Binance CEO: The mainstreaming of cryptocurrency requires clear regulation and institutional participation to enhance market depth and resilience

Binance CEO Richard Teng stated at Hong Kong Fintech Week 2025 that the mainstreaming of cryptocurrency requires two elements: regulatory clarity and institutional participation. Previously, regulators were reluctant to invest time, effort, and resources to understand this field, but this has now changed. Additionally, any asset class relying solely on retail participation lacks depth and breadth. Once institutions enter the market, they bring different investment horizons, strategies, and scales, greatly enhancing market depth and resilience.

In response to the host's question about whether the entry of institutions, which brings decreased market volatility, also undermines the core idea of decentralized cryptocurrency, Richard Teng expressed that he completely disagrees. The more different types of players that can be brought onto this stage, the more active and vibrant the market becomes. Although cryptocurrency technology itself relies on characteristics such as decentralization and immutability, the presence of centralized players can actually maximize the value of the technology. The best scenario is to leverage the advantages of decentralized technology while providing the best centralized experience.