Eric He Space Review: Unlocking LBank’s Highlights in 2024

16 years ago, a 9-page white paper set off a financial revolution. From the rise of centralized exchanges to DeFi Summer, from the bull market carnival in 2021 to the darkest moment in 2022, every ups and downs are reshaping the development boundaries of the industry.

In 2024, with the influx of Bitcoin ETFs, traditional institutional capital, and Bitcoin reaching new highs, market liquidity has reached new highs, and the Meme super cycle has arrived, this wildly growing industry has gradually matured. In this wave of industry development, LBank, the worlds leading crypto trading platform, has also achieved leapfrog growth, with more than 15 million registered users worldwide, and innovative trading solutions have helped users achieve an average return of more than 130% when new assets are listed.

Recently, LBank, together with several leading Chinese media, held an X Space with the theme of Leverage Point in the Crypto World: Unlocking LBanks Highlight Moments in 2024. Community Angel Officer and Risk Control Consultant Eric He shared the platforms development history and future plans with community members on Space.

Behind the achievements: user-driven value innovation

2024 is a critical year for LBank. LBank has accurately grasped the pulse of the market and found the best point of force: making innovation and user value the core of development. Among them, Eric he said frankly: Users are our core, and investing in the Meme track is a user preference and a historical choice. This choice allows users to stand with us and become a milestone for LBank.

Among other things, this user-centric strategy has enabled the platform to achieve significant growth:

• The user base jumped from 10 million to 15 million in 120 days;

• A report released by 0x scope in October showed that as of October 2024, LBanks spot trading volume market share had reached 3.04%, ranking among the top 12 in the world.

• The average daily trading volume of the spot market exceeded US$2.7 billion, and the average daily trading volume of the derivatives market exceeded US$67 billion;

• In the third quarter, LBank brought an average return of 130% to users through precise asset allocation;

Behind these achievements is LBanks deep understanding of the market and firm choice. Return to the original intention, let more users experience the effect of getting rich quickly, and achieve wild growth in the bubble. Eric said. This year, LBank not only achieved a leap in business scale, but more importantly, established its own development path: LBank does not pursue becoming the largest trading platform in the market, but focuses more on providing users with interesting experiences and innovative services, so that every user can get real value on the platform.

The Memecoin phenomenon: breaking traditional investment philosophy

In 2024, LBank started a new journey with the new slogan Discover the Era of Meme Legends. Behind this is the platforms accurate grasp of the market pulse. Eric Hes unique insight into Memecoin – value investment is a regression of the industry, and high valuation is to some extent the arrogance and prejudice of the industry reveals the innovative nature of the crypto market. In his view, Memecoin breaks the traditional investment barriers and provides equal opportunities for all participants. Although this is a high-risk track, as he said: The next BTC or DOGE may be born here. It is this possibility that constitutes the eternal charm of the crypto market.

In terms of the layout of the Meme track, LBank has demonstrated excellent foresight. As early as July 2023, the platform established a $10 million MEME special fund to lay the foundation for subsequent development. Through a precise listing strategy, LBank has successfully launched nearly 300 high-potential Meme assets, with remarkable results: more than 40 projects have increased by more than 500%, of which the first project MOODENG has increased by 61 times, and GOAT and PNUT have achieved amazing increases of 299 times and 81 times respectively.

LBanks Meme layout not only focuses on investment returns, but also pays more attention to ecological construction and social responsibility. The platform actively cooperates with projects such as SLERF for charity, and reaches strategic cooperation with industry-leading projects such as GMGN.AI to jointly promote the sustainable development of the Meme ecosystem. This multi-dimensional layout strategy enables LBank to establish a unique competitive advantage in the Meme track.

Breaking the Ceiling: Eric Hes Management Philosophy

When it comes to his deep involvement in the industry, Eric Hes focus stems from his love for the crypto industry and his firm belief that blockchain technology can change the world. As a practitioner with a technical background, he believes that crypto technology with Bitcoin as the core will become a new round of driving force for the development of human science and technology, just like bonds and stocks, from the perspective of financial history.

