Richard Teng Outlines Binance’s Vision as Exchange Turns Eight
Founded in 2017, Binance has grown into the world’s largest crypto exchange with a user base nearing 300 million and lifetime trading volume surpassing $125 trillion.
Daily trades now average $91 billion. Teng credited the post-2024 surge in adoption to a broader acceptance of digital assets, calling the past year “the history of crypto’s mainstreaming.” User growth jumped by over 100 million in just twelve months.
Teng pointed to the approval of the first spot Bitcoin ETF as a pivotal moment that turned institutional heads, opening the door to participation from government funds, family offices, and major foundations.
