What Does Richard Teng Has to Say About Crypto Now?

Binance CEO Richard Teng has reaffirmed that the exchange remains committed to expanding globally but is treading carefully in the United States until there is clearer regulatory direction. 

Speaking in an interview with TheStreet Roundtable, Teng revealed Binance’s ongoing growth, institutional milestones, and views on how policy clarity will shape the next chapter of the crypto industry.

Key Takeaways

• Binance now serves nearly 300 million users globally, up from 170 million at the start of 2024.
• The company is emphasizing a CDiFi approach that merges centralized and decentralized models.
• Binance recorded over $100 trillion in cumulative trading volume since its 2017 launch.
• Institutional participation has more than doubled, with over 200 listed companies using digital asset treasuries.
• Teng believes the U.S. is poised to lead global crypto and AI innovation once regulatory clarity arrives.

Binance’s Expanding Global Footprint

Richard Teng explained that Binance’s growth trajectory continues to accelerate across major markets. The exchange has seen its user base surge from 170 million to nearly 300 million in just over a year and a half. Daily trading volume now regularly exceeds $100 billion, with cumulative trades crossing the $100 trillion mark since Binance’s founding.

According to Teng, this explosive growth reflects rising trust in the platform and broader adoption among institutions, corporates, and decentralized projects. He noted that institutional onboarding more than doubled over the past year, marking a turning point for digital asset participation.

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The CDiFi Strategy

A major theme of Teng’s interview was Binance’s ongoing transition toward what he calls a “CDiFi” platform—a hybrid model that combines centralized finance (CeFi) with decentralized finance (DeFi). The idea is to offer users the reliability of a centralized exchange while enabling them to access the benefits of Web3 innovation.

Teng highlighted the success of Binance’s Web3 Wallet and Binance Alpha, both of which have seen strong global adoption. These products serve as bridges between traditional crypto trading and decentralized ecosystems, aligning with Binance’s long-term vision to merge the two financial worlds.

Institutional Adoption and Market Growth

The growing presence of institutional players remains a defining feature of Binance’s recent success. Teng said the exchange now works with around 200 publicly listed companies worldwide that maintain digital asset treasuries. This includes corporations that are integrating blockchain infrastructure into their business models.

Such institutional interest underscores the increasing maturity of the crypto sector, as digital assets become strategic components of corporate balance sheets. Teng described this phase as the “next evolution of market participation,” where crypto is viewed less as speculation and more as infrastructure.

Waiting for U.S. Regulatory Clarity

Despite global momentum, Teng confirmed that Binance is maintaining a “watching brief” approach to its U.S. expansion plans. He emphasized that while Binance supports America’s ambition to become a hub for both AI and crypto, regulatory clarity remains essential before significant expansion can occur.

Teng pointed to two key legislative proposals, the Genius Act and the Clarity Act, as potential turning points for the U.S. market. These bills aim to define digital asset classifications, regulatory responsibilities, and pathways for institutional participation. According to Teng, such clarity would unlock innovation and position the U.S. as a global leader in blockchain-driven finance.

He commended President Donald Trump’s statement calling for the U.S. to lead in both AI and crypto, describing it as a “visionary stance” that could propel long-term economic competitiveness.

Partnership with PayPay Japan

One of the most notable developments under Teng’s leadership is Binance’s strategic partnership with PayPay Corporation, a leading Japanese digital payments company. PayPay recently acquired a 40% stake in Binance Japan, marking a significant step toward mainstream crypto adoption in Japan’s financial ecosystem.

The collaboration aims to integrate Binance’s blockchain infrastructure with PayPay’s network of 70 million users, allowing seamless transfers between traditional payment systems and digital assets. Teng described the partnership as a model for how Web3 can enhance existing financial networks, improving accessibility and efficiency.

Record Trading Volume and User Milestones

Binance continues to dominate global trading volumes, with over $100 billion worth of transactions processed daily. The company’s cumulative trading volume has surpassed $100 trillion since its inception, a milestone that reinforces its position as the world’s leading exchange.

Teng noted that this growth has been driven by expanding product offerings, including derivatives, staking, and yield products. The exchange’s emphasis on compliance and innovation has also helped maintain user confidence even amid regulatory headwinds.

He said the next phase of growth will come from integrating blockchain infrastructure into sectors such as real-world assets, tokenized treasuries, and cross-border settlements.

The U.S. and Global Market Outlook

Teng’s remarks come at a time when the global crypto industry is transitioning from speculative trading to long-term adoption. He emphasized that regulatory clarity will define the next wave of innovation, especially in markets like North America, where institutional interest is already high.

He suggested that once the U.S. finalizes its digital asset framework, Binance will be ready to participate meaningfully, aligning with local compliance and investor protection standards. The company’s hybrid CDiFi model, he said, will allow Binance to contribute to both traditional finance and the decentralized economy.

In Asia, the company’s partnerships and licensing efforts continue to expand, positioning Binance as a leading player in the region’s regulated markets, including Japan and the Middle East.

Final Thoughts

Richard Teng’s comments reinforce Binance’s evolution from a pure trading platform into a global digital ecosystem. The exchange is balancing aggressive expansion with caution, ensuring compliance in emerging regulatory environments while scaling its user base and institutional partnerships.

Teng’s optimism for the U.S. market reflects confidence that once clear rules are established, Binance will be positioned to bridge global finance with American innovation. For now, the exchange is focused on expanding responsibly, strengthening regional partnerships, and refining its hybrid financial infrastructure model.

The takeaway is clear: Binance is no longer just watching the crypto revolution, it is helping define how the next generation of financial systems will function globally.

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FAQ

What did Richard Teng say about Binance’s future in the U.S.?

He stated that Binance is waiting for clearer digital asset regulations before expanding in the U.S., but plans to support the country’s ambition to lead in AI and crypto innovation.

What is CDiFi according to Binance?

CDiFi refers to Binance’s hybrid model combining centralized finance with decentralized finance, giving users access to both traditional trading features and Web3 services.

How fast is Binance growing globally?

Binance has grown from 170 million to nearly 300 million users in under two years, with daily trading volumes often exceeding $100 billion.

What is the significance of Binance’s partnership with PayPay Japan?

The partnership connects PayPay’s 70 million users with Binance’s blockchain technology, aiming to merge cashless payments with digital assets in Japan.

What does Teng think about the future of crypto regulation?

He views upcoming U.S. laws such as the Genius Act and Clarity Act as crucial for establishing a stable regulatory environment that supports innovation and institutional growth.