Binance CEO Richard Teng: Institutional entry is accelerating, just at different paces—the global crypto adoption rate is still only 8%

At the Binance Blockchain Week roundtable in Dubai, Binance CEO Richard Teng shared platform data:
Over the past two years, as regulations have become clearer, the US has shifted from being “anti-crypto” to showing “strong support,” ETFs have been approved, and traditional financial institutions have entered the market, the number of institutional users on the Binance platform has doubled for two consecutive years.

He emphasized that the due diligence processes for institutions, enterprises, and family offices are far more complex than for retail investors, so they won’t all enter the market at the same time, but “they are all making progress, just at different paces.”

Currently, the global cryptocurrency adoption rate is still only 8%.
After communicating with multiple enterprises and family offices, he believes institutional entry is a “certainty—it’s only a matter of time,” and reiterated: “We are very bullish in the long term.”