According to Bobby Ong, Binance has applied for a European Union crypto license in Greece under the MiCA framework. This regulatory framework is establishing itself as a global standard for how crypto exchanges design data systems to manage pricing, reporting, and disclosures. This development is critical for exchange platforms looking to scale or enhance their operational infrastructure.

According to DeepLearning.AI, data engineering has evolved from being a mere byproduct of software applications to a foundational element in modern businesses. This transformation highlights the increasing importance of data engineers in designing systems for data management, which is crucial for trading and decision-making processes in the cryptocurrency market. Their skills in data ingestion, storage, transformation, and serving are essential for handling the vast amounts of data required for accurate market analysis and trading strategies.