Binance CEO: Mainstream Adoption of Cryptocurrency Requires Clear Regulations and Institutional Participation to Enhance Market Depth and Resilience

On November 4th, Richard Teng, the CEO of Binance, stated at the Hong Kong Fintechweek 2025 that for the mainstream adoption of crypto, two elements are necessary: clear regulations and institutional participation. Previously, regulatory agencies were reluctant to invest time, energy, and resources in understanding this field, but that has now changed. Additionally, any asset class with only retail participation lacks depth and breadth. Once institutions enter, they bring different investment horizons, strategies, and scales, which significantly enhance market depth and resilience. When asked by the host whether "institutional involvement leading to decreased market volatility also erodes the core concept of the decentralization of cryptocurrency," Richard Teng expressed that he completely disagrees. The more different types of players are brought into this stage, the more active and vibrant the market becomes. Although cryptographic technology itself relies on decentralization, immutability, and other characteristics, the presence of centralized players can actually maximize the value of the technology. The optimal scenario is to be able to leverage both the "decentralization technological advantages" and provide the "best centralized experience."