Binance CEO Richard Teng: Bitcoin ETF approval drives the market, institutional investors enter the market in large numbers

The Bitcoin spot ETF was approved in 2024, and the crypto market ushered in a turning point! Binance CEO Richard Teng recently gave an exclusive interview to Bloomberg and expressed optimism about the future development of cryptocurrencies. He believes that the crypto market is entering a golden age, with institutional investors' interest rising unprecedentedly, and U.S. regulatory policies will become the key to the market's direction.

Institutional investors flocked in, and market confidence increased significantly

Teng pointed out that the United States approved Bitcoin spot ETFs in early 2024, and then Hong Kong and other places followed suit, greatly boosting market confidence. The number of Binance users has increased significantly, and the number of institutional investors has doubled, indicating that traditional financial institutions are actively embracing crypto assets. He believes that after the new US president takes office, global governments have become more positive and optimistic about cryptocurrencies.

The direction of US regulatory policies has become the focus

Teng mentioned that the strict supervision of the crypto industry during the Biden administration has brought many challenges to the industry. But the situation is changing, and many governments have taken the initiative to seek cooperation with Binance to jointly explore the development of the crypto industry and regard it as an important pillar of the future economy. Binance has obtained regulatory licenses in multiple jurisdictions and actively advises the U.S. government in an effort to establish a clearer and more complete regulatory framework to balance risk control and industrial innovation.

US regulatory model: taking innovation and protection

Teng takes Dubai and Hong Kong as an example and points out that different countries have their own emphasis on regulatory models. Dubai pays more attention to commercial development, while Hong Kong pays more attention to consumer protection. He predicts that the future regulatory framework of the United States will be "tailored" and seeks a balance between promoting innovation and risk management. As for whether Binance will return to the U.S. market, Teng said it depends on whether the U.S. regulatory environment is clearer.

Site selection of the Coin Security Ball Headquarters: Consider and evaluate carefully

Regarding the site selection of the Coin Security Ball Headquarters, Teng said that the company is actively promoting institutional governance and improving compliance. The final site selection will comprehensively consider multiple factors such as taxation, talent, and regulatory framework. It is still under evaluation and the candidate location has not been made public.

Regulation and Institutional Participation: The Key to Future Market Trend

Teng concluded that the crypto market is undergoing historic changes, the participation of institutional investors is becoming increasingly active, and the attitudes of governments are becoming increasingly open. The United States' regulatory policies will have a profound impact on market development. He stressed that the future regulatory framework must balance risk management and industrial innovation in order to truly integrate the crypto industry into the global financial system.

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