Richard Teng, co-CEO of Binance, mentioned crypto fundamentals stay sturdy regardless of value volatility, pointing to accelerating person progress, deeper regulatory engagement and increasing product choices as key drivers heading into 2026.
Talking on CNBC’s Squawk Field on Jan.8 following the discharge of Binance’s 2025 annual report, Teng mentioned short-term value actions, together with Bitcoin’s pullback to round US$89,000, shouldn’t be the first lens by way of which traders assess the sector.
“I do assume that we should always look past simply the worth motion,” Teng mentioned. “Value motion (is) very troublesome to foretell on a day-to-day, month-to-month foundation, however we should always have a look at the sturdy fundamentals and underlying.”
Teng described himself as a long-term investor and mentioned Binance’s personal working metrics reinforce his confidence within the asset class.
“On the Binance entrance, we’ve continued to develop from power to power,” he mentioned. “On the person entrance, we’ve surpassed 300 million customers simply final month. Put into perspective, one out of 20 adults on the planet is a person on our platform investing in digital belongings. In order that’s huge.”
He additionally highlighted Binance’s regulatory progress, describing the corporate as the primary international crypto trade to safe a worldwide license assembly what he referred to as “gold requirements on governance, transparency, danger administration, (and) compliance.”
“With these parts, we proceed to push forward with crypto adoption,” Teng mentioned.
On competitors, Teng mentioned the strains between conventional finance and digital belongings are more and more blurred.
“We’re seeing a really sturdy convergence between Web2 area and Web3 area,” he mentioned, noting competitors from platforms equivalent to Robinhood, banks coming into crypto buying and selling, and decentralized finance suppliers. He argued Binance’s scale, liquidity and pricing stay key benefits. “We have now the deepest providing of traders, international customers, the narrowest bid-ask unfold… and the deepest liquidity pool.”
Teng additionally introduced new product growth, together with what he described as the primary regulated perpetual contracts settled in a U.S. greenback stablecoin, initially linked to gold and silver. “We’re pushing forward to introduce much more product, totally different product courses for customers globally to commerce on a 24/7 foundation,” he mentioned.
Requested about Binance’s skill to function in america, Teng mentioned the corporate at present has no U.S. presence and declined to take a position on timing or plans.
“At this cut-off date, we aren’t within the U.S. It’s untimely to take a position,” he mentioned. “We’re specializing in international deployment. We’re holding a really thrilling watching temporary, watching the developments coming within the U.S., not solely when it comes to (regulation), however hopefully when it comes to market construction.”
Teng added that any potential U.S. enlargement would depend upon regulatory readability and engagement with native stakeholders. “At this cut-off date, it’s too untimely,” he mentioned.
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