Binance CEO Richard Teng has revealed that the crypto exchange’s institutional and corporate investors grew by 40% this year. This significant growth is a testament to the increasing exposure that institutions are gaining to crypto assets.
The launch of spot Bitcoin and Ethereum ETFs has played a crucial role in this expansion. Such developments highlight the growing confidence and interest in crypto investments among institutional investors, signaling that the adoption trend is still in its early stages according to Teng.
This news underlines the evolving landscape of the cryptocurrency market, where institutional involvement is becoming more prominent. Binance is positioned to capitalize on these trends, benefitting from the continued adoption and expansion of cryptocurrency assets.
