Binance is eyeing deeper expansion into North America but it’s waiting for regulatory clarity before making its next move, according to CEO Richard Teng.
Speaking in an interview with TheStreet Roundtable’s publisher and RTB Digital CEO James Heckman, Teng said Binance’s global growth has continued to accelerate and that the exchange now serves nearly 300 million users, up from 170 million at the start of 2024.
“From a platform standpoint, what we want to do is to become the best-in-class platform out there, combining the best of centralized features and offering the best of decentralized,” Teng said. “So we call it a CDiFi platform on that front.”
The hybrid approach, he said, highlights Binance’s push to merge the best elements of centralized and decentralized finance, including the company’s Web3 Wallet and Binance Alpha both of which he described as “extremely popular globally.”
For the best experience, download the Roundtable app from the App Store or Google Play Store and watch the full, uncut interview.
According to Teng, Binance saw more than a doubling of institutional onboarding last year, with the pace still strengthening through 2025. He noted that it’s not only traditional institutions moving into crypto, but also “corporates, the DeFi projects, and digital asset treasuries.”
“Now we have close to 200 listed companies around the world doing digital asset treasuries,” Teng revealed.
For the best experience, download the Roundtable app from the App Store or Google Play Store and watch the full, uncut interview.
When asked by Heckman how much value flows through the platform, Teng gave a staggering figure:
“You look at on any given day more than a hundred billion is traded on the platform,” he said, adding that Binance recently surpassed $100 trillion in cumulative trading volume since its 2017 launch.
Binance, which celebrated its eighth anniversary earlier this year, continues to post record growth in both trading activity and users.
“We started 2024 with 170 million customers. Today we are close to 300 million,” Teng said. “So you can see in the course of slightly more than one and a half years, there’s more than 130 million customers — and still accelerating.”