In a recent interview with Bloomberg, Binance CEO Richard Teng labeled 2024 as a pivotal year for the cryptocurrency industry. He pointed to the increased regulatory clarity, wider acceptance in mainstream markets, and the anticipated launch of bitcoin spot exchange-traded funds (ETFs) as key factors driving this transformation. Teng expressed optimism, stating, “The momentum remains robust, a positive sign for us… Besides institutional players, we are witnessing a growing number of retail investors entering our space.”
Teng disclosed that customer assets on Binance’s crypto exchange have skyrocketed by $42 billion this year alone, with the platform now boasting a user base of 200 million registered accounts.
