According to Cointelegraph, LBank Community Angel and Risk Control Advisor Eric He recently shared exclusive insights on LBank's current progress, major achievements, and the future crypto market.
Currently, the crypto market is entering a new stage, with more and more institutions joining in, and market liquidity significantly increasing. As a leading global crypto exchange, LBank has over 15 million registered users globally and has gained widespread recognition from the market users.
Established in 2015, LBank supports over 800 cryptocurrencies and is committed to providing users with a diversified and convenient trading experience. Through innovative trading solutions, LBank has helped users achieve an average return of over 130% when new assets are listed.
As 2025 approaches, Eric He was interviewed and shared LBank's current development, future plans, and his predictions on the future evolution of the crypto market.
Cointelegraph: In the third quarter of 2024, on the occasion of LBank's 9th anniversary, you proposed five strategies. How have the effects been after implementation? How has the market performed?
Eric He: The facts are the most convincing proof. The five strategies proposed by LBank in Q3 well reflected its historical needs and market positioning. Especially in December, we optimized the listing strategy and launched the "X Plan" with an exclusive whitelist mechanism.
In 2024, we successfully launched over 300 new projects and proposed "Discover the era of MEME legends", where we launched many high-potential Meme assets, including GOAT, MOODENG, and ACT.
Additionally, we launched the Launchpool product, providing users with new opportunities to participate in early-stage projects. Through this initiative, we launched high-quality projects such as Cellula and REVOX, further enriching our investment options and precisely matching the evolving needs of our users.
These initiatives not only keep up with market trends but also deepen our interaction with users, ensuring that every user can experience more valuable and rewarding experiences.
Cointelegraph: In 2024, Altcoins received tremendous attention. What specific measures did LBank take to adapt to this trend?
Eric He: In the crypto field, liquidity is crucial, and we are committed to creating more earning opportunities for users. In 2024, LBank continuously comprehensively evaluated Altcoin projects and made precise market deployments.
As mentioned in the LBank Labs Altcoin research report "2024 Altcoin Sector Research: Breakthrough and Rebirth, From Controversial Narratives to the Trillion-Dollar Sector", in 2024, the proportion of Altcoins launched on LBank accounted for 34% of all our newly listed coins, far exceeding other exchanges. Among them, the MOODENG first launched by LBank achieved a maximum increase of 63 times, while GOAT and PNUT achieved amazing returns of 299 times and 81 times respectively, which are the phased results of our deep cultivation of the Altcoin sector.
Furthermore, LBank has actively promoted the multi-dimensional development of the Altcoin ecosystem. As early as July 2023, we set up a $10 million MEME-dedicated fund to encourage high-quality early-stage innovative MEME projects. In March this year, we launched a donation campaign with SLERF, and in August, we partnered with GMGN.AI to accelerate the arrival of the "Altcoin super cycle".
These initiatives fully demonstrate our firm commitment to supporting innovative projects, while also deeply integrating Altcoin culture into the crypto market, ensuring that our users and partners can gain more benefits from the ever-growing Altcoin market.
Cointelegraph: Looking back on 2024, what are LBank's achievements?
Eric He: In 2024, LBank achieved tremendous success. The annual keyword for LBank is "pole vault".
On August 1st, LBank's registered user count reached 10 million; in just 61 days, the registered user count grew to 12 million; and then in only 59 days, the global registered user count surpassed 15 million, with the continuously shortening time periods and the rapid growth of user data being the best proof.
For LBank, maintaining market competitiveness has always been one of its core values. In the spot market, LBank's 24-hour spot trading volume exceeded $2.7 billion. And in the latest report by 0xScope, LBank's spot market share reached 3.04%, ranking among the global top 10.
On November 28th, LBank's 24-hour derivatives trading volume exceeded $67 billion, reaching a new historical high, second only to Binance.
Meanwhile, LBank also actively organized global brand promotion activities, participating in important international conferences such as Dubai Token2049, Korea Blockchain Week, and Singapore Token2049. These initiatives demonstrate LBank's firm determination to seize new growth opportunities while also enhancing its brand influence through global-scale brand promotion.
Additionally, LBank was honored with multiple awards in 2024, including "Best Altcoin and Memecoin Exchange" at the Wiki Finance Awards 2024 and "Best Exchange" at the Crypto.News Awards 2024.
Cointelegraph: Security is a top priority for any exchange. What measures did LBank take in 2024 to strengthen user asset protection and platform security?
Eric He: Asset and trading security is LBank's top priority. We have a powerful system to protect user assets and ensure the platform's secure operation. LBank has successfully prevented potential user losses worth $1.2 billion and detected and intercepted suspicious withdrawals totaling $540 million.
In 2024, we adopted real-time monitoring tools based on AI and machine learning, multi-level risk control, and regular independent security audits to maintain platform stability and reliability.
In addition to automated monitoring, we also regularly conduct penetration testing, and our cybersecurity team monitors, detects, and fixes potential security vulnerabilities 24/7. In the future, LBank will continue to set benchmarks for security and transparency, providing users with an unparalleled experience.
Cointelegraph: What is LBank's ecosystem layout?
Eric He: Through collaboration with key partners such as IOSG, ArkStream, HTX, and venture capital firm Interop, LBank Labs has built a comprehensive ecosystem. These partnerships aim to uncover new growth opportunities in the constantly evolving market environment.
Furthermore, LBank Labs has also invested in high-potential projects like XION, Usual Labs, and Union. We have also closely collaborated with leading public chains such as Avalanche, TON, and Solana to drive ecosystem development and support developers in driving long-term industry progress. We are always committed to continuously discovering emerging market narratives and driving innovative development within the crypto ecosystem.
Cointelegraph: With LBank's continued development, what are the plans for the coming year?
Eric He: Looking ahead, we will focus on the following key areas to further consolidate our position as a leading global exchange.
First, we plan to carry out a brand-new upgrade, providing users and the ever-expanding community with high-quality trading services to meet their changing needs.
In addition, we will increase liquidity by bridging the value gap between narrative-driven tokens and Meme coins, attracting more quality projects, expanding trading options, and consolidating our competitive advantage in the global market.
Compliance and security remain the core of our strategy. LBank will continue to prioritize global compliance work and adjust our strategies according to different cultural and regulatory environments. Our official independent site will be launched in multiple regions in the near future, so that we can implement effective global and regional strategies, address the complexity of local markets, and ensure sustainable growth as we enter a new stage.
Cointelegraph: Looking ahead to 2025, what are your main predictions for the crypto market? How is LBank preparing to address these changes?
Eric He: The Altcoin market will provide perfect opportunities for investors.
Interest rate cuts and increased liquidity are expected to drive Bitcoin's performance in the coming months and be a key factor in the market's recovery. In addition to Bitcoin, we expect other Altcoins, L1 networks, and the DeFi sector to see significant recovery as institutional interest grows and technology advances.
Furthermore, areas such as RWA, AI Agent, MEME, and DeFi will become strong growth points, as these areas, with their innovative narratives and broad appeal, will attract a large influx of capital.
LBank will focus on launching a diversified range of tokens that align with high-growth areas, further optimizing our token listing strategy to provide users with the most promising projects. At the same time, LBank will keep up with the latest developments in market changes, committed to helping the community seize the opportunities of the next wave of crypto innovation.
