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Richard Teng, CEO of Binance, expressed optimism about the role of cryptocurrency in shaping the future financial services industry. "Crypto will lay the 'groundwork' for future 'growth'," he said, emphasizing its potential to create a more "inclusive" and advanced sector. Teng made these remarks during his opening speech at Binance Blockchain Week.
"This will form the foundation for growth and progress into the future," said Teng. "It will determine how we create a much better, more inclusive financial services industry for the future."
According to Financial News London, major hedge funds have significantly increased their cryptocurrency holdings in the first quarter of 2024. Millennium Management invested approximately $2 billion in spot Bitcoin Exchange-Traded Funds (ETFs), while Schonfeld allocated around $500 million.
