutionized its token listing strategy, gradually turning its attention to emerging meme assets and launching a dedicated meme section to stay ahead of market trends. .
On March 18, LBank listed SLERF and led the charge in response to the “unexpected burn” of SLERF, becoming the first to donate and serve as the custodian of the donation address. In collaboration with SLERF, LBank launched a chain donation campaign, attracting the participation of nearly 100,000 users. On June 10, LBank launched the “LBank MEME King” competition, featuring more than 30 meme projects and attracting nearly 300,000 meme enthusiasts. On August 15, LBank partnered with GMGN.AI, contributing to the start of the “meme super cycle.”
Additionally, during the Wiki Finance Expo 2024 in Hong Kong, LBank received the “Crypto Exchange for Altcoins and Memes Award”. Currently, LBank has listed over a hundred meme assets, including MOODENG, NEIRO, MIGGLES, SPX, and FIGHT. This meme-fueled wealth boom attracted tens of millions in capital and sparked a wave of enthusiasm in the markets.
LBank pilots its global expansion strategy
Since 2024, LBank has accelerated its compliance efforts globally. At the “Web3 Summit Dubai” hosted by LBank Labs in March, the exchange successfully attracted high-profile partners including Mohammed Alblooshi, CEO of Dubai International Financial Center (DIFC), and Ahmed Bin Sulayem, CEO of Dubai Multi Commodities. Center (DMCC). Together, they engaged in in-depth discussions on key issues such as compliance and regulatory policies.
To date, LBank has successfully integrated 10 fiat transaction service providers, such as Simplex, Mercuryo, Banxa and Alchemy Pay, allowing users to easily and securely convert between crypto and fiat currencies. Currently, LBank supports 113 fiat currencies and 4 crypto currencies in over 200 countries and regions, offering multiple settlement 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 obtained compliance licenses in many countries and regions, including the United States, Canada, Italy and Australia. This proactive approach to compliance ensures that LBank remains ahead of industry trends, ready to adapt to the rapidly changing regulatory landscape globally.
As LBank expands its services globally, its innovative solutions, strong regulatory vision and growing international presence will solidify its leading position in the cryptocurrency industry. Looking ahead, LBank is confident in its global compliance strategy, anticipating a future filled with innovation, breakthroughs and deeper market integration.
