Dear LBank users, partners, and fellow traders:

Ten years ago, we launched our first server. We had no funding, no fanfare, only a belief in "trust and freedom." Back then, blockchain was still a geek's playground, and Bitcoin was still considered a "fringe experiment" by the mainstream. LBank was born in that chaotic and lonely environment, yet it also bred opportunity.

Today, LBank serves over 20 million registered users across 160 countries and regions. Its average daily trading volume exceeds $10.5 billion, and its spot and derivatives trading remains among the world's leading platforms. From a single matching system to today's integrated financial infrastructure, LBank has spent a decade transforming "belief" into "structure."

Reason and Courage: Finding Breakthroughs in Control

I'm used to assessing risk before deciding whether to take a risk. In an industry where change is accelerating at an unimaginable pace, security and innovation are never mutually exclusive. Instead, they are the two lifelines LBank constantly balances. I often tell my team, "Use an engineer's mind to calculate risk, and a businessman's eye to identify opportunities." Moving forward means forging ahead against the wind. Beyond the certainty of certainty, we must maintain the courage to break new ground. It's this spirit that has enabled LBank to grow from an exchange into a complete crypto-financial ecosystem. We don't just facilitate transactions; we're building the value infrastructure that will sustain the next decade.

In our core business, we continue to enhance product performance and user experience:

• Spot and derivatives products are firmly in the forefront globally, with an annual growth rate of over 30%;
• It was the first to launch pre-market trading, listing over 20 high-quality assets, with a cumulative trading volume exceeding 50 million, a maximum return of 60,000%, and an average return of 5,072%;
• The LBANK EDGE zone innovatively implements a "guaranteed compensation mechanism" with 100% compensation to enhance user confidence. To date, 11 assets have been listed, with an average yield of 1,837%;
• LBmeme Launch pioneered a new IDO model and has successfully launched 4 Memecoins, with the highest yield reaching 12,130% and the average yield reaching 6,382%.
• Launchpool & Launchpad focus on high-potential projects, allowing users to benefit from project growth through simple staking/quota purchases. Launchpool has distributed over $5 million in rewards, with the highest yield reaching 2,900%.
• Earn's total locked-in value has exceeded $500 million, supporting over 200 asset-return combinations and covering a full range of products from stable returns to strategic returns. It has distributed a total of 10 million in returns to users.

These numbers aren't results, but signals of systemic evolution. We use data to validate mechanisms and build trust through them. When a system is self-monitoring, self-repairing, and predictable, trust no longer relies on individuals or emotions but becomes a measurable construct.

In 2025, we continue to push boundaries. We have never been about "providing an exchange," but rather building a financial system that makes the flow of value more efficient, secure, and intelligent.

Globalization and Culture: Bringing Trust Across Borders

Today, LBank has established a multi-faceted global presence. We hold core licenses in multiple countries, including US MSB, Canadian MSB, and Australian DCEP, and continue to expand our localized service network in Europe, the Middle East, and Latin America. Compliance isn't a constraint, but a springboard for growth. We collaborate with regulators in multiple countries and will gradually publish proof of reserves, ensuring that "trustworthiness" is no longer just a subjective perception but a structural guarantee.

At the same time, we're also using culture to extend the boundaries of trust. In 2025, LBank became the regional partner of the Argentine national team. This cross-border initiative allowed crypto to transcend the language of exchanges and become a universally understood symbol of value. Crypto and sports share a common spirit: both pursue trust and rely on collaboration. This isn't just a cross-border initiative; it's an extension of the trust system. We operate in different countries and speak different languages, but our underlying message remains the same: trust.

Brands aren't created; they're understood. When understanding becomes a shared understanding, it naturally becomes culture. Forbes cited LBank, acknowledging its "reshaping global financial access using Memecoin as a bridge." CoinGecko, BeInCrypto, and Bitcoin.com News have repeatedly recognized LBank as the best exchange. While these recognitions are certainly important, what moved me most was the repeated comments from users: "LBank is a reassuring platform."

Trust is more precious than any list.

Safety is the bottom line: win trust with structure

In the crypto industry, trust isn't a slogan; it's a product of the system. Over the past decade, we've experienced numerous industry-wide incidents, including liquidity crises, extreme market conditions, and system attacks. LBank's ten-year zero security incident record isn't a fluke; it's inevitable.

