Binance CEO Teng: Exciting days are coming

Richard Teng, who took over as CEO of Binance, where Changpeng Zhao left his post, within the framework of a mutual agreement with the US Department of Justice, evaluated the rise in Bitcoin. “There are exciting days ahead,” Teng said.

Author Hakan Ateşler

New CEO at Binance Richard Teng said that he thinks more money will enter the industry. Tweeting after Bitcoin entered a sharp upward movement by exceeding $41,500, Binance CEO stated that "exciting days" are ahead of us.

“More products and more liquidity are coming”

Emphasizing that Bitcoin exceeded 41 thousand dollars, Teng also touched upon the importance of clarity in regulations and said:

“Bitcoin exceeded 41 thousand dollars. Exciting days lie ahead with clearer regulatory rules, increased institutional adoption, the arrival of a new investor class with new products, and greater liquidity. Keep producing..."

Teng recently touched upon the importance of regulations in an exclusive interview with Uzmancoin at Binance Blockchain Week, which he attended in Istanbul, and said, “We work closely with lawmakers and government institutions. We constantly explain to them the working system of cryptocurrency. "We work with each country separately," he said.

Teng left office after the mutual agreement of CZ and the US Department of Justice, and Teng took his seat.