Quantcast

Binance CEO: 'Crypto is still at a very early stage of adoption'

Trump-Touted Crypto Website Crashes as Token Sale Goes Live, With Just 1.7% of Target Sold
How Coinbase’s Base dethroned Arbitrum as top Ethereum layer 2
BTC's Trendline Breakout Exposes $70K Hurdle, ETH Holds 200-Day Average
Google weekly relative search volume for 'bitcoin' hits lowest level in a year
The 15 years of Bitcoin immortalized thanks to The Bitcoin Masterpiece, by Frederic Imbert
UK, Colombia crypto exchanges linked in TD Bank record fine
For Millennials, Bitcoin Is the New Real Estate
Binance exec Tigran Gambaryan again denied bail in Nigeria despite 'clear evidence of medical requirement,' family says
Ripple (XRP) goes on the offensive after the SEC appeals the court ruling against it
Binance exec’s bail plea dismissed on technicality
BloFin impresses at the’ event TOKEN2049 Singapore with its clear vision for rapid expansion
Crypto.com sues SEC amid agency threats over Solana, Binance, Cardano tokens
Former Bitcoin developer points out missing detail undermining HBO's claim that Peter Todd is Satoshi
AI startups draw record $11.8B funding in Q3
Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs
OpenAI, the creator of ChatGPT, will open an office in Paris this year
Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down
HBO announces that the identity of Satoshi Nakamoto will be revealed in its next documentary dedicated to the creator of Bitcoin
JPMorgan analysts identify key catalysts shaping crypto's near-term outlook
The season from the same corners is back: POPCAT, MOG and NEIRO are leading the way
Congressman on constituent imprisoned in Nigeria: 'I don't know if they don't have the ability to treat him or they just don't wish to'
Columbia Business Professor: 'we will be reaching the point where transacting on blockchains is absolute poison for criminals'
SEC files appeal in Ripple lawsuit
Is Visa Preparing a Crypto Revolution for Banks with VTAP?
Binance announces full digital asset license in Kazakhstan
Crypto Payments Firm BCB Group Was the Subject of an FCA Investigation: Sources
Can the third world war break the Bitcoin cycle and prevent the next bull run?
SEC appeals Ripple case ruling, citing conflict with Supreme Court precedent
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
Three OpenSea execs quit in last three months as troubles mount for NFT marketplace
Binance CEO: 'Crypto is still at a very early stage of adoption'
Web3/Crypto
Webp richard teng
Richard Teng, CEO of Binance | Crypto Republique

Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas. Teng made his remarks during the opening speech of Binance Blockchain Week.

"Crypto is still at a very early stage of adoption, less than 10% globally," said Teng. "We are at the beginning of the journey. The institutions are now coming too. If you look at all the top 200 institutions around the world, everybody has a blockchain crypto agenda."

According to a report by Financial News London, in the first quarter of 2024, major hedge funds significantly increased their cryptocurrency holdings. For instance, Millennium Management invested approximately $2 billion in spot Bitcoin Exchange-Traded Funds (ETFs), while Schonfeld allocated around $500 million.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The report further indicates that over 50% of top U.S. hedge funds now own Bitcoin ETFs, reflecting a growing institutional confidence in crypto assets.

A separate report by Reuters states that as of October 1, 2024, the total cryptocurrency market capitalization reached $2.2 trillion, marking a substantial increase from $8.3 billion at the start of 2023.

Teng has been CEO of Binance since November 2023 and brings over 30 years of experience in financial services and regulation. Since joining Binance in August 2021, he has advanced the company's growth with a focus on compliance. Previously, he was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), Chief Regulatory Officer at Singapore Exchange (SGX), and Director of Corporate Finance at the Monetary Authority of Singapore.

Binance operates as a major global blockchain platform featuring the largest digital asset exchange by trading volume. The company offers a wide range of financial products and services and is known for its comprehensive ecosystem, which includes educational resources, research initiatives, charitable activities, and an NFT marketplace. According to its website, Binance supports users around the clock in 40 languages and prioritizes security and regulatory compliance to protect its users and contribute to the growth of the blockchain industry.

Organizations Included in this History
More News

Brad Garlinghouse, CEO of Ripple, said that the company enables global financial institutions to enhance cross-border payments and efficiency through digital technology.

Jul 9, 2025

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025