In 2024, Eric He realized the role transformation from CEO to community angel officer and risk control consultant. This transformation stems from his deep insight into the essence of the crypto industry: decentralization is not only a technical feature, but also a key way to achieve fairness, transparency and permissionlessness. As a CEO, I was the center of decision-making and the brain of the company. But the birth of cryptocurrency is to subvert the shackles of traditional finance and dance on the ceiling. He firmly believes that in a decentralized industry, the development of the platform should not rely on individuals, but should be based on collective wisdom and innovation.

For him, this change is not only an adjustment of identity, but also an evolution of thinking. He re-examined the development direction of the exchange and took the initiative to break the ceiling of LBank. In his new role, he focuses on experiencing various products, studying industry trends, controlling the bottom line of risks, and keeping the exchange running safely in innovation. This change in management philosophy has injected new development momentum into LBank, and the platform has shown a stronger growth momentum, making it fully prepared to meet future challenges and opportunities.

Safety is the cornerstone of operations

Having experienced industry turmoil such as Mt. Gox, FTX, and LUNA, Eric He has always put safety first. LBank regards the safety of user assets as the lifeline of the platforms development, and has adopted the most resolute investment strategy in security protection.

With over one million dollars of security investment every month, LBank has built a comprehensive layout from team building to technical protection. LBank has established a strong security team, continuously conducts internal attack and defense drills, and introduces external white hat hackers to participate in testing, and continuously strengthens various aspects such as server protection. By introducing and integrating advanced security strategies on the market, LBank has gradually built itself into a solid exchange.

This strategy of continuous investment has yielded significant results. Data from 2024 shows that the platform has successfully prevented $1.2 billion in potential user losses and intercepted about $540 million in suspicious withdrawals. As Eric said, Only time can tell whether a platform is safe. After nine years of hard work, LBank has used actions and time to verify its firm commitment to the security of user assets.

Insight 2025: Seize new opportunities and deepen global layout

Eric He is cautiously optimistic about the crypto market in 2025. He pointed out that this round of bull market is fundamentally different from the previous ones: funds are mainly injected through ETFs and stock markets, and most of these funds circulate among the top currencies and have not fully penetrated the secondary market of cryptocurrencies. This pattern is both a challenge and an opportunity.

Regarding the future market, he believes that several aspects need to be paid attention to. The first is the reasonableness of the projects valuation. He pointed out that the current crypto industry is still in its early stages, but the valuations of many projects have far exceeded mature tracks such as AI in Web2. This valuation bubble deserves vigilance. The second is innovation ability, because only continuous innovation can define new development directions. In addition, he particularly emphasized the importance of compliance, believing that this will become a key catalyst for the development of the industry. Finally, there is the wealth-creating effect. If the wealth effect is limited to the top currencies covered by the ETF, it may restrict the sustainability of this bull market. Therefore, he looks forward to seeing more innovative projects that are fair, undervalued and have good narratives.

Based on this judgment, LBank will continue to optimize transaction depth and explore high-quality assets with potential for users. At the same time, the platform is also accelerating its global compliance layout. It has obtained licenses such as US MSB, Canadian MSB, Italian VASP, Australian DCEP, and Alabama MTL, laying a solid foundation for future development.

Eric believes that the key to the market lies in the wealth-creating effect. Only when the wealth-creating effect is significant will it attract a continuous influx of funds from outside the circle. Therefore, LBank will continue to be driven by innovation and help more users seize market opportunities while maintaining the industrys essence of fairness, transparency, and permissionlessness.

Conclusion

The crypto world is changing rapidly. Only by adhering to the core values of openness, transparency, and fairness can the platform survive and grow in the changing situation. LBank will use a forward-looking vision, deepen technological innovation, build a complete ecosystem, and create a comprehensive and highly adaptable digital asset trading experience for users at different levels. On this road, we will always adhere to the balance between innovation and security, promote the healthy development of the industry, and create lasting value for users.

This article is sourced from the internet: Eric He Space Review: Unlocking LBank’s Highlights in 2024

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