Binance Sees 40% Growth in Institutional Investors, CEO Predicts More to Come

Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.

This growth reflects the expanding presence of institutions in the crypto space, especially after the introduction of spot Bitcoin and Ethereum ETFs. However, Teng believes this is only the beginning of institutional involvement.

Speaking at the Token2049 conference in Singapore, Teng explained that while more institutions are exploring crypto investments, many are still hesitant due to regulatory uncertainty.

He expects that clearer regulations will attract more institutional players, which could boost liquidity in the market. He also attributed Bitcoin’s earlier surge to a new all-time high of $73,000 to institutional inflows following the approval of spot Bitcoin ETFs.

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ETF Store President Nate Geraci echoed Teng’s optimism, pointing out that Bitcoin ETFs have already seen substantial inflows but have yet to reach their full potential. He anticipates further growth as more large financial institutions approve these products, and more crypto ETFs, such as Spot Solana, could launch soon.

Alexander Stefanov