Reported 7 months ago
Binance CEO Richard Teng anticipates a significant year for the crypto industry due to clearer regulations, increased mainstream adoption, and the introduction of Bitcoin-linked exchange-traded funds. Binance's customer assets have grown by $42 billion in 2024, with 200 million registered users and a 12.5% increase in monthly active users from February to May. Teng mentioned growing retail participation in addition to institutional involvement, while Binance is still undergoing changes following a settlement with US authorities, including appointing monitors and considering new headquarters locations.
Source: YAHOO