From day one, we've considered security the core of our system, not just an add-on. Over the past decade, we've continuously invested resources to build a comprehensive security defense system:

• Establish a global risk control collaboration network with Elliptic and CertiK to identify high-risk behaviors and abnormal flows in real time;
• Comprehensive deployment of multi-signature, hot and cold separation, AI risk control model and automatic liquidation mechanism to ensure the security of assets throughout the process;
• The self-developed high-performance matching engine supports processing millions of orders per second, with a matching delay as low as 1 millisecond, making it one of the most concurrent crypto trading systems in the world.

These are what we're most proud of. Security isn't a cost, but a moat; robustness isn't slowness, but confidence. Every "black swan" event is a stress test for our systems and trust.

Our achievement is a decade of consistent, stable operation, without ever compromising user asset security or breaching trust. Over the past decade, we've continuously embedded rationality and rules into our system, ensuring verifiable decisions, predictable risks, and reusable structures. From manual risk control to AI-powered identification, from centralized matching to module self-healing, LBank's system has gradually developed a self-stable structure. The essence of trust is rational order. When a system can self-heal amidst fluctuations, it can navigate cycles.

The Future: Three Things to Watch for the Next Decade

The future is never a continuation of the past, but rather a recurring cycle of reboots. LBank's next decade will not be about speed, but about depth. We must strengthen the system's foundation, optimize its structure, and make innovation more penetrating. Speed can be temporarily slowed, but the structure must be upgraded; expansion can be slowed, but the underlying logic must be restructured.

We plan to focus on three things.

First, product upgrades make HUB more liquid.

The true future of finance isn't just about higher-frequency transactions, but about a systematic reconstruction of value flows. We won't be driven by mere concepts; instead, we'll upgrade our products to significantly improve user asset utilization and yield. At the product level, we're driving diversified and seamless upgrades. In the future, LBank wallets and exchanges will achieve seamless account-level interoperability, allowing users to seamlessly move assets between Web 2 and Web 3 without complex operations. This means LBank will enable the full lifecycle of operations, from on-chain deposits to CEXs, transactions, wealth management, and derivatives trading, truly achieving "zero-barrier access to Web 3." LBank's goal isn't to provide more entry points, but to eliminate them. When the system is intelligent enough and the experience is seamless enough, so that users no longer feel the boundaries of "on-chain" or "transferring," the reshaping of financial infrastructure will be truly complete.

Second, make globalization more “local”.

Over the past decade, we've built systems; over the next decade, we'll build the people who connect them. Globalization is no longer about "copying and exporting," but rather "co-creation and growth." Each market has its own cultural grammar and trust logic, which we must understand before engaging.

The future of competition won't be about advertising, but about building a sustainable cycle of trust across diverse cultures and regulatory structures. LBank will continue to expand its compliance footprint, but more importantly, it will find local players in each country who understand how to listen to users, serve the community, and build a collaborative ecosystem. True globalization isn't about homogenization, but about building a consensus around diversity.

Third, it is ecological co-creation and talent evolution.

The end point of all systems is the human mind. The $1B Talent Program isn't a funding program, but a distributed innovation experiment. We want to empower those who still believe in exploration: engineers, researchers, entrepreneurs, and community leaders quietly building communities around the world. LBank provides more than just resources and a platform; it's a fertile ground for experimentation. It allows people to raise questions, validate models, and even challenge existing rules. Because only through challenge can a system continue to grow; only through renewal can it truly thrive.

Along the way, I've become increasingly convinced that control and creativity are not mutually exclusive. Control is the baseline of order; creativity is the courage to transcend boundaries. Ten years ago, we learned stability amidst chaos; in the next decade, we must reinvent the future amidst stability. Storms will still come, and the direction may not always be clear, but we've become accustomed to repairing systems in the wind and finding our way in the darkness. Ten years ago, we relied on faith to light the first lamp; in the next decade, we must rely on trust to illuminate even more lamps.

The future is not a repetition, but a reinvention.

No matter how fierce the storm, there are always those who hold their course in the wind, sailing towards the sea of stars. And we are those who are not afraid of the storm. With reason as our rudder and courage as our sail, we sail towards the next decade.