š„š„Binance CEO says 2024 is the āturning pointā and there are 3 reasons why
Binance's CEO #RichardTeng maintained that 2024 is a turning point for the crypto market. Teng also added that the momentum in user growth remains very strong.
Binance CEO Richard Teng said this year is rising at a turning point for the crypto industry. Teng added that increased legal clarity has led to more mainstream acceptance and the launch of Bitcoin exchange-traded funds (ETFs).
In the later part of his speech, Teng said, āThe momentum continues to be very strong and we are encouraged by this. āYou see individuals as well as institutions coming to the industry.ā savings were used.
Binance CEO stated that it will increase by 42 billion dollars in 2024 with the increase in the prices of customer assets on the exchange. According to Teng's knowledge, Binance's registered user population exceeded 200 million, and its monthly actives grew by 12.5 percent from February to May.
Speaking about the legal process after the 4 billion fine was imposed on the stock exchange, Teng said that the appointed companies of the stock exchange will be run by Sullivan & Cromwell and Forensic Risk Alliance. Teng emphasized that the location of Binance's headquarters has not yet been established, but negotiations are being held with various countries